BlueNotebook

Bullish SWING FAILURE PATTERN

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BlueNotebook Uppdaterad   
BITSTAMP:BTCUSD   Bitcoin
Hey fellas, hope you are doing well, here is my review on Bitcoin.

Btc formed a perfect SFP (swing failure pattern) as we made both ingredients, for BULLISH SFP true.

1) MARKET FORMS NOTICEABLE/KEY SWING LOW (red cirlce)

2) MARKET TRADES THROUGH THE SWING LOW BUT CLOSES ABOVE IT (blue circle)

This pattern is a strong bullish signal. I have no doubt that we'll be seeing more green in the upcoming months!


Wish you all good trading, do your own research before make any calls.

Kommentera:
As you can see that was a good zone for long position and we are currently sitting on 25%+ ROI. Still think we'll be seeing more green until the end of this year and strongly doubt that we'll retrace under 6k anytime in the near future.
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