BTS forming a bull flag .
Where to open the long position:
Option 1: Wait for breakout of resistance to buy. Stop loss if it closes bellow the resistance.
Option 2. Wait for a Reversal candle at support ( Hammer , bullish engulfing ) . Stop loss -> a close bellow the support.
Don't buy unless you get a signal. It could go either way at this moment as ETH might go up and most of the traders might want to bet on that. BTC is still in the triangle. A break either way might affect the BTS price.
Take profits along the way. there is a lot of volatility in BTS.
Where to open the long position:
Option 1: Wait for breakout of resistance to buy. Stop loss if it closes bellow the resistance.
Option 2. Wait for a Reversal candle at support ( Hammer , bullish engulfing ) . Stop loss -> a close bellow the support.
Don't buy unless you get a signal. It could go either way at this moment as ETH might go up and most of the traders might want to bet on that. BTC is still in the triangle. A break either way might affect the BTS price.
Take profits along the way. there is a lot of volatility in BTS.
Trade active:
entry at 4100
Comment:
Support Held, Trade is now in the green. Wished i waited for more conformation and bought in at a better price. But it's still a profitable trade.
Trade active:
Short sold at 4200 and re-bought at 4000
Trade closed manually