After the correction, the impulse would push it break the last high. https://www.tradingview.com/x/rcv1MKID/
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https://www.tradingview.com/x/Sfbmfe71/ Now it takes off. Cheers all!
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Trading Crypto Coach
BTCUSD continues to have an uptrend structure and signal candle on H4 just appeared at the supporting level. It's good sign for bullish. And this sure lifts up all other Altcoins
Exit the BTC and change the view to be bearish as price closed below the key resistance level.
BTCUSD is on a clear uptrend on D1 chart and would reach the next target at 60k-61k level. However, you need to look for entry on lower timeframe for a good positioning. https://www.tradingview.com/x/LRZLQ2sz/
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Trading Crypto Coach
Be careful with some current structure of market in short-term
Hope you all got it or at least did not burn yourself.
My new quick view on BTC: https://www.tradingview.com/chart/BTCUSD/vjK0KZYI-BTC-Bottom-forming/
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BTC - Bottom forming? for BITFINEX:BTCUSD by DatTong — TradingView
BTC is making bottom around 41,000 level for several times. This presents a good RR trade provided that it succecced at least 5 times at this level.
How we trade this? If the current H4 closes as a Outside bar (candle) that cover the last bearish H4 candle, then we can think of a Buy whenever the next candles make a correction.
If the current H4 candle closes as a bearish candle, then just leave it.
Most of the time, patience would pay back, don't jump in because you think you need to jump.
Trading Crypto Coach
My new quick view on BTC: https://www.tradingview.com/chart/BTCUSD/vjK0KZYI-BTC-Bottom-forming/
Some updates from the article
I think BTC would reach its temp peak more or less around 59-60k, altcoins gonna sideways during this time till BTC goes sideways after reaching the year's peak. So, it's time to position well if you trade Altcoins.