tRex88
Long

BITCOIN BUY setup

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Buy BTCUSD above 3785 upon breakout

T1: 3870
T2: 4000
T3: 4120
T3: 4290

SL: 3680
Trade active
Trade closed: target reached: T1: 3870 achieved
Comment: Trail SL to 3845
Comment: Trailing SL to 3845 after observing a double top with bearish divergence

Comment: Forming ascending triangle.
We still maintain our trailing SL at 3845 after observing a double top with bearish divergence

Comment: T2: 4000 achieved
Trade closed: target reached: T2: 4000 achieved

Trail SL to 3940
Comment: Missed T3: 4120 by $20.
Made a high of $4100 so far
Trade closed: target reached: T3: 4120 achieved
Comment: Trail SL to 3980
Comment: Missed T3: 4290 by $20
Made a high of $4270 post breakout
Trade closed: target reached: T3: 4290 achieved

ALL TARGETS HIT
Comment: formed an inverted head and shoulders and given a breakout. We can expect it to go up to $4350

Comment: As expected it made a bullish move and made a high of $4347.20 very close to our expected level of $4350
Comment: Made a high of $4349, $1 away from the expect level. However we did not have any position and booked complete profit at $4290
@tRex88 which broker and exchage in india offering Bitcoin trading please suggest, thanks in advance
+2 Reply
tRex88 dasAbhishek
@dasAbhishek, Sir, I appreciate your interest in crypto currency trading. Unfortunately due to TradingView house rules I am unable to name any exchange or broker here as it would be considered as brand promotion and I might get blocked
Reply
Hi @tRex88 can you please explain as per which indicator you could predict that it was going to br a breakout?
+1 Reply
tRex88 arkims343
@arkims343, Sir, did not use any indicators here. Its purely based on price action and chart patterns.
Reply
@tRex88, Hello Sir,
It would be good if you answer @dasAbhishek question
Reply
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