vladojurisic
Long

Bullish SWING FAILURE PATTERN

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hey fellas, hope you are doing well, here is my review on Bitcoin .

Btc formed a perfect SFP (swing failure pattern) as we made both ingredients, for BULLISH SFP true.

1) MARKET FORMS NOTICEABLE/KEY SWING LOW (red cirlce)

2) MARKET TRADES THROUGH THE SWING LOW BUT CLOSES ABOVE IT (blue circle)

This pattern is a strong bullish signal. I have no doubt that we'll be seeing more green in the upcoming months!


Wish you all good trading, do your own research before make any calls.

Comment: As you can see that was a good zone for long position and we are currently sitting on 25%+ ROI. Still think we'll be seeing more green until the end of this year and strongly doubt that we'll retrace under 6k anytime in the near future.

Comments

In this case, where is the proper setting of the stoploss?
Reply
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