fondiea

If it switch to uptrend, is it really going upright?

Long
fondiea Updated   
BITFINEX:BTCUSD   Bitcoin
We shall not regard bitcoin as a special one.


In that case, even if it change to uptrend, the range is included once.


If the current situation is that part,
Currently I think that we can look at Long: Short = 50: 50.

Most recently, I aim at trading using MPP (R1).


<< tactics >>
When MPP (R1) 7613.0 functions as a resistance line, short entry is done.

The first limit is 7500
The second limit will be decided by WePP next week.
The third limit is 7000


I would be grateful if you like it idea,give me follow or agrees!

------------------------- <Legend> --------------------------
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thick line: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red thick line: Untrustworthy line for me

Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close

x mark: Line which may not function
------------------------- <Legend> --------------------------
Trade closed: stop reached:
It took a stop.
But I have also lowered it.

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.