BitcoinLong
Ascending Triangle, Seeking long if price action drops to 8250
If price action drops to 8250, I will take this opportunity to enter a long position.
Price action has had fairly low volatility today with no huge moves. Has been adhering to the ascending triangle structure thus far with multiple touches on both sides.
I would take off half the position if price can go to 8350. For the other half, I would monitor whether the price action can break the resistance around 8400 level. If it can't, I would take the remaining position off.
Stop loss would be 8150.
Ladies & Gents, not financial advice
Price action has had fairly low volatility today with no huge moves. Has been adhering to the ascending triangle structure thus far with multiple touches on both sides.
I would take off half the position if price can go to 8350. For the other half, I would monitor whether the price action can break the resistance around 8400 level. If it can't, I would take the remaining position off.
Stop loss would be 8150.
Ladies & Gents, not financial advice
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.
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.