Bitcoin , Keep it Simple !
- Bitcoin has been consolidating in a side range since May .
- A rectangle Pattern was formed .
- A breakout of this Pattern gives us a Short opportunity towards the next Support.
- I confirm the breakout with :
1-Daily Close below the Rectangle Pattern .
2-Price below the 200 EMA .
If the Breakout happens , I would short with :
-Stop Loss above the breakout Candle (in the pattern ) .
-Profit Targets are the support zones from November and December .
This is how I see it and I am happy to read your feedback on my idea .
Happy Trading everyone .
Note :This is not a financial advise , I might be 100% wrong on everything I say .
- A rectangle Pattern was formed .
- A breakout of this Pattern gives us a Short opportunity towards the next Support.
- I confirm the breakout with :
1-Daily Close below the Rectangle Pattern .
2-Price below the 200 EMA .
If the Breakout happens , I would short with :
-Stop Loss above the breakout Candle (in the pattern ) .
-Profit Targets are the support zones from November and December .
This is how I see it and I am happy to read your feedback on my idea .
Happy Trading everyone .
Note :This is not a financial advise , I might be 100% wrong on everything I say .
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