TAFA94
Long

SHORTTERM BTCUSD LONG

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We have TWO possible LONG positions on the BITSTAMP:BTCUSD            
1. If price touches the blue area, check if there is divergence on either MACD or stoch. If step 1 is fulfilled, continue.

2. If step is 1 fulfilled, we want to see either a double- bottom /top or w/m pattern forming on M15 or M1. Will demonstrate those patterns when the time comes. If step 2 is fulfilled, continue.

3. TP/SL will be set when necessary price action takes place in those areas. We will always wait for pullback no matter what. No pullback, no trade. If step 3 is fulfilled, continue.

4. LONG when PRICE makes higher high. If it doesn't and instead makes lower low, abort this potential LONG and look for the next blue area.
Where do these blue areas come from ?
+1 Reply
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