During the previous session, the Bitcoin unscrewed and received a support level of around $6210 on Bitmex. XBT then bounced back and now evolves in an upward bevel configuration.
As you know, this downward trend pattern often has a downward exit as well. In addition, this level also corresponds to a horizontal support at $6260.
The strategy is to go short if these 2 levels are broken to aim for a return to $6210 and $6140 afterwards.
Summary of the strategy:
Short: Confirmed wedge and support breakage at $6260. One candle below the support in 30 min time horizon can count as confirmation !
T1 : $6210
T2 : $6140
Stop: $6287 after the break
Make sure to raise your stop-loss above your purchase price if the price approaches T1, to eliminate the risk of trading.
More Strategy like this ? Visit: crypto-addicts.com
As you know, this downward trend pattern often has a downward exit as well. In addition, this level also corresponds to a horizontal support at $6260.
The strategy is to go short if these 2 levels are broken to aim for a return to $6210 and $6140 afterwards.
Summary of the strategy:
Short: Confirmed wedge and support breakage at $6260. One candle below the support in 30 min time horizon can count as confirmation !
T1 : $6210
T2 : $6140
Stop: $6287 after the break
Make sure to raise your stop-loss above your purchase price if the price approaches T1, to eliminate the risk of trading.
More Strategy like this ? Visit: crypto-addicts.com
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.
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.