MaPaC

BTCUSD small triangle on the 15min + long term s/r

MaPaC Updated   
DERIBIT:BTCUSD.P   BTC Perpetual Futures Contract
Scalping opportunity on the 15 min.. Triangle seems to be respected. Due to the massive Bull run I would lean towards breaking the red support line which can be traced back to October. We shall not guess the market tho. So I can see a bullish and bearish scalping opportunity here. The bearish move could be the beginning of the long overdue correction to the downside, meaning, it could pay off to keep that position a little longer.

No financial advice, just my opinion.
Trade closed: target reached:
Target reached..again. Man I should really be a millionaire by now ;) Look at my other ideas too, I'm right a lot.

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.