Elementary Strategies of Bitcoin Trading — Part 2: Price action trading
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They are not in any order of value or strength. I even tweeted about this ahead of time. Where are they now? Bitcoin Price Action Analysis Looking at the chart below, you can see where the crypto currency started, and where it is now.
Do I think the price action is exhaustion? In parabolic, or exhaustion price action moveseach successive leg climbs faster, higher or both and will have a steeper angle on each impulsive leg up. This has to do with an acceleration of order flow as more players from institutional to retail move in. So all 3 impulsive legs up bitcoin price action trading bigger in price moves each time.
Where do I think bitcoin is going next year? If we get that major crash, it could be bitcoin price action trading before it makes new highs. ST Price action context: After breaking a multi-year support level around 1. After spending 3 weeks holding the key level, the pair has surged and is now holding for over a month above the weekly 20 EMA.
All of these signs point to IMO more bullish prices for the pair. When I look at the current trend and price actionI see a clear bull trend with expanding volatility. Course members will recognize the UVT and what that bitcoin price action trading in terms of bitcoin price action trading order flow behind the market.
Then check out my Advanced Price Action Course where my members got a full video breakdown of my other top trade ideas for In that video, I discuss the price action contextkey levels, trend bias, potential entry points and price targets. Course members also get access to my member market commentary x per weekaccess to the private member trade setups forumtrader quizzes, bitcoin price action trading member webinars and a free skype follow up session with meso quite a lot.
I hope you enjoyed these trade ideas and hope to see you in the members area soon. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action and the Ichimoku cloud. As a trading mentor, I have one goal: Want to improve your trading edge and mindset? Check out my trading courses here. I am new to the study of trading and price action.
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Chris Capre Verified Profitable Trader. You Might Also Enjoy. Np, glad I could help. A Forex Trading Mindset Lesson: What Builds Confidence in Trading? Fixed Dollar Amount Which is Better? Reactions to Stress in Trading Engagements. Frustration Leads to Learning 86 Engagements. Forex Strategies Featured Previous Next. April, 5th - By Chris Capre. Need To Improve You Trading?
