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After many failures ₿itcoin finally broke this red downtrendline (zoom out) which then it flipped to support a sent the price higher. Now BTC just breaking up the yellow triangle📐 and I think there is chance for run to 21200 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
After many failures ₿itcoin finally broke this red downtrendline (zoom out) which then it flipped to support a sent the price higher. Now BTC just breaking up the yellow triangle📐 and I think there is chance for run to 21200 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
- ENTRY: local high @ 20292
- STOPLOSS (SL): local low @ 19992
- TARGET (TP): height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 21200
- REWARD RISK RATIO (RRR): 3
- INVALIDATION: when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Comment:
I mean the order is BUY LIMIT obviously, not STOP-LIMIT. Just lil mistake.
Trade active:
Order filled ✔️
Trade closed: stop reached:
False triangle breakout, stoploss hit 🛑. Now backtesting the red downtrendline once again.
