BTCUSD is on the MA50 (1d) with the RSI descending.
On many metrics as well as the price action, it is following a pattern much alike the January-March.
That dropped further to the MA100 (1d) and MA200 (1d) before making a new rally to a new High.
Trading Plan:
1. Buy if the price crosses above the Invalidation trend line.
2. Buy on the MA100 (1d).
Targets:
1. and 2. 35000 which is a 12.40% increase from the previous High as it did on March.
Tips:
1. The RSI (1d) is what gives away the similarity between the two phases. Technically though, Bitcoin doesn't test the MA100 (1d) many times during Parabolic Rallies.
Please like, follow and comment!!
Notes:
Past trading plan:
On many metrics as well as the price action, it is following a pattern much alike the January-March.
That dropped further to the MA100 (1d) and MA200 (1d) before making a new rally to a new High.
Trading Plan:
1. Buy if the price crosses above the Invalidation trend line.
2. Buy on the MA100 (1d).
Targets:
1. and 2. 35000 which is a 12.40% increase from the previous High as it did on March.
Tips:
1. The RSI (1d) is what gives away the similarity between the two phases. Technically though, Bitcoin doesn't test the MA100 (1d) many times during Parabolic Rallies.
Please like, follow and comment!!
Notes:
Past trading plan:
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.