Bitcoin 1H TF Rounded Top and Measured Move Target

Dec 23, 2021

bitcoin rounded top and measured move target at $47292.61

Dec 23, 2021

Note

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.

Dec 23, 2021

Note

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