dogdaddevan

BTC Bottom / Max Long Idea

Long
BITSTAMP:BTCUSD   Bitcoin
The idea is simple figure out the bottom max long zone based on some info we know and see iff it hits

What we know;

1) we eventually make a 3rd touch on the trendline with 2 touches already if we assume the trend continues up

2) I found a spot that aligns with the neckline of an inverse head and shoulders marked in orange with a 72.5K long target along with floor @ 64.4

3) this also a floor / support zone and if we go below 64.3K we start the M pattern and turn bearish so I assume the bottom is higher then this level

The Idea is marked in Green, Going to put a long limit order @ 64.5 and see how this plays out
Trade closed manually:
winning - forget to close tha trade

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