I charted these lines on 9/6/2018, and Bitcoin is following my analysis to a T where it is ranging in this triangle. Ideally I want to see it break out past $7400 with conviction before I start to believe in a long term bull run. Until then, this very well could be a lower high and we could see Bitcoin break the triangle bearish.
How I plan to trade BTCUSD:
Stack buys around $4800-$5200
Buy on breakout if price breaks above $7400. If BTC breaks $7400 I expect a nice run all the way up to $8500.
About me:
I am a professional trader with over thirteen years of trading experience. I am fortunate enough to have had the opportunity to retire at age thirty, and I now trade for pure amusement. I love the crypto community, and would like to further flourish within it by helping any newcomers learn to trade and invest. If you found this chart helpful, please give it a like and follow me on Twitter.
Thank you,
Mike, the OMEGA Trader
How I plan to trade BTCUSD:
Stack buys around $4800-$5200
Buy on breakout if price breaks above $7400. If BTC breaks $7400 I expect a nice run all the way up to $8500.
About me:
I am a professional trader with over thirteen years of trading experience. I am fortunate enough to have had the opportunity to retire at age thirty, and I now trade for pure amusement. I love the crypto community, and would like to further flourish within it by helping any newcomers learn to trade and invest. If you found this chart helpful, please give it a like and follow me on Twitter.
Thank you,
Mike, the OMEGA Trader