Get started
kshitij_libra

Backtest the breakout, expecting c wave up. Tight stop loss

Long
Bitcoin (FTX:BTCUSD)  
kshitij_libra Updated   
FTX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Wave Analysis tradesetup
6
2
trendanalysis chartpattern waveanalysis tradesetup
Taking a calculated risk here.

Assumption: This is a backtest of the breakout above resistance. Start of the W-C up should be in place shortly. Taking trade with 2x Lev to upper end of resistance channel.
Stop loss: Once the triangle support is broken.
Trade closed: target reached
Comment:
C-wave and resistance right above. :popcorn:

Related Ideas

kshitij_libra
A retest of the break ? BTC Volatility head
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.