Huge fakeout (of which I specialise in) here on BTC.
Pro traders love fakeouts. Amateurs read trading books and think breakouts is the way to trade. Its not, you should take profits almost immediately on breakouts (ie if your were short took tp at 59K) and reverse to trade into the pattern again.
What a fakeout break on the head and shoulders with a wick down and huge MACDH divergence!!
Just the catalyst we need to make this run to 93k as per my other post (we should now break out of that channel easily)
Stop loss at the low.
Pro traders love fakeouts. Amateurs read trading books and think breakouts is the way to trade. Its not, you should take profits almost immediately on breakouts (ie if your were short took tp at 59K) and reverse to trade into the pattern again.
What a fakeout break on the head and shoulders with a wick down and huge MACDH divergence!!
Just the catalyst we need to make this run to 93k as per my other post (we should now break out of that channel easily)
Stop loss at the low.
Comment:
4 hr chart shows the divergence even better and look at that long-legged doji candle marking the potential bottom. Volume is increasing too (into that 58-60K floor support) with big volume coming in to try and stamp the bottom. Very bullish here
Trade active:
Longs majorly in play here with a diamond formation taking us to 66k on the breakout if it comes
Comment:
Nice volume bottom looks in on the ETF
Nice volume bottom looks in on the ETF
Trade active:
Bull flag breakout confirmed, stay long and add
About me: I'm a retail day trader (trading since 1993). Most ideas here are for short time frames and become profitable quickly. I take profits fast as things change fast. 1-2-1 mentoring sessions available.
Telegram coming soon.
Telegram coming soon.