BCN (Bytecoin) / BTC. According to the previous trading idea, the price did not reach a potential entry point, as the symmetrical triangle that formed was broken down. Let me remind you that with this coin it is not possible to work short. Now the price has reached a potential entry point with good potential. The price broke through the local downtrend line, thus forming 1 Ross hook. When forming the second Ross hook, the potential is + 30-40%. A new uptrend may be emerging. You also need to understand that this is a pump coin, it can happen as with HBAR + 500% with several candles. An important zone, as in HBAR, I highlighted on the chart.
ENTRANCE Now or at the beginning of the upward movement.
TARGET. 1 target for Ross hook + 30-40%
Stop loss Set Stop Loss value with calculation of your trading strategy and money management. Stop Loss percentage should be adequate. What matters is not the Stop Loss value itself, but the entry point and your system of work.
Work Ross hooks on HBAR / BTC + 65%
The first impulse to the target zone is 2 Ross hooks. +85%
After working off the goal 2 Ross hooks securing above the important zone, as a result of the pump + 500% of the first entry point according to the previous trading idea
Another example of my work is Ross hooks on a pair of BTC / USD EDUCATION Ross hooks on the example of BTC / USD.
After some time. 2 more Ross hooks were made in the trend. All goals are taken. The trend reversal zone is determined in advance.
All trading and educational ideas on BCN coins and Ross hooks I attached under the description.
Order cancelled
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Concave local bottom. Important resistance and price reversal zone.
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There was still no entry point. The downtrend continues. Faith is finally killed in the holders.
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Break of the downtrend line. Concave bottom. Trend reversal.
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The previous breakout was false. Perhaps this time everything will be different. Coin casino as there is no liquidity
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+ 140% 1 wedge break target achieved. The momentum develops
Yeah , I jumped out of something too ! ( it was BAT ) Whole Market looks weird - cause BTC may Bullcross and pump a bit perhaps . Everyone is waiting .
SpartaBTC
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@shimmeringpath, Yes, when uncertainty is better to wait aside. To understand what the trend will be.
shimmeringpath
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You changed your profile pic ! Also I have to read up more on these Ross hooks. Thanks .