Bitcoin reaching its apex.
On my charts I have marked out the I am trading Bitcoin from. On the largest scale we have a symmetrical triangle. Moving down I have lines, a and my EMAs. I have been scalping Bitcoin from the over the past few days and my trades has played out successfully. As Bitcoin edges closer and closer to the apex of the and mid i expect a break. Currently I have no bias and will be trading the move either way. If Bitcoin is to get a candle close below the mid support I will short down to my target of the .618 Fibonacci level, and will long a close above the resistance with targets being horizontal resistances. Obviously if we move sideways out of this apex I will not be taking a trade, and will study the charts again to find a new setup; but for now this is what I will be trading.
Either position will give me extremely good risk to reward ratio trades.
You must rise above affiliation. Be neither a bull nor a bear, but only seek the truth. The truth is the chart; a chart cannot lie to you or give you a bias, only your psychology and emotions can do that. A topflight analyst is free of and biases and will trade only when a setup is there. Here I am letting either setup come to me, being a patient trader and entering upon a break. In the meantime there are alt coins with setups to trade right now, and the stock market continues each day (something I thoroughly enjoy to trade).