topvaluestaking

BTC Symmetrical Triangle

BITFINEX:BTCUSD   Bitcoin
Watch for breakout of the triangle
Comment:
I prefer to see a breakout with high volume before I take a long trade.
Also I do not short this market, if there is a breakout to the downside I m looking for the 8k area for possible buy opportunities
Comment:
Seems like the triangle is broken but there is no volume on the market. I ll keep watching the 11800. I need a close above that level to take my long trade
Trade active:
Target 13800$
Stop loss 10200$
Trade closed: stop reached
Comment:
Sorry for the delayed update. My stop loss at 10200$ reached few days ago

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.