mdyassink

BTCUSD Excellent Trading Opportunity Within Ascending Channel

Long
mdyassink Updated   
BITSTAMP:BTCUSD   Bitcoin
After the beautiful inverse heads and shoulders pattern played out in what I believe was the bottom and we are not coming back here again, at least not in the near future at least till this ascending channel price movement pattern has played out. Good luck everyone and trade safe always!

There are also other major signals of 50EMA crossing the 100MA and the 12-day weekly average turning bullish very recently about almost the same time as the bottoming out pattern and reversal. Nothing is 100%,always with good risk management for every trade no matter how bullish or how many bullish signals you get.
Comment:
ETHUSD doing exact same thing too with an ascending parallel channel. Means this is a healthy uptrend, there is much more to come in this uptrend. Hopefully.


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.