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Trader6127

Market Overview | Sideways Action

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Bitcoin (BITSTAMP:BTCUSD)  
Trader6127 Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC Bitcoin (Cryptocurrency) Cryptocurrency bitfinex
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trendanalysis chartpattern indicator btcusd btc bitcoin cryptocurrency bitfinex
Hey traders, here's an update on the $BTC market. Enjoy ;)

Remember the 1-2-3 Strategy:
An Introduction | 1-2-3 Strategy
09:40

And if you forgot what cyclical trades are, watch this one:
Defining Risk | Cyclical & Countercyclical Trades
05:48
Comment:
We've reached our target. Looking for a bounce, as price action is moving too fast, then looking for more trading in the new dumb zone.
snapshot
Comment:
Nice megaphone pattern developing on the pullback. Good location to short, or wait for the breakout to the downside (choose based on your own risk management strategy).
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Comment:
Should be targeting the lower boundary of the numb zone (.618 of the bullish swing). From there I'd be vigilant of a sharp pullback to neutralize the 4HR trend before the market chooses a solid direction.
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