How To DOUBLE DIP the BITCOIN BREAKOUT

Good morning, traders. We can see Bitcoin has broken out as we were talking about the last few days. Everybody on the street is talking about how Bitcoin is going to break out, but in this video, I'm going to talk about how to double dip and make more Bitcoin off of the forex markets.

I'm just going to jump right into this and go right to the TA section. I trade the Forex markets over on SimpleFX.

Dollar Index is topping out. What I did is I shorted the Canadian dollar, and I think that the Canadian dollar chart is going to be dropping significantly from here.

I also shorted the Japanese Yen with some nice ones right up at this double top. It looks really good for these markets to make a significant move as the US dollar Index is sliding.

So here are my trades over on Simple FX where I went short up on the top, had to hold through some noise. I went short again, and I had to hold through some noise, but at these top levels, I'm just going to hold it now.

Now that I'm in this position, I want to see just where does this go. The other trade that I have on is the Canadian dollar, where I shorted that top up there. That's the one-two-three top formation in a larger three touches of death, so that's a major trend change pattern.

And to get a short position there is fantastic. It's a lot of work and kind of a little luck, but now this is setting up for me to watch for stage four of the trade.

Now, stage four of the trade in either one of these is going to be something similar.

It's always the same pattern. It's going to come down and test, then it's going to come up and test, and that's where I want to watch for the next add-on in these trades.

So, it might take a while. There's nothing for me to do though, so that's okay.

And as it comes up, if it does that, then I have my strategy already. If it continues and does something else, I'll watch and I'll report on that. But I wanted to share this because I'm growing my Bitcoin as the US dollar Index is changing direction.

So, I could grow my Bitcoin just by holding it, and that's a good idea.

But if I'm holding my Bitcoin and I can safely put on a trade that helps me grow my Bitcoin, I think I'm double dipping, and I'm going to make a fantastic profit off of this change in US dollar Index Direction.

I hope this has been helpful for you. Leave us a thumbs up, subscribe, you know all the routine.

I'll see you on Discord, trade safe and keep those losses small.