Hi all.
As I don't know if the updates I posted on my previous post show up, I decided to just do a new one.
I didn't change anything, the Pivot based support and resistance lines and the trendline based on 4H Pivot are still exactly the same.
I added red arrows on the Pivot High Points to show why I draw the lines the way I do.
Yesterday I used the 4H chart to explain my bullish sentiment at this time.
Today I just want to show you in more detail that Bitcoin is behaving exactly as I thought it would.
So on the 1H chart we can see that we are once again trying to break the downtrend line. This time might be successful.
Moved my stop loss to 9038.5 while for now, I stick to my target of 9260.
Happy trading and please give me a thumbs up if you agree or leave a comment, also if you disagree. That's the way we learn :-)
As I don't know if the updates I posted on my previous post show up, I decided to just do a new one.
I didn't change anything, the Pivot based support and resistance lines and the trendline based on 4H Pivot are still exactly the same.
I added red arrows on the Pivot High Points to show why I draw the lines the way I do.
Yesterday I used the 4H chart to explain my bullish sentiment at this time.
Today I just want to show you in more detail that Bitcoin is behaving exactly as I thought it would.
So on the 1H chart we can see that we are once again trying to break the downtrend line. This time might be successful.
Moved my stop loss to 9038.5 while for now, I stick to my target of 9260.
- Don't use this as standalone strategy. Combine this with your favourite indicators to get confirmations.
- This is not financial advice, but meant for educational purposes.
- As always, Do Your Own Research!
Happy trading and please give me a thumbs up if you agree or leave a comment, also if you disagree. That's the way we learn :-)
Trade closed: stop reached
