Panjang
Bitcoin Bull Flag
Just a simple analysis today, for a bigger picture look at my previous two ideas.
Bitcoin broke out of a descending broadening wedge and is now forming a bull flag.
You can enter now, or layer in, or wait to see if it breaks the top of the flag (36800-37000) for an entry.
If you’re a break out trader then make sure it breaks out of the flag WITH VOLUME, and retests the top of the flag and flips it from resistance to support. Be a sophisticated trader .
As you can see , I’ve pulled up the VPVR and it shows huge trading volume at the 36150 level, which is why we are holding this area and may not see a retest of the bottom of the flag.
Technical price target of the bull flag break out , with volume confirmation, should be around $42500. I think just a stop on the move up to the higher price targets mentioned in my previous , other picture post. But...
Take profits early
Never leverage more than %5 of your portfolio.
Stay safe out there.
If it closes below the lower neck of the flag, walk away from the trade.
Bitcoin broke out of a descending broadening wedge and is now forming a bull flag.
You can enter now, or layer in, or wait to see if it breaks the top of the flag (36800-37000) for an entry.
If you’re a break out trader then make sure it breaks out of the flag WITH VOLUME, and retests the top of the flag and flips it from resistance to support. Be a sophisticated trader .
As you can see , I’ve pulled up the VPVR and it shows huge trading volume at the 36150 level, which is why we are holding this area and may not see a retest of the bottom of the flag.
Technical price target of the bull flag break out , with volume confirmation, should be around $42500. I think just a stop on the move up to the higher price targets mentioned in my previous , other picture post. But...
Take profits early
Never leverage more than %5 of your portfolio.
Stay safe out there.
If it closes below the lower neck of the flag, walk away from the trade.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.