buergernamebenutzenistillegal

BTC/USD Life after death! in for the c of B

Long
BITFINEX:BTCUSD   Bitcoin
SL 11700

There is this move to be made now...starting from restesting the lows in a deep b of B Wave..structural weakness and down momentum is about to turn now...

looks promising...

looking for the c of B to lead us to the first upper supply zone
Trade active:
Initial SL 11700, got to be trailed along the 0-ii 'of c if and when established...but impulsiveness needs to be seen again, this time in green up candles...
Comment:
Comment:
Comment:
Comment:
Trade active:
Well , what can I tell you?

We fetched the low here and managed to remain in the move by smart stop management,
as now the market is in to reward us for our patience…

Trading is not won with the head, but mostly with the butt, as you might know…

So we are in for a reward here, too, like in most of our other Trades starting 30/31Dec.

We are able now here to move our stop into winning territories, trailing it further.

15min


moving SL with the green line now, as long as the structure of the running move clarifies
Trade active:
entry 12560 , actual SL 14455 , nice winner here for us the patient ones...

2 possibilities here...as we are
going steep and our winning
potential of this trade
is 3/4 full for now...

1:Trail the SL with
the steeper, dark
green line for now,

2.or just take profit
in the red supply zone
, and set your SL
below b''' and xx' marked
highs on the left...for doing so




Comment:
1. SL method stopped out at 14800 , for winning trade of 17,8 % or 2240$

method 2 SL trailing still running
SL remaining at 14455 for reaching red supply zone
Trade closed: stop reached:
second method SL reached at 14455

thus leaving a profit of a 15% winning trade from 12560
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.