After our U$ 2.5k trade, what's next?
So, after our last trade on BTC, it went up about U$ 2,500 and we already realized our profits. We did catch that last bull trend, which started on April 22. If you missed it, you can check it here and follow me to keep in touch with our trades.
Last trade on BTC, triggered on April 22:
But what about now? As I said in my last analysis, since we’re out we’ll wait for another sign, could it be bullish or bearish, don’t matter. For now, I can you that the price is doing that typical move after a strong trend - it gets “sleepy”. Could be a sideward movement, very common in accumulation or distributions, or we still could see a pullback here, after all, BTC could drop all the way down to U$ 7,500 without spoiling the bull trend. Honestly, I’ll consider buying back if it drops there.
Let’s see what the hourly chart tells us:
Yesterday I warned about that H&S pattern, that if triggered it could sink the prices way down. Well, it wasn’t triggered, and the price is moving sideways without any pivot. As I said, it is “sleepy”.
Until now, there’s nothing new here. Just be patient, no rush, use the time on your favor. Let’s wait for the next pattern appear, calmly, patiently, cold-bloodedly, like a sniper.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Last trade on BTC, triggered on April 22:
But what about now? As I said in my last analysis, since we’re out we’ll wait for another sign, could it be bullish or bearish, don’t matter. For now, I can you that the price is doing that typical move after a strong trend - it gets “sleepy”. Could be a sideward movement, very common in accumulation or distributions, or we still could see a pullback here, after all, BTC could drop all the way down to U$ 7,500 without spoiling the bull trend. Honestly, I’ll consider buying back if it drops there.
Let’s see what the hourly chart tells us:
Yesterday I warned about that H&S pattern, that if triggered it could sink the prices way down. Well, it wasn’t triggered, and the price is moving sideways without any pivot. As I said, it is “sleepy”.
Until now, there’s nothing new here. Just be patient, no rush, use the time on your favor. Let’s wait for the next pattern appear, calmly, patiently, cold-bloodedly, like a sniper.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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