Hi guys,
Sometimes break out trading with Bitcoin feels super annoying.
From my vision we got a :
- Clear short term breakout
- Volume spiked on moment of breakout
- We broke through resistance build since 1 week or more.
So the moment we break the idea is to open a market order so you can surf the wave up.
Bit Bitcoin is often doing these (I don't want to call it a fake out) breakouts and changing the trend.
It isn't a wick just above the resistance, it's a 1h close following 1h red closes.
the 4h closed above resistance and we are seeing a clear bullish divergence.
What am I not understanding here ?
Sometimes break out trading with Bitcoin feels super annoying.
From my vision we got a :
- Clear short term breakout
- Volume spiked on moment of breakout
- We broke through resistance build since 1 week or more.
So the moment we break the idea is to open a market order so you can surf the wave up.
Bit Bitcoin is often doing these (I don't want to call it a fake out) breakouts and changing the trend.
It isn't a wick just above the resistance, it's a 1h close following 1h red closes.
the 4h closed above resistance and we are seeing a clear bullish divergence.
What am I not understanding here ?