johntradingwick

BITCOIN - A DAY TRADER'S CHART, SHORT TERM TRADING PLAN!

Long
johntradingwick Updated   
BITFINEX:BTCUSD   Bitcoin
The price has been moving between parallels and i see a formation of Right angled broadening wedge which can break either way.(I am just worried for the Volume)
Some scalping can be done using the parallels marked in the chart.

If you are a swing trader than stay away.
This chart is better for a scalper or a day trader.

I am really out of time today, gonna post a good analysis tomorrow or a day after that. Till then you can scalp using this one.

P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal. Invest your capital at your own risk.

Keep an eye out. Trade safely. Always remember, money not lost is also a profit.

Good luck trading.!
Peace.
Comment:
Fell off to the lower parallel.
Comment:
Broke down of the wedge. Should fall away to 6800 soon.

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView

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