Rikkert2004
Long

Bitcoin up to 13 000? Bitcoin (BTCUSD) Renko chart analysis

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hey guys,

After a long time I made a new idea!

So after some analysing I took a look at the renko chart, which I mostly use for finding support and resistance . After I watched the renko chart for a while I saw a pattern and now the Bitcoin is repeating it. With this repeating pattern I saw a trading opportunity. This are the details:

Buy: 10 000
At this point the new pattern will break the last lower high.

Take Profit: 13 000
If it goes exactly as last time, the price will go up to 14 300. However, we are reducing the risk a little bit, so I set the Take Profit to 13 000.


If something is not correct of if you have any tips, just let me know in the comments! As I'm only 15 years old I still have a lot to learn, so if you have something to say, just let me know!

Goodluck with trading!

Comments

REKT!
Reply
BlackMEX BlackMEX
Who is in control?

The Bulls trying it again! Did you trust the "BITCOIN" Bulls? If you did, you get your reward!

DUMPED!
Reply
BlackMEX BlackMEX
#Bitcoin #BitcoinHalving2020 #cryptocurrency

So you thought the BITCOIN move was insane right?
and it would reflect the "Trip to Moon" episode.

Your favorite crypto pumper told your this that $BTC was Super Bullish?

I just want to point out that things are usually more complicated than it seems. Most people think that they just have to buy some BTC and we'll moon to 100k in a straight line.

Everybody who claims this will happen is a shit.

Reply
BlackMEX BlackMEX
Bitcoin Halving Capitulation - Mining Death Spirals

Here s a small explanation about why I'm SHORT position.

REMEMBER!!! Risk comes from not knowing what you're doing. I have experience in trading with BITCOIN. So you can assume that I know how to deal with it.

THANKS!

- BlackMEX

Reply
Good one
Reply
Good analyzing.I think price can touch target at 10 Jun 2020.
Good Luck & Patient
Reply
Good stuff! Thanks
Reply
Good idea
Reply
very nice
Reply
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