vinnycrypto here on a slow sunday,
Btc going down 1 triangle at a time, we need to ask ourselves when does shorting these triangles are gonna stop being profitable?
I see this one going down to hit the 2900-300 zone and then bounce back up for a well deserved relief bounce. I am not much into predicting the futur into my trading. But playing scenarios helps me make a plan in case of a follow threw.
If you make all the predictions and prepare for them, your chances of being wrong drop significantly.
All in all, i set some alarms for the night. set an alarm to wake up when the bots wake up. And Ill play this other triangle as it should be played. Up or down I dont know. But what I do know is that I am ready to make some money when something happens.
Were about to break this one out. is about to show up. The plans are made. And the wallet is ready to get fat.
-a wick doesn't count
-Low doesn't count
-Don't be greedy and enter trades early. better lose some % on a confirmed move than lose money on a weak move.
As usual if you like what you read follow me on here and twitter . Feel free to comment your questions and critics and most importantly, trade safe.