bluechak

Bullish Bat Pattern

Long
bluechak Updated   
BITFINEX:BTCUSD   Bitcoin
Hello traders!

This is my first tradingview idea. BTC is forming bullish bat pattern. Please like&comment and let me know what you think about my idea.

Entry level: 6693
TP1: 8636
TP2: 9836
SL: ~4700
Comment:
Watchout if this happens!
Trade active:
falling wedge is broken & we have daily hammer
Comment:
Put your SL at entry point.

I expect correction on 9300$. Bearish Cypher Pattern is forming, again its not perfect (BC is 1.47 instead of max allowed 1.41). I will close half of my positions on 9300$. Midterm goal is around 10500$

Trade closed manually:
BTCUSD is too unpredictable ATM
Trade active:
Trade is active since entry level 6693
Comment:
Put SL at entry
Comment:
I also suggest closing half of your positions, and setting TP for other positions to 8636
Comment:
TP1 reached, TP2 is still valid
Trade closed manually:
TP2 almost reached, now BTCUSD broke support line on 4h chart, I closed all my positions on this trade
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.