Bitcoin up to 13 000? Bitcoin (BTCUSD) Renko chart analysis
Hey guys,
After a long time I made a new idea!
So after some analysing I took a look at the renko chart, which I mostly use for finding support and resistance. After I watched the renko chart for a while I saw a pattern and now the Bitcoin is repeating it. With this repeating pattern I saw a trading opportunity. This are the details:
Buy: 10 000
At this point the new pattern will break the last lower high.
Take Profit: 13 000
If it goes exactly as last time, the price will go up to 14 300. However, we are reducing the risk a little bit, so I set the Take Profit to 13 000.
If something is not correct of if you have any tips, just let me know in the comments! As I'm only 15 years old I still have a lot to learn, so if you have something to say, just let me know!
Goodluck with trading!
After a long time I made a new idea!
So after some analysing I took a look at the renko chart, which I mostly use for finding support and resistance. After I watched the renko chart for a while I saw a pattern and now the Bitcoin is repeating it. With this repeating pattern I saw a trading opportunity. This are the details:
Buy: 10 000
At this point the new pattern will break the last lower high.
Take Profit: 13 000
If it goes exactly as last time, the price will go up to 14 300. However, we are reducing the risk a little bit, so I set the Take Profit to 13 000.
If something is not correct of if you have any tips, just let me know in the comments! As I'm only 15 years old I still have a lot to learn, so if you have something to say, just let me know!
Goodluck with trading!