BTCUSD Breakout with High Volume
BTC breakout with lots of Volume in 4hr chart (circle in aqua below).
Huge green candle indicating a short squeeze and a sense of Urgency. Look at the length of the candle, lots of buyers.
Accumulation Distribution trending above its EMA13, price and volume trending, very likely indicating strength in trend.
Used the length of the High / Low of the prior range, along with an AB/CD and Fibs to get some possible targets.
The break out was aggressive we'll see if it follows through.
Personally I am taking a trade of the breakout, risking 2% of the Portfolio. Risk Reward around 2 to 3 to 1.
Lot's of good news around the crypto space. We'll see if Elon Musk pumps Bitcoin as he pumped Tesla.
Anything can happen. The future is not certain but of course we can get high probability trades.
Just an OPINION. Please LIKE and FOLLOW. Thank You :)
Huge green candle indicating a short squeeze and a sense of Urgency. Look at the length of the candle, lots of buyers.
Accumulation Distribution trending above its EMA13, price and volume trending, very likely indicating strength in trend.
Used the length of the High / Low of the prior range, along with an AB/CD and Fibs to get some possible targets.
The break out was aggressive we'll see if it follows through.
Personally I am taking a trade of the breakout, risking 2% of the Portfolio. Risk Reward around 2 to 3 to 1.
Lot's of good news around the crypto space. We'll see if Elon Musk pumps Bitcoin as he pumped Tesla.
Anything can happen. The future is not certain but of course we can get high probability trades.
Just an OPINION. Please LIKE and FOLLOW. Thank You :)
Nota
1/3 Targets Achieved!
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
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.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
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.