Bitcoin is looking for another All Time High (Stream inside!)

In this trading idea we are looking at the Bitcoin price on the 1H chart. According to my previous ideas, the Bitcoin price tends to move in very simple patterns with high volatility in between. While the price is moving in an uptrend, we will increase our long positions during the retracements and consider to take profit when sellers appear on resistance areas.
The whole idea is explained in the Stream below - feel free to check it out.

https://www.tradingview.com/streams/ot7kABXnU14G-nNED1d9R

Kommentar:

Previous Idea

Kommentar:

This idea is a great example of how retracements shape differently. This scenario turned out to be a Bull-Flag

Kommentar:

Three weeks ago we were looking at the price moving in a Symmetrical Triangle

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