Downtrent I was following was over. Made the retest and bounced. I will wait for correction (right shoulder around 3750) and start buying. Will sell around 4300 and wait. If it goes over necline It is a buy signal for me.
Necline and head distance is %36. Therefore probably I will sell again around 6100.
Hope it works and chart is useful for you...
Necline and head distance is %36. Therefore probably I will sell again around 6100.
Hope it works and chart is useful for you...
Trade active:
Right shoulder is being completed. I will wait for a confirmation at least 2 candles. Then jump on train. Around 4500$ which is neckline, I will partly sell and look if it breaks up then jump again...
Comment:
BTC is ranging. Set up is still active unless it breaks the right shoulder(support) and heads all the way down to 3200 which is head.
Trade closed manually:
Wish we had nice volume to break above neckline. Trade closed.