BTCUSD index: Buy dips, sell partially on rallies, rinse/repeat
Updated
The BTCUSD index chart here depicts an interesting price pattern, a cup and handle in the making.
This pattern usually is powerful, specially when the signal coincides with a 'Time at mode' trend signal and is coherent with all the technical and fundamental observations we can make here.
I don't personally use it for trading decisions, but it's certainly visible, specially if you look at the highest daily lows, and lowest daily highs on chart (refer to my educational piece for info on how to use that information).
The weekly time at mode setup is shown in the related idea below, as well as my trade calls posted here lately.
Cheers,
Ivan Labrie.
This pattern usually is powerful, specially when the signal coincides with a 'Time at mode' trend signal and is coherent with all the technical and fundamental observations we can make here.
I don't personally use it for trading decisions, but it's certainly visible, specially if you look at the highest daily lows, and lowest daily highs on chart (refer to my educational piece for info on how to use that information).
The weekly time at mode setup is shown in the related idea below, as well as my trade calls posted here lately.
Cheers,
Ivan Labrie.
Note
Holding.Note
We can buy more on dips if it drops next, probably good to take some profit on margin longs if you have them. Up 27 usd since posting.Note
On track.Note
Here we go!Note
Since we're holding above resistance, we have good odds to see the breakout after this pause. Hold longs.
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