Bitcoin is in Breakout Mode | Price action Analysis
Bitcoin Update
Things are getting clear now.
On Daily Chart,
Market is in a Breakout Mode, We are having a Triangle in play. Whichever side we see a Breakout, We gotta trade that side.
I dont know, Where we are heading to break.
On 4H Chart,
Broad Bear channel, With Test to Resistance Completed with good Short Sell Signal. Taking a short trade below Yellow Trendline or right now is weaker and aggressive bull set-up respectively.
Target for it lies below triangle so I dont find good to trade it for Swing basis only Scalping.
Chances are equal for Bull or Bear Breakout of triangle so dont have any direction where it is headed. I dont find it tradeable before Breakout.
Would like to take long above 9350. But again, When we have a Breakout, then I ll know if its worth trading it or not.
Sit back and Wait. We are in Breakout Mode.
Disclaimer
Trade at your own risk. This is not a financial advise. We are not registered/licensed organisation for Financial Services.
Things are getting clear now.
On Daily Chart,
Market is in a Breakout Mode, We are having a Triangle in play. Whichever side we see a Breakout, We gotta trade that side.
I dont know, Where we are heading to break.
On 4H Chart,
Broad Bear channel, With Test to Resistance Completed with good Short Sell Signal. Taking a short trade below Yellow Trendline or right now is weaker and aggressive bull set-up respectively.
Target for it lies below triangle so I dont find good to trade it for Swing basis only Scalping.
Chances are equal for Bull or Bear Breakout of triangle so dont have any direction where it is headed. I dont find it tradeable before Breakout.
Would like to take long above 9350. But again, When we have a Breakout, then I ll know if its worth trading it or not.
Sit back and Wait. We are in Breakout Mode.
Disclaimer
Trade at your own risk. This is not a financial advise. We are not registered/licensed organisation for Financial Services.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.