Hello everyone! Wellcome to my first ever idea on Trading View.
BITCOIN has been quite confusing lately but I can assure you it is not that complicated.
Looking at the 2H chart, we can see a bull flag inside a BIG bear flag. But in this post, I will not talk about long term view. I usually only do day trading or swing trading because patience really isn't my strong suit. Currently, BITCOIN is moving inside that triangle and it will take 1 to 2 days to breakout of that triangle. It could go both ways but I think the chance of going up is 60%.
So in a few hours, I think the price will go down to the 6k6 level but it will bounce up quickly to the upward side of that triangle.
I have opened a SHORT position:
Entry: 675x
Target: 66xx
Stoploss: 6777
I will update this post when my position close.
BITCOIN has been quite confusing lately but I can assure you it is not that complicated.
Looking at the 2H chart, we can see a bull flag inside a BIG bear flag. But in this post, I will not talk about long term view. I usually only do day trading or swing trading because patience really isn't my strong suit. Currently, BITCOIN is moving inside that triangle and it will take 1 to 2 days to breakout of that triangle. It could go both ways but I think the chance of going up is 60%.
So in a few hours, I think the price will go down to the 6k6 level but it will bounce up quickly to the upward side of that triangle.
I have opened a SHORT position:
Entry: 675x
Target: 66xx
Stoploss: 6777
I will update this post when my position close.
거래청산: 타겟 닿음
코멘트:
Staying flat for now. Will open my LONG when BITCOIN fall back to 6k6 level. Target 6k9
Now I think BITCOIN will fall back to the lower trendline of that triangle for a retest and then will move up to the upper trendline to test the 6k8 level.
Please also check my MID TERM view for BITCOIN here: