BTC-USD| LONG SETUP|BULLISH CONTINUATION| ONE HOUR ANALYSIS
1) After a noticeable bearish rally, BTC-USD has started to move in a bearish direction. It is clear from the one hour chart analysis that this Crypto Instrument has started its advancing movement with no sign of Divergence at current price level.
2) Also, it is making an Ascending Channel Continuation Pattern as well as there is no appropriate reversal pattern formed to indicate any possible reversal of the instrument.
3) In this manner, this trade setup is designed to capture the Long Trade opportunity for BTC-USD pair. The projected price is given in dashed line whereas Risk is set to 2% of the total capital on this Trade.
2) Also, it is making an Ascending Channel Continuation Pattern as well as there is no appropriate reversal pattern formed to indicate any possible reversal of the instrument.
3) In this manner, this trade setup is designed to capture the Long Trade opportunity for BTC-USD pair. The projected price is given in dashed line whereas Risk is set to 2% of the total capital on this Trade.
Comment:
CORRECTION: 1) After a noticeable bearish rally, BTC-USD has started to move in a "BULLISH" direction.
Trade closed: stop reached:
Trend got reversed after entry..Trade Closed