BitcoinPanjang
BITCOIN - SHORT TERM BULLISH
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Hello everyone! Wellcome to my first ever idea on Trading View.
BITCOIN has been quite confusing lately but I can assure you it is not that complicated.
Looking at the 2H chart, we can see a bull flag inside a BIG bear flag. But in this post, I will not talk about long term view. I usually only do day trading or swing trading because patience really isn't my strong suit. Currently, BITCOIN is moving inside that triangle and it will take 1 to 2 days to breakout of that triangle. It could go both ways but I think the chance of going up is 60%.
So in a few hours, I think the price will go down to the 6k6 level but it will bounce up quickly to the upward side of that triangle.
I have opened a SHORT position:
Entry: 675x
Target: 66xx
Stoploss: 6777
I will update this post when my position close.
BITCOIN has been quite confusing lately but I can assure you it is not that complicated.
Looking at the 2H chart, we can see a bull flag inside a BIG bear flag. But in this post, I will not talk about long term view. I usually only do day trading or swing trading because patience really isn't my strong suit. Currently, BITCOIN is moving inside that triangle and it will take 1 to 2 days to breakout of that triangle. It could go both ways but I think the chance of going up is 60%.
So in a few hours, I think the price will go down to the 6k6 level but it will bounce up quickly to the upward side of that triangle.
I have opened a SHORT position:
Entry: 675x
Target: 66xx
Stoploss: 6777
I will update this post when my position close.
Dagangan ditutup: sasaran tercapai
Nota
As predicted, the price fell down to 667x and then quickly bounced up. I closed my trade at 6685 because I don't want to be too greedy. Right after that, I actually opened a LONG position at 6685 and then closed the trade at 6750. So double WINS for me!Now I think BITCOIN will fall back to the lower trendline of that triangle for a retest and then will move up to the upper trendline to test the 6k8 level.
Please also check my MID TERM view for BITCOIN here:
Nota
Staying flat for now. Will open my LONG when BITCOIN fall back to 6k6 level. Target 6k9
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.