Stargazer_fx
Long

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

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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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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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions

Comments

Nice
+1 Reply
Stargazer_fx T_V_TreeTrader
Reply
great set up bro thanks
+1 Reply
Stargazer_fx Fisher_Fx
@Fisher_Fx thanks buddy
Reply
Great job! Love the S/R flip there to find support near $10,860
+1 Reply
Stargazer_fx Trading-Guru
@Trading-Guru thanks
Reply
Stargazer_fx jack.shih
@jack.shih beautiful analysis,thanks for sharing
Reply
Would be nice to see a downside retest before another leg up. Thanks for sharing your idea 🐻‍❄️😃
Reply
Stargazer_fx PolarHusk
@PolarHusk thanks
Reply
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