BTCUSD - best to wait a bit for a possible breakout

4月29日

If you are not already long on BTC, I would suggest exercising some patience. As my trendline indicates, we have had a few recent attempts to break higher. We have no idea if we will get that breakout or will price decline again. My approach would be to wait for a daily candle that closes above the trendline.
If that happens, I would place a pending long trade above the high of that breakout candle, stop placement below the recent swing low and 1st target at the round number 100,000.
Depending on the price action, a second target around 107,000 also looks possible.

This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!

It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros

5月1日

交易开始

Price broke above the trend line with good momentum. A few options - wait for the daily candle close and place a long trade above its high; if a pullback happens, wait for bullish continuation to take a trade.
I have been long already for a few weeks and will look to add another position when a pullback happens.
Good Luck!!