I've laid out my idea...Bitcoin, I think you're retracing a little further down. Bearish pennant, MACD, retracement to the 50% fib level. Huge run up as of late. Lets see where this puppy goes. 1% Risk 2:1RR - Happy Trading
Trade closed: target reached:
Well there it is, I see price did drop in a correction phase, while price didn't reach my outlined target I would have taken all profit or maybe moved my stop very close to price. Even though 30 minute charts are a very low timeframe, price made it to previous support and then presented a very nice "hammer". - a clear reversal signal. happy trading folks!
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.