JaimePantoja

Scanning for long entries

JaimePantoja Updated   
BITSTAMP:BTCUSD   Bitcoin
Every time the price made an accommodation on its trend, the price gave a good opportunity to enter long ... look the importance to enter around the extreme of the consolidated movement ... so based on this fact in this chart one could expect to look for long entries in lower time frames when the price approaches again to the consolidated trend line
Comment:
Once again the price respect the direction of the consolidaed line and move towards the upside, for now the price has already made anew HH, wich is a signal of strengt, but remember that the trends tend to lose some momentum after several pullbacks... however this price action context allows to show a very important observation to look for trades
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