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Valeriia_Top
May 22, 2020 5:34 AM

BTC/USD - triangle of uncertainty.  Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

The idea from May 11th is in action. I make sure that trading on daytime timeframes is less inaccurate.
tradingview.com/chart/BTCUSD/maOQe90O-BTC-USD-Was-the-10k-peak-of-this-up-trend/.

Now we've been triangled.
We're standing at $9,000.
You can try the local long, with a stop loss per level. (drop correction.)
Or wait for the classic triangle breakdown and fixation.
I'm watching more for the downwards movement.

Yesterday's shorts paid off 100%.


Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!

Comment

for crypto fanatics, a sip of fresh water:
Comments
dragansimic171111
Will it pass 9200,9250,or go for lower support first, THANKS.
Valeriia_Top
AminHa4
Umm
In my idea daily chart wants to up.
Because:
1: we are in a up trend channel
2: as you said, we are in a ascending triangle
3: macd is strong (for now)
4: rsi is more than half ... (And its normal it broke last Hh a few days ago)
So, in daily chart I can say that we are going up ... but in lower time frames ? Nope we are gonna stay in 8500 ~ 9k for a while
Thanks about your idea.
This is my daily chart

Valeriia_Top
@AminHa4, thank you for the idea)
Valeriia_Top
@Valeriia_Top, what position are you in now?
Shaila-akter
Keep it up...
Valeriia_Top
CryptoCheck-
Valeriia_Top
@CryptoCheck-, nice analyze
CryptoCheck-
nice idea
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