SellHope

Bitcoin - Breakout Strategy

SellHope Atualizado   
BITFINEX:BTCUSD   Bitcoin
Hi friends! Welcome to my chart. Looking at the chart, we are at very important edge of the symmetric triangle. Bitcoin consolidated for 3 months in about 30% price range.

So how to trade?
- SHORT: If price break down the support line.
- LONG: If price break up the red bold resistance line.

What's the target?
Normally if this triangle break and bitcoin shows some volatility, we go up/down at least 30% I think.

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Thank you a lot!

Comentário:
I would like to say, this was the perfect bottom for second move up I think yet.

Comentário:
Bitcoin Dominance touching support line.
Comentário:
I think this break down is fake breakout. possibly fake bear trap.
Comentário:
Testing small resistance line.

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