Bitcoin 1H TF Rounded Top and Measured Move Target

bitcoin rounded top and measured move target at $47292.61

Commento:

Short term scalp trade stopped out by fake out. PA flipped and broke out of resistance. I flipped into a short term long scalp with two new targets of $51995 and $53327 and a trailing stop. See recent post with those targets in title for my setup.

Commento:

Here is the link to the new trade. It shows the importance of using a stop. I was able to quickly get out of the bear trap, and flip into a new, highly profitable long.

“Be like water.” ~ Bruce Lee