BTC/USD - Nice Pitchfork trade - oppotunity for Double Top trade
Updated
Hello trader,
wisch you a nice day 💲
Smart Money ended this nice 5 wave move with a bad fakeout.
IMO we are hovering at the bottom of the double top, I'm going to trade the bullback SHORT!
Since we are way too far down for a decent correction (about 0.382 of the down move) I will be looking for a LONG at the 0.5 and Golden Zone!
I would like to mention that all I post are just options and my own opinion!
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks for reading my ideas!
wisch you a nice day 💲
Smart Money ended this nice 5 wave move with a bad fakeout.
IMO we are hovering at the bottom of the double top, I'm going to trade the bullback SHORT!
Since we are way too far down for a decent correction (about 0.382 of the down move) I will be looking for a LONG at the 0.5 and Golden Zone!
I would like to mention that all I post are just options and my own opinion!
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks for reading my ideas!
Trade active
Note
Set my position to breakevenTrade closed: stop reached
breaeven :/Note
BTC has hit the target of the range exactly, now we have to wait and see how things developNote
This upward movement was repeatedly supported by the 1h cloud....
Shortly we will get a sell signal
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You should know I play on LTF IMOTrade active
Cloud Verkaufssignal in 1h Cloud !Kann das iel noch nicht bestimmen, aber werde meine Short-Position früher als 0,382 schließen und nach Long ausschau halten.
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My position would be closed overnight in plusOption1 : Falling wedge breaks from targets 0.618 marked in white or
Option 2 : we stay in the range (in green)
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Looking at this post I see the channel has been right for many months....The breakout was also powerful and dynamic. Bears are sure to attack at 0.618
Bullish Option
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1D also looks bullish
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Bear option, but IMO things are looking better for the bulls.My Bearcount Idea is for the junk above 0786
Trade active
SHORTTrade closed: stop reached
small loss on LTFTrade active
HaS
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Bigger PictureNote
Note
I would like to mention that all I post are just options and my own opinion!Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
----but i let it run,yeah !!
Trade closed manually
Yess,man......good money
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