#BITCOIN - Trading Plan inside Ascending Channel

Please, support the idea by clicking LIKE button. Thank you very much!

The previous idea with ascending channel is still valid. The main thesis of SHORTing Bitcoin after support's breakdown is actual. In this idea we want to consider a more detailed picture - Trading Plan inside Ascending Channel

First of all, we took a bold decision and draw an arrow to $10570. Why did I call it "bold"? Because as long as we stay below the $10000 point, the priority remains downwards.

So, why do we think that the $10000 resistance will be broken? There are several reasons:

• The third approach to resistance is usually the last, cause at the third time the resistance is usually breaks
  
• Downward rollbacks are weaker and weaker with every new one
  
• The price formed an ascending triangle which should be broken upwards
  

TRADING PLAN
1 Step: Break the $10000 resistance and go upward to $10300 using the fuel from triggered stop losses
2 Step: Re-test of the broken $10000 level and make a new wave upwards to $10570. This level is a cluster of two important Fibo levels.

What do you think about my idea? Are you agree or disagree? Share your thoughts and critics in comments!

Comment:

Bitcoin still has time to break through the resistance. This dump just postponed things which were described in this idea. The main thing is to be in hurry here. If the price continues just going to the right without any significant movements, we will break the support of the ascending channel by the end.

The last dates are 25.05 - 26.05, if $BTC doesn't pump until these dates, the upward scenario would be cancelled.