BTC. trading plan 7th july 2019

Analysis
D: we are making a big triangle pattern. Momentum is fading. Big green candle rejected from the upside.
2h: volatility is fading. More red vol candle than green vol candle. There is many wicks downside
30mn: under the EMA 100, it's temporary bearish momentum.

Daytrade ?
No volatility. Possible profit before touching big support/resistance 1-1.5%
risk/reward is too low. No daytrade

Trading plan: wait for a small flag near a trendwall. Wait for a breakout above or under this big triangle pattern.
Bear is favor for now

Comment:

2 touchs on the upside, 2 touchs on the downside, the triangle is clean, it's pushing up toward the upside, very low volatility, decreasing. A breakout to the upside seems in process. I'm preparing my long

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Closer: may be a bullflag is forming.

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It's not a bullflag, it's noise

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Indeed, it's a bullflag lol The shape is unsual

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And the answer lol

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Same pattern in process ?

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Clean chart

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rounded bottom ! Push up again

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I bought at the rounded bottom, it's a reliable pattern. Then, spike ! Now, I'm searching what it the breakout trendline, to add more

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I took profit . And wow ETH !!

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This is a possible path. a possible big dump attemps that will scare people. And... breakout up. it shake today ! week end trading with low volume !

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Wrong path ! I've found that many time a dump was in process. And a big green candle appear suddenly.

Comment:

No direction ! still waiting a breakout, up or down. Entering is position now, it's just having a 2% better position. Target: 14k may be. +20%. I don't bet. I want something reliable

Trade active:

Breakout :)