After the sharp drop in BTC it seems to be turning things back on track by making a long run. Once the price hit the daily support level it came back and then presented with a strong bullish engulf candle hinting that the market will be long for a while.
** I'm a newbie trader and I welcome any comments and feedback on my analysis . Thank you in advance.
** I'm a newbie trader and I welcome any comments and feedback on my analysis . Thank you in advance.
Trade active
Comment:
SL moved to Entry - Risk free trade
Comment:
My Take profit level is faulty which is why the trade take so long to hit it, I placed it abit to much above a previous support line. Don't make the same mistake I made.
Trade closed manually