Hi traders,
I just opened the charts and I saw Bitcoin making a bounce from both the 1H Support Area and the 1H Trendline.
I opened a long position and will keep riding the uptrend line until my next Area of Interest around 10800, unless I get signals the Trend is about to reverse. In that case I will update this post.
Any comments and advice always welcome!
If you you like posts, please give me a thumbs up or a follow. Thanks!
Happy trading :-)
I just opened the charts and I saw Bitcoin making a bounce from both the 1H Support Area and the 1H Trendline.
I opened a long position and will keep riding the uptrend line until my next Area of Interest around 10800, unless I get signals the Trend is about to reverse. In that case I will update this post.
Any comments and advice always welcome!
- 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!
If you you like posts, please give me a thumbs up or a follow. Thanks!
Happy trading :-)
Trade active:
Just a quick update to say that our trade is still open.
I marked the (in my opinion) next 4H Resistance line where I will keep an eye on, alone with the Trend Line of course.
I marked the (in my opinion) next 4H Resistance line where I will keep an eye on, alone with the Trend Line of course.
Trade closed manually:
Closed my trade and took my profit on the break of the Trend line.
I expect this to be a small retracement, so I'm keeping my eyes open for another long entry.
Stay tuned.
I expect this to be a small retracement, so I'm keeping my eyes open for another long entry.
Stay tuned.