Setup Reasoning, this trade is aggressive but I'll take these odds. Knowing bitcoin it's going to hit take profit in like 20 minutes and never come back lol
.
BTCUSD LONG
-Trendline Break
-W Pattern on break ( double bottom shark )
-Ema's crossing
-Reacted off the buy zone
Entry& Stop Reasoning,
I'm looking for this shark to become a bullish 5-0
My entry is at the .5 fib of the impulse move and my stop is just below the .886 and a large clump of volume
Take Profit Reasoning:
I'm looking to treat this as an ABCD pattern , so my profit is at D. 11,500 should be a good spot. We might so price go further though into the 12's
.
BTCUSD LONG
-Trendline Break
-W Pattern on break ( double bottom shark )
-Ema's crossing
-Reacted off the buy zone
Entry& Stop Reasoning,
I'm looking for this shark to become a bullish 5-0
My entry is at the .5 fib of the impulse move and my stop is just below the .886 and a large clump of volume
Take Profit Reasoning:
I'm looking to treat this as an ABCD pattern , so my profit is at D. 11,500 should be a good spot. We might so price go further though into the 12's
Note
1'd like to add that 11,000 might be hard to clear, watch that area too
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Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.