Stargazer_fx

BTCUSD, price moving in an ascending channel, where to BUY??

Long
BITSTAMP:BTCUSD   Bitcoin
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BTCUSD
price is moving in an ascending channel, price rejected after touching the upper trendline of the channel & price bounced everytime after touching the lower trendline of the channel, after reaching the lower trendline If price continue to hold above the structure and starts to grow from the channel's trendline, I expect the price to move higher



For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy..
Trade it with proper Sl..
In case price breaks below the level then we can look for sell opportunity..




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