ATOM.BTC(Y20.P3.E2).Breakout from Macro structure
Updated
Hi All,
~~~ a continuation from the previous post, link below ~~~
Another one I have had my eyes on but with all the things that were happening, I missed the bottom but how many trades can you take?
Having said that, I missed out because I had others on the go and in some cases better trade setup.
Having said that, today's list is shorter and this one stands out for going long.
Observations:
================================================================
> On the daily, indicators are bullish (eg MACD where the macd line and signal are wide).
> The macro structure is a of Descending (top declining, bottom flat or bottom rising and with a breakout (reversal structure)
> 12 HRLY looks good with the indicators and candle sticks
> 30 minutes we had 2 touches to retest the resistance line (chart below) which was the inverted barr target
How to trade this?
> wait for consolation below the current resistance line and look for a bullish candle on the 4 hrly or 8 hrly
> refer to my 30 min chart with the 21/34 ema
30 min. chart > we had 2 touches to retest on the resistance line
Please give me a like or tick for this post.
Regards,
S.Sari
8 HLRY chart with clearer overview
DAILY chart > macd and WT indicators crossed over for bullish turn
4 HRLY chart, looking for another retouch and hence place your orders there
PREVIOUS POST
~~~ a continuation from the previous post, link below ~~~
Another one I have had my eyes on but with all the things that were happening, I missed the bottom but how many trades can you take?
Having said that, I missed out because I had others on the go and in some cases better trade setup.
Having said that, today's list is shorter and this one stands out for going long.
Observations:
================================================================
> On the daily, indicators are bullish (eg MACD where the macd line and signal are wide).
> The macro structure is a of Descending (top declining, bottom flat or bottom rising and with a breakout (reversal structure)
> 12 HRLY looks good with the indicators and candle sticks
> 30 minutes we had 2 touches to retest the resistance line (chart below) which was the inverted barr target
How to trade this?
> wait for consolation below the current resistance line and look for a bullish candle on the 4 hrly or 8 hrly
> refer to my 30 min chart with the 21/34 ema
30 min. chart > we had 2 touches to retest on the resistance line
Please give me a like or tick for this post.
Regards,
S.Sari
8 HLRY chart with clearer overview
DAILY chart > macd and WT indicators crossed over for bullish turn
4 HRLY chart, looking for another retouch and hence place your orders there
PREVIOUS POST
Note
I made a slight oversight. I havn't seen the sloping trend retested and hence its likely this slope will be retested before the next leg up.Again, using the 8 hrly for a bullish candle at this point.
Note
Still looking positiveNote
slow progress but its doing fineTrade active
It looks like a strong resistance on the weekly candle stick area.I have flipped some days ago to BTC and when this level is broken, I will jump back in.
Trade closed: target reached
Updated my chart, not much change and the level as to why its stuck, its not that obvious.Note
chart adjusted with targets etc and lesson learnt
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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