We have broken through the tentative (ugly looking but still valid) ascending triangle and are in clear bullish scenario. What I am showing with this chart are the targets for next higher highs with really (and I mean really) rough trajectory of price movement between the waves. The foundation for this is found in the trendline which I drew a while back and that is still holding exactly as planned, when we surge above green area we make a pull back, when we drop under it, we retrace and create higher lows to confirm the bullish trendline. While enjoying the ride, top purple area is a SELL area for taking profits and bottom purple area is a BUY area for filling the bags for the next wave.
Cheers everyone!
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Going gooood!! Cant press play when on mobile (Im on a holiday) if someone knows how to press play on mobile please do advise. Thanks!
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Idea still valid, clearly the parabolic move in late June and that trading madness went out of the channel and that was some crazy stuff that Bitcoin simply does, but the trend is still looking good and the strategy is giving results, just buy when we reach lower parts of the channel and keep it real bois!
@Bullandbeartrading, yes, enjoy the ride and on top of that, if you are into margin trading, also pick up some side profit. If not, just accumulate on the dips in lower purple areas as I am sure we will be visiting those all across this bull run! Cheers and thanks for the like and comment!