BITCOIN (BTCUSD) Trend Following Trading Plan

BTCUSD is retesting a trend line that it broke last week.

To catch a bullish continuation from that, I would recommend looking at a falling wedge pattern on 1H chart.
While the price is inside that, it remains in a local downtrend.
However, once its resistance is broken, bullish impulse will most likely follow.

Your task right now is to be patient and wait for a breakout with a candle close above.

Then long can be initiated on retest or aggressively.

Potential goals: 36.000 / 38.000

Good luck!

Yorum:

Perfectly flies to the first goal!

Yorum:

Watch my new video on EURUSD:

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