Bitcoin has been doing really well, especially after the election concluded.
We’re really seeing some strong bullish momentum here with no sign of slow down.
In fact, a bullish rejection candle printed on the 8 hour chart with the trend, showing strength off a higher low.
This generally the golden standard way to trade price action, get involved with the trends and look for signals with the momentum.
If this signal follows up, it should be an easy 3x reward.
Bitcoin To the Moon…
Yeah this was a good trade, a few hours later we got a pop to the upside.
The follow through after that was intense and was well enough to reach 5-6x.
These kinds of explosive moves can really make scale in strategies produce insane returns too.
Nice easy trade, I wish there were more trends with this level of energy this year.
Hope you all got paid. Best of luck on the charts until next time.
Per Olof Sweden
Hi Forex Guy,
Hope all is well with you and your family during this crazy corona times. I have not seen anything publish by you this year of 2021. You have the most beautiful charts in the industry, so clear and only with the most important information. I really miss looking at your charts and trading style. Hope you come back soon.
Kind regards,
Per Olof from Sweden