We can see a falling wedge pattern forming with RSI divergence. Picking the exact bottom can be tricky, but we can see that price has already broken out. The only concern at the moment is volume has not increased.
For this pattern, I usually target the 38.2% Fib of the overall move down and place stops below the low. This is almost a 4:1 trade.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade active
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Stop loss below the swing low
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Bitcoin might go on a tear soon, so manage trade accordingly.
Trade active
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Bullflag appearing. Tempted to add more to position on the break of flag pole.
Order cancelled
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Bull flag failed to eventuate and out for BE. No harm done.