For clarity, past local trends have been specifically shown to better understand the situation and work.
In the previous trend, the reversal pattern after breaking the uptrend line was the “head and shoulders” pattern.
If you are not in a position, the entry will only be on a breakthrough or a pullback after breaking a triangle, depending on your trading strategy.
If you are not sure about something, use a stop loss. It is MANDATORY to use stop loss in margin trading.
How to trade in secondary trends in such situations has been repeatedly described in training articles written by me on "live trading examples." I will not repeat myself.
You must understand that Bitcoin is an indicator of the entire market.
The past trading idea of BTC / USD, the scenario of which is developing in this situation.
BTC / USD Preservation of a position in a trend. Ascending . Important area.
Trend development and testing of an important reversal zone.
In this trading idea, I showed the global trend of the BTC / USD pair.
BTC / USD Trend Trading. Important area. Fantastic scam.
An ascending triangle is a bullish formation, but there are cases (less than%) when it breaks. If you are not in a position, enter the market during the breakout or rollback after it, in the direction of the breakthrough of the triangle. Trend trading.
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my trading idea for June 2019.