Bitcoin is trading inside an Ascending Triangle pattern.
The price is currently supported on the MA50 (4h). The next long term Support is the MA50 (1d).
The most efficient buy signal inside this pattern has been when the RSI (4h) crossed under (even marginally) the 30.00 level.
Trading Plan:
1. Buy when the RSI (4h) breaks under 30.00.
Targets:
1. 85000 (Fibonacci 2.0 extension).
Tips:
1. Similarly the most efficient sell signal has been when the RSI (4h) crossed the 70.00 level. Shorting though during bull markets needs to be excercised with caution.
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Notes:
Past trading plan:
The price is currently supported on the MA50 (4h). The next long term Support is the MA50 (1d).
The most efficient buy signal inside this pattern has been when the RSI (4h) crossed under (even marginally) the 30.00 level.
Trading Plan:
1. Buy when the RSI (4h) breaks under 30.00.
Targets:
1. 85000 (Fibonacci 2.0 extension).
Tips:
1. Similarly the most efficient sell signal has been when the RSI (4h) crossed the 70.00 level. Shorting though during bull markets needs to be excercised with caution.
Please like, follow and comment!!
Notes:
Past trading plan:
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