• Vasily Trader

BITCOIN (BTCUSD) Trend Following Trading Plan (Trading Plan)

BTCUSD is retesting a trend line that it broke last week.

To catch a bullish continuation from that, I would recommend looking at a falling wedge pattern on 1H chart.

While the price is inside that, it remains in a local downtrend.

However, once its resistance is broken, bullish impulse will most likely follow.

Your task right now is to be patient and wait for a breakout with a candle close above.

Then long can be initiated on retest or aggressively.

Potential goals: 36.000 / 38.000

Good luck!