We have nice falling wadge on BTC but...
On the 1h time frame we have perfect falling wadge but i would not recommend you to trade the breakout because we are in a weekend and the volume is low.
Instead i am trading this range between this to yellow lines bacause in the weekends we are mostly going sideways.
We have also some tensions betwen Russia and Ukraine so i dont think btc is going to move before monday.
Last week we got nice ranging, what do you think are we getting ranging again or is this breakout going to play out and meet the target?
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
Instead i am trading this range between this to yellow lines bacause in the weekends we are mostly going sideways.
We have also some tensions betwen Russia and Ukraine so i dont think btc is going to move before monday.
Last week we got nice ranging, what do you think are we getting ranging again or is this breakout going to play out and meet the target?
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
Trade closed: target reached:
We have only one stop loss and 6 wins.
Congrats to everybody who traded this range. If you are not range trader you can look at my profile and learn how to identify them, it pays of. At my last long position from 41950$ i doubled my investment and took 50% of the table at the yellow line. Only 50% because I think the bulls are going to try to push the price above 43.1k because of the weekly close. If we close below 43.1k btc is going to make hidden bearish divergence and confirm bear trend for the next few weeks.
Congrats to everybody who traded this range. If you are not range trader you can look at my profile and learn how to identify them, it pays of. At my last long position from 41950$ i doubled my investment and took 50% of the table at the yellow line. Only 50% because I think the bulls are going to try to push the price above 43.1k because of the weekly close. If we close below 43.1k btc is going to make hidden bearish divergence and confirm bear trend for the next few weeks.
MP