Bitcoin, and crypto in general, can often be very volatile and finding a simple bitcoin setup that always works can be difficult.
But what if you can learn it by seeing it in action in a live trade?
In today’s trading setup on TradingView, we make a simple price action analysis combining three among our best crypto indicators:
By doing so, we are able to identify a very clear and simple trade setup on bitcoin.
Even if cryptocurrencies might be more affected by volatility than stocks or forex, we are able to play this trading opportunity very safely because the price action breaks down two major resistance levels, which means that the price is pushed to the downside and a very strong downtrend is very likely.