I placed 2 trades overnight based on the triangle pattern seen on the 1 hour chart. Both have been stopped out on the recent upward price run. The triangle pattern is intact until the price starts to probe and test overhead resistance. I will stand aside and wait for a reversal pattern / signs of exhaustion of this recent price spike. Or maybe resistance is futile and the price heads back towards former highs?
The purpose of this blog is to help you discover how to trade Bitcoin safely. Bitcoin prices are volatile and unpredictable. For newbie traders, this makes trading Bitcoin difficult and losses very likely. By learning about trading methods and systems, you can discover how to reduce the risks of trading.
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