HustlersCircleFX

BTCUSD ENTERIES+EXITS. Consolidation state may be over HUGE PIP!

Long
BITSTAMP:BTCUSD   Bitcoin
With my easy strategy, I am covering both ways incase any situation like this happens. That simple! Simple Price Action strategy that covers both buys and sells so you can never miss an opportunity. Remember small losses for those big gains.

BTC has been consolidation for the past few weeks pricing in between 50k-58k. My opinion stays the same from a few weeks back when I stated that Bitcoin price may never be seen under 50k anymore and it is all bullish from here on out. So that is why I am going for long for this. But if price goes completely opposite to what I am stating, my strategy make sure that I am covered for that unexpected turn of events. Just keep it simple.

Look on my 'about me' or my bio for more information if you want to know how this works.

Message me if you want to know how to utilize my strategy. This can be used on any timeframe that you prefer.

When resistance breaks (red) enter for a buy

When support breaks (green) enter for a sell.

Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south)
Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south)
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.