Hello guys
BTC formed a descending channel previously, and these few weeks broke up this channel very well.
However, for starting a new bullish trend I believe a strong pattern is essential at the bottom.
From my point of view, It is going to form a head and shoulder and after that break up the neckline.
My recommendation:
1. Watch the neckline line until it is broken.
2. Enter a long position.
3. Close 60% of position on the first target
4. Close 40% position on the second position
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
BTC formed a descending channel previously, and these few weeks broke up this channel very well.
However, for starting a new bullish trend I believe a strong pattern is essential at the bottom.
From my point of view, It is going to form a head and shoulder and after that break up the neckline.
My recommendation:
1. Watch the neckline line until it is broken.
2. Enter a long position.
3. Close 60% of position on the first target
4. Close 40% position on the second position
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Comment:
formed head an shoulders
Trade closed: target reached:
touched the top of channel
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