Hi friends, I hope y'all having a profitable week ;)
Today, I'll keep it short and straight to the point. As we saw that this crypto has been dropping since the beginning of May dramatically; it left important key levels that were supposed to be retested after they were bearish broken to fully confirm the trend. That left us bullish retest targets that will exploit. With that in mind, let us look at how the bulls and bears might behave in triggering our trades or dis-confirm them.
Bulls: -If the price closes with a bullish reversal candle pattern where it's at right now (1st signal), and proceeds to bullish break and retest the Mini Daily Half a Bat Neckline (2nd signal), that will confirm out bullish trend-continuation to/for the half a bats L3 and extended move that will end at the last take profit point. I call these trade signals a "Half a Bat C-E.1 & E.2".
Bears: -If the price bearish breaks and retests the 4H Neckline 2 and 8 m.a, that will dis-confirm both trades.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji.2k1
Today, I'll keep it short and straight to the point. As we saw that this crypto has been dropping since the beginning of May dramatically; it left important key levels that were supposed to be retested after they were bearish broken to fully confirm the trend. That left us bullish retest targets that will exploit. With that in mind, let us look at how the bulls and bears might behave in triggering our trades or dis-confirm them.
Bulls: -If the price closes with a bullish reversal candle pattern where it's at right now (1st signal), and proceeds to bullish break and retest the Mini Daily Half a Bat Neckline (2nd signal), that will confirm out bullish trend-continuation to/for the half a bats L3 and extended move that will end at the last take profit point. I call these trade signals a "Half a Bat C-E.1 & E.2".
Bears: -If the price bearish breaks and retests the 4H Neckline 2 and 8 m.a, that will dis-confirm both trades.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji.2k1
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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.