Another Lower Low in 1H???
Updated
Hi guys!!
My view is simple. After a break in a previous trend indicated in purple, we made a lower low, which I had posted an idea about, but couldn't trade. So now we are looking for a further drop. So, we're looking for a possiblea break in the yellow trend (and a consequent ma20 brake) to start the operation. MACD is currently showing a sell exhaustion, which is normal btw. I expect this "weak buy force" ends at ~3928 because it's a 61,8% retracement of the previous impulse, altough we can see even a 78,6% retrace too, so be carefull! Always wait the signal to enter by a confirmation on volume or your indicators.
Entry point: 3890
Leverage: 10x
Stop-loss: 3930
Targets: 3860, 3820, +++...
Feel free to comment! Hope you enjoy!
My view is simple. After a break in a previous trend indicated in purple, we made a lower low, which I had posted an idea about, but couldn't trade. So now we are looking for a further drop. So, we're looking for a possiblea break in the yellow trend (and a consequent ma20 brake) to start the operation. MACD is currently showing a sell exhaustion, which is normal btw. I expect this "weak buy force" ends at ~3928 because it's a 61,8% retracement of the previous impulse, altough we can see even a 78,6% retrace too, so be carefull! Always wait the signal to enter by a confirmation on volume or your indicators.
Entry point: 3890
Leverage: 10x
Stop-loss: 3930
Targets: 3860, 3820, +++...
Feel free to comment! Hope you enjoy!
Note
Hey guys, unfortunately things don't move as expected. In 4H chart I didn't noticed that price held in ma200 area even after the drop to 3860, so it formed a good support for a bounce in this level, which is giving the oppportunity to BTC test the purple trend again. So I'll be watching todays price and make a new idea soon. Hope you liked!!
Related publications
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.