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ProSignalsFx
Aug 14, 2020 4:24 PM

BITCOIN TRIANGLE/FLAG LONG|TRADING PLAN Long

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin has broken out of the long term resistance line and is currently consolidating below the new horizontal resistance, in a bullish flag/triangle.

Given the above-written, our target trade is a long.

TRADING PLAN:

1-Wait for the breakout

2-Make sure it is confirmed

3-Go long

4-SL below the triangles horizontal resistance

5-Take by trailing stop after 1:1,5 50% take

Thank you for reading, like and subscribe and have a nice day!
Comments
ProjectSyndicate
appreciate your effort. great setup.
ProSignalsFx
@ProjectSyndicate, thank you,bro!
Mudrex
Seems pretty cool! Thanks for sharing!
Do check out my idea
ProSignalsFx
@Mudrex, cool chart bro!
ProSignalsFx
What do you think, guys?
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