BTC LONG BREAK OUT TRADE

SMALL CORRECTION ON WEDGE SETUP

SIMPLE TRAFFIC LIGHT SYSTEM

GREEN = BUY/LONG

AMBER = RISKY TRADING AREA/CHOPPY PRICE ACTION

RED = SELL/SHORT

YELLOW = PAYDAY FAST PROFITABLE MOVES

ALL AREAS OF INTREST/TARGETS ARE COLOUR CODED ON PRICE SCALE TO YOU RIGHT

Note

breakout

Note

macro degree and hourly

Note

reaction point

Note

1min and 1 hour chart

reacting as designed to now the wash trades is over with

enjoy

trades safe

Note

1st 2 TPS
done on short hedge

remainder of position trailed

add short profits back to long position on reversal

Note

unconfirmed so we wait for confirmation

Note

" failed rally market buy AFTER CLEAN WICK AND STRONG BOUNCE UP ON FOLLOWING CANDLE"

instructions on chart clear as day

long stopped out, remaining short position from hedge area in good profit still trailed

opened
long opened on wick pull back with view to average pout long down to 56700

Note

stoploss below 56400 on this long trade as is short stil in play and we have major support below at 55570

neeco666

Related publications

end of march bull config

by neeco666

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.