The Green Box is the buy zone holding a tight stop loss below it. The Red box is my short term target. This is based on the 4-hour chart RSI oversold at the neckline and at a higher level at the head of the pattern, around $9500. This is my plan and not financial advice
Note
Buy Zone: $10,000-$10,500Target zone: $13,000-13880
SL: 9800
Trade active
Note
Wicked down on bittrex, will sell and re add since other exchanges aren’t showing the drop yetNote
The price made it to the bottom of my sell zone, where the technicals were showing bearish divergence. Unloaded my Btc at 13100 and re-entered the trade shortly after at 12,000Note
New Target: 13,700 - 14,100Trade closed: stop reached
Set higher stop loss earlier at 11,400
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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.
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.