LeeBit

bigger triangle? or fall to 41300? i think it is whipsaw.

Long
LeeBit Updated   
BINANCE:BTCUSD   Bitcoin
bigger triangle chart pattern? or fall to 41300?

The next 4 hour candle will decide.

as you see, small triangles target point is 43700(tp1) and 41300.(tp2)

i bought position short at 45400.( below small triangle test line)

and l just chaged position to long at 43800.(tp1)

if next 4 hour candle is green and above 44200,The price is likely to rise to 46800 ( top line of the big triangular chart)

if next 4 hour candle is red and below 44200, i predict price is likely to fall to 41300. (tp2 of small triangle chart)

so i have position long at 43400 and wait next candle.

stop loss 43500.( i think if price go below 43500, then next 4hour cadle is likely red candle.)
Comment:
and price go back to 44200.
I still have the long.
and wait next 4 hour candle. if candle is below 44200 i sell long position.
if candle is above 44200, i hold it until stop loss.
Comment:
stop loss
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.