weslad

XBTUSD Trading Idea and Potential Opportunities

Long
weslad Updated   
BITMEX:XBTUSD.P   Bitcoin
Its been a slow week where XBTUSD or BTCUSD hardly move, but few days ago we witness breakout in symmetrical triangle pattern but it could be fakeout or real breakout.

Also, we has formation of Ascending triangle which still in play with possible upside breakout, moreover, we has another pattern forming inside of the triangle which is Bullish Pole and Flag and this pointing to possible upside move with its target stated on the chart.

We look to add to our position whenever price get to the accumulation zone.
The whole setup will be invalid for BULL if price closes below 6000$.

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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.



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