Bitcoin has been forming a rising flag for the past few days, reaching its new year high at 39,000.
I am anticipating that the price will rebound from this HH, and the formation of the rising flag might be a strong indication of a bearish pullback.
My entry point for this trade is 38600, SL at 39000, and TP at 37600 as the R:R is 1:2.
Remember, only risk 1-2% of your account.
I am anticipating that the price will rebound from this HH, and the formation of the rising flag might be a strong indication of a bearish pullback.
My entry point for this trade is 38600, SL at 39000, and TP at 37600 as the R:R is 1:2.
Remember, only risk 1-2% of your account.
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Ranging markets!Trade closed manually
Well, we have to cancel the pending order.
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Related publications
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.