We just experienced a break out from the symmetrical triangle which is a bull flag and then dump back down into the flag usually with these cases we have a test of the bottom support which is the ideal time to buy
BUY: at the bottom of the triangle support
Stop loss: move along the bottom support as it moves up if we lose the bottom support we can close our position
TARGET: 14 k
BUY: at the bottom of the triangle support
Stop loss: move along the bottom support as it moves up if we lose the bottom support we can close our position
TARGET: 14 k
Comment:
we are heading in for the retest now
Trade active:
BTC has broken up from the triangle, changing the resistance of the top of the triangle into support, I bought on the retest
BTC has broken up from the triangle, changing the resistance of the top of the triangle into support, I bought on the retest
Trade active:
prev trade was a another fake-out proving that the top resistance is pathetic and got not be trusted at all but good news we reached the bottom support the circle in green shows an excess of selling which gives one a great opportunity to get into the market which is what I did we should see price carry us to the top of the triangle and hopefully we get a break