Going LONG in Bitcoin, without any indicators.
After a clear Cup & Handle in Bitcoin usdtether 1-min , I made an entry and looked for potential exits by looking at past performance.
Then after identifying an intermediate uptrend I holded my position for 30-mins and exited completely when the price hit a new 5min
high. it turned out to be a right decision as the rally lost strength and ended up in a short term drop. Although I suspected the price to bounce right back up , but didnt enter another trade. This was a very basic setup and simple logic, therefore i didnt used any indicators. Thanks for reading . Happy Trading !!!!
Then after identifying an intermediate uptrend I holded my position for 30-mins and exited completely when the price hit a new 5min
high. it turned out to be a right decision as the rally lost strength and ended up in a short term drop. Although I suspected the price to bounce right back up , but didnt enter another trade. This was a very basic setup and simple logic, therefore i didnt used any indicators. Thanks for reading . Happy Trading !!!!
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