According to my analysis Bitcoin is in a major , which is narrowing down now.
We're not looking for to confirm our or opinion. To be successful in trading, one needs to be neutral.
This analysis shows that Bitcoin could either go up or down.
When to enter?
If price moves up, a perfect entry point would be just outside the orange flag.
If price moves down, a perfect entry would also be just outside the orange flag.
When to exit?
You always want to have maximum gains, and minimum losses.
That having said, it's wise to put your stop loss a couple of points away from your entry point.
Take profit the moment the trend reverses.
Remember... sit tight is the best thing you can do. - Edwin Lefèvre, Reminiscence of a Stock Operator.