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.
