Bitcoin one more PUSH higher? HISTORY!
Here is another view of the current price action of Bitcoin.
Looking historically is a great way to look for future trends. We can see that during price consolidation in the falling wedge bullish pattern leads to higher prices.
View the last two posts for further details.
Our strategies consist of short-term scalping while viewing the overall trend for price direction. This allows for a tight stop loss, taking profit early, and utilizing a trailing stop. This also tends to help keep accounts safer as predictions are never 100% and being caught in the wrong direction with no stop loss is never a position you want to be in.
Looking historically is a great way to look for future trends. We can see that during price consolidation in the falling wedge bullish pattern leads to higher prices.
View the last two posts for further details.
Our strategies consist of short-term scalping while viewing the overall trend for price direction. This allows for a tight stop loss, taking profit early, and utilizing a trailing stop. This also tends to help keep accounts safer as predictions are never 100% and being caught in the wrong direction with no stop loss is never a position you want to be in.
Comment:
The price can consolidate much more before breaking out adjusting the target price
Comment:
First target of near 70K was hit