Bitcoin Today potentiel trade
Bitcoin recently likes to form those kind of triangle pattern just after a pull back and then break them to the upside after hunting some stops.
So I will wait for this triangle to mature and take the trade on the support if it touch it or on the breakout which will probably happen at US NY open.
So no rush here, just wait a few hours and we will know what to do. If it doesn't happen then we will set aside and watch for something else.
If it breaks to the downside which is very unlikely, I will just wait and not buy the dip instantly as this would be very bearish.
Right now still very bullish so I don't take any short, only long. Long and strong haha
So I will wait for this triangle to mature and take the trade on the support if it touch it or on the breakout which will probably happen at US NY open.
So no rush here, just wait a few hours and we will know what to do. If it doesn't happen then we will set aside and watch for something else.
If it breaks to the downside which is very unlikely, I will just wait and not buy the dip instantly as this would be very bearish.
Right now still very bullish so I don't take any short, only long. Long and strong haha