Welcome new subscribers, Feel free to relate with my trade analyses.. Update me on your running positions. Thank you. Congratulations on our previous massive buy on description below. Happy to share my BITCOIN IDEA And also give 3 potential reasons we would expect a short sell, And buy long, Just my idea thanks! Leave a like and follow for mainly NASDAQ indices updates!
3 POTENTIAL REASONS FOR A LONG BUY-SETUP LOADING:
- STRONG & S/R
- BULLISH PENNANTS
- CUP & HANDLE FORMATION
Bullish Pennants - Continuation pattern that marks a pause in the movement of a price halfway through a strong uptrend, giving you an opportunity to go long and profit from the rest of the price rise. so we sell short to bottom trend-line then buy long to 10k/12k as long as Strong support/Bullish trend isn't broken then buy
Strong Support & Resistance: As we've also seen how trade respectively reversed on 1st resistance heading to Supports(Law of S/R), so wait for Reversals(Patterns, Candles) If no break then we go all the way to 10k Then if broken 1st resistance we go straight up to TOP RESISTANCE ON 12K price
Cup & Handle formation: Also as we can see,The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. And Cup formed and waiting for handle completion to form properly back up for a bull reversal to 10k or 12k
So these are my little thoughts on BITCOIN trading From previous analyses on Feb 3rd. I would have gave more reasons with additional indicators/patterns, But i selected the 3 most effective to avoid a buggy charts. SO With such 3 great potentials prove with 90% possibilities hopefully we achieve said Targets once again and not been affected by the recent bearish movements on major stocks due to the global pandemic panics.[ SO therefore we sell short & Buy long! Trade safely guys & stay very alert when we get to the Buy parameters Then invest!
Please Like and share your ideas on this particular pair too. Also always apply proper risk managements thanks!
3 POTENTIAL REASONS FOR A LONG BUY-SETUP LOADING:
- STRONG & S/R
- BULLISH PENNANTS
- CUP & HANDLE FORMATION
Bullish Pennants - Continuation pattern that marks a pause in the movement of a price halfway through a strong uptrend, giving you an opportunity to go long and profit from the rest of the price rise. so we sell short to bottom trend-line then buy long to 10k/12k as long as Strong support/Bullish trend isn't broken then buy
Strong Support & Resistance: As we've also seen how trade respectively reversed on 1st resistance heading to Supports(Law of S/R), so wait for Reversals(Patterns, Candles) If no break then we go all the way to 10k Then if broken 1st resistance we go straight up to TOP RESISTANCE ON 12K price
Cup & Handle formation: Also as we can see,The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. And Cup formed and waiting for handle completion to form properly back up for a bull reversal to 10k or 12k
So these are my little thoughts on BITCOIN trading From previous analyses on Feb 3rd. I would have gave more reasons with additional indicators/patterns, But i selected the 3 most effective to avoid a buggy charts. SO With such 3 great potentials prove with 90% possibilities hopefully we achieve said Targets once again and not been affected by the recent bearish movements on major stocks due to the global pandemic panics.[ SO therefore we sell short & Buy long! Trade safely guys & stay very alert when we get to the Buy parameters Then invest!
Please Like and share your ideas on this particular pair too. Also always apply proper risk managements thanks!
