ralis24

Bitcoin - Pattern rec (2)

Long
COINBASE:BTCUSD   Bitcoin
Looks like the math is working out as suggested previously. We have the ParabolicSAR flip combined with the bullish Fisher Transform crossover and the MACD histogram bar color shift. Sometimes (rarely) we get a small headfake, meaning price can dip a bit more before the full reversal takes hold, so caution is warranted. But if you are scaling in on dips, this is the place. Technical analysis, though not by any means perfect is useful. Because its not perfect, risk management in the form of stop loss targets must be part of the plan. The last ParSar dot should serve as a good stop level for short to medium term traders.
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