Hello friends, the price of Bitcoin (BTCUSD) is supported by the MA 50 on the daily & intraday charts.
As you can see on the right chart (1H timeframe), the price broke the resistance line (highlighted in orange)
and is now aiming for a higher high.
We place our order accordingly, with a Stop-Loss slightly below the previous low and our target
located slightly...
Hey there,
I will say, that compared to so many on this platform, I won´t dive into all these technical indicators this time and will keep it very simple, yet so much more exciting.
So we have been consolidating between 6000 and 8000$ for a few weeks now and had mostly sideways price action.
On this chart you see trend-based fibonacci extension using the past...
* Above Ichi and EMA
* Highlight signal candle
* Entry on ATR above it (long entry)
* Stop on prev candle's close, still inside the signal candle's body
Thoughts on how you'd set this up? Thanks
