Good Entry for BTC
Updated
We are looking a good consolidating pattern for BTC. It seems to have exhausted the current bearish movement. Stoch RSI is showing oversold signals, and the minor ABCD in lower timeframes have been succesful CURRENT $10.400 Levels seem to be holding.
We are Green on hitting a C At the 1.618 level
We are green on Stoch RSI for trigger
We are green on Candlestick formations indicating bearish movement exhaustion
We have yet to see the confirmation of a clean Countertrendline Break in the hourly Chart in order to commit.
If you are In STAY IN.
If out, WAIT FOR THE CONFIRMATION OF THE COUNTER TREND LINE BREAK to proceed with confidence.
It is becoming a good entry but we've been fooled before so wait for final PA Confirmation.
We are Green on hitting a C At the 1.618 level
We are green on Stoch RSI for trigger
We are green on Candlestick formations indicating bearish movement exhaustion
We have yet to see the confirmation of a clean Countertrendline Break in the hourly Chart in order to commit.
If you are In STAY IN.
If out, WAIT FOR THE CONFIRMATION OF THE COUNTER TREND LINE BREAK to proceed with confidence.
It is becoming a good entry but we've been fooled before so wait for final PA Confirmation.
Note
Please open and read above Article. Then Come back and tell me it will drop to 5k!!Cheers.
Note
Still not a clear breakout. Please be patient and wait for the next hourly candle with momentum to jump in. If it fails then DON't get in.If the breakout is clear then the entry is at the beginning of the Next hourly candle after the break.
Put your SL at 10% of the lowest low of the U-Turn.
Hopefully, this will bring us a nice profit.
Note
Note
This could be a potential reversal in the making. Hopefully the test won't fail and we could get a good rebound in the current minor swing.Trade closed manually
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