Looks like Crypto is rolling over. Surprised ?
A few could predict the move but a very few who could have capitalised on their predictions. Looks like a Zigzag to me i already had a similar idea before. i know its against the trend but its out of my playbook.
Strong Case Points-
Week Points -
*A=C .618 level is broken and next guideline is for A=c 1:1 will take it further down close to bottom line of the channel
Going Against the trend
A few could predict the move but a very few who could have capitalised on their predictions. Looks like a Zigzag to me i already had a similar idea before. i know its against the trend but its out of my playbook.
Strong Case Points-
- Centerline Reversal
S line making sense.
MACD lines are not spread apart.
Risk : Reward is great
Bollinger Band - Touching the Low line
Week Points -
*A=C .618 level is broken and next guideline is for A=c 1:1 will take it further down close to bottom line of the channel
Going Against the trend
Note
Think Risk Management - Stop at 33800Trade closed manually
A is coming up as if its going to make a flat. In case its an expanded flat ? Decent Profit booked
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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.