HELLO, MY DEAR READERS TODAY I COME TO SHOWS IN THE BITCOIN A FIGURE THAT IS TO BE CONFIRMED KNOWN AS A DOUBLE FLOOR PATTERN.
First of all, I think it is important to highlight that the double floor is a medium to long-term trend change pattern that will not be formed in a few days. Although it is possible that your training is in a few weeks, it is preferable to have at least 4 weeks. The double floor has its stages, so patience can often be a virtue. We must give the employer time to develop and look for the right clues:
Analysis
As shown in the figure this pattern is confirmed and the first thing to note is that an important rule of this figure is being fulfilled in which we are told that the volume of the first point P1 must be greater than the volume in P2 and that is precisely what is happening.
Now in such a volatile market one of the best strategies for profit taking is to go trading in the short, medium and long term.
What to do now?
THE RANGE OF PRICE IN SUPPORT S1 TO MY WAY OF UNDERSTANDING BEING TAKING IN THE $6800 AND $6200
Wait until this pattern is completed and enter into operation at $ 7200.
Place a stop loss at $ 5800. (a golden rule in trading to take care of our capital)
Finally, be patient and take benefits from a T1 (20%), T2 (40%), T3 (60%), T4 (80%) and T5 (100%) in this exercise.
Remember that in R1 (resistance) around $ 11500 if this figure is fulfilled a pullback must be formed to go to the final objective of the figure that would be the $ 16,000.
Today, April 1st, we are one of the first to announce this figure that is forming, and give them a possible scenario to obtain benefits.
In the past we have oriented on several occasions, with several of them successful in their entirety however for any trader this is not predictable at one hundred percent. these are only guidelines that each of you must analyze before taking your risks.
I hope this article will help you, in this blog you will find relevant information regarding this world of cryptocurrencies therefore I invite you to read my other articles you will surely find information of interest to you.