#BTC Bitcoin Daily Time Frame edge-to-edge trade over the next few days

in #btc6 years ago (edited)

Please follow me on twitter: @cryptopeek

Summary

There is a potential edge to edge trade on the BTC daily chart. 

This trade might take days and might not even come to fruition.

An edge to edge trade occurs when you have the following:

1. Price enters the cloud and closes green within the cloud

2. You have a golden cross

Price will be attracted to the flat side of the Kumo, thus, you now have a target. If price breaks out of the cloud, great, you can keep on riding the trade until we see a bull fractal and other indicators signaling we should close. If price bounces off the Kumo ( a resistance), I would close the trade.

I recommend opening trade later and closing early rather than waiting until we hit the top of the cloud.




Here is an example of an edge-to-edge trade on the 1HR time frame. We want to see similar trends on the daily.



Outcome

Potential >12% gain.


 Legal Disclaimer: I am not a financial advisor  nor is any content in this article presented as financial advice. The  information provided in this blog post and any other posts that I make  and any accompanying material is for informational purposes only. It  should not be considered financial or investment advice of any kind. One  should consult with a financial or investment professional to determine  what may be best for your individual needs. Plain English: This is only  my opinion, make of it what you wish. What does this mean? It means  it's not advice nor recommendation to either buy or sell anything! It's  only meant for use as informative or entertainment purposes.  


Coin Marketplace

STEEM 0.30
TRX 0.11
JST 0.031
BTC 69430.02
ETH 3814.93
USDT 1.00
SBD 3.66