Bitcoin
Alış

Trading a LONG position after a long time

Güncellendi
We are at previous low, mostly this triggers a uptrend, trading long now.
Small LOSS or BIG gain, who knows!

Good luck to you all
Not
anlık görüntü

Looks strong out of the red triangle, hopefully we reach the upper part of the channel.
Not
anlık görüntü
Not
anlık görüntü
bigger overview
Not
anlık görüntü
target 1 reached
Not
anlık görüntü
Not
anlık görüntü
If the resistance breaks (fib 61.8%) and old upper part of channel, i strongly believe 5K1 is the next resistance, otherwise up to target 2
Not
tradingview.com/chart/AbJnieBQ/
With the Fibonacci channel you can see the perfect parallel channel!
Look at Red 0% en blue 50% touches (red arrows)

Price movement
Below 50% blue line target 5100usd
Cross 0% red line targets 2 and 3

- Red line good short position with small stoploss
- Blue line now good for long position because we are @ 61.8% Fibonacci, over time this is not true because blue line descending.
Not
anlık görüntü
With the Fibonacci channel you can see the perfect parallel channel!
Look at Red 0% en blue 50% touches (red arrows)

Price movement
Below 50% blue line target 5100usd
Cross 0% red line targets 2 and 3

- Red line good short position with small stoploss
- Blue line now good for long position because we are @ 61.8% Fibonacci, over time this is not true because blue line descending.
Not
anlık görüntü
With the Fibonacci channel you can see the perfect parallel channel!
Look at Red 0% en blue 50% touches (red arrows)

Price movement
Below 50% blue line target 5100usd
Cross 0% red line targets 2 and 3

- Red line good short position with small stoploss
- Blue line now good for long position because we are @ 61.8% Fibonacci, over time this is not true because blue line descending.
Not
anlık görüntü
descending red 0% line is broken, ready to break previous high!
Not
anlık görüntü
Not
anlık görüntü
possible retrace at red dotted line, therefore 161.8% is still feasible.
I expect a retrace to red line 100% or up to blue support bar.

Retrace at red line, then it is possible to break old trend line at target 3.
Retrace at support, then I expect high sales pressure at target 3.
is support broken then ......
Not
anlık görüntü
Building a bear flag but signals are getting weak, possible retrace
Not
anlık görüntü
red line broken and looking strong!
Not
anlık görüntü
Resistance broken, target 3 within reach
Not
anlık görüntü
Bitcoin (Cryptocurrency)BTCUSDFibonacciSupply and DemandTrend Lines

Feragatname