Rixon3

Rixon3

Here we are only looking for a quick scalp trade, The price has pulled back into the 50 EMA. We applied our Fibonacci retracement lines and the price has pulled back to 50% retracement level. We spotted a higher low on price and a lower low on the RSI which forms a Bullish Divergence. Now that we have spotted all the factors we wait for a Bullish Hammer or Bullish...

Rixon3

A simple / basic starting point for a beginner to build a strategy around by tweaking the exit areas. If you have a better way of explaining a swing trade for BTC, please share below. Like / Comment. - Happy Trading.

Rixon3

What do you think? Please like or leave a comment, be safe xD - Happy trading :)

Rixon3 Updated 

Executing a short position, has potential to go further. Safety first, Pay yourself. Please like or leave a comment, What do you think? - Happy trading :)

Rixon3

Executing a long position for a small swing with 1:1.5 risk reward. If you disregard exit point for more safety, implement a trailing stop loss to capture profits along the way to higher highs. Safety first, Pay yourself. Please like or leave a comment, What do you think? - Happy trading :)

Rixon3

Hello TF, This is my first analysis or first time marking out a chart. I decided to post it as I'm interested to see how you guys would correct me. Basically I am bullish on BTC, I'm not sure if it is a bearish pennant or if its a bullish flag or even a descending channel that will go bullish? Should I be looking for these patterns on smaller time frames, and...