Boon2
Long

BTCUSD M15 Buy the break

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
H1 TL still holds so there is no structural change at this stage on H1 TF.

M15 we do have bull div and a impulse up with bull flag forming. This is quite a risky trade as H1 structure still hold's so take with care and tight SL.

Wait for solid M15 candle close breaking flag before buying 1st targeting the 100fib (100fib may change depending on the low of the flag.

NFP coming out on Friday so take this into consideration before taking any position.

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Nov 01
Comment: BTC M15 broke to the upside but no follow threw with the impulse, Just take the BE trade if you haven't already and wait for next setup. BTC been having long corrections. On the higher TF i'm still looking for more downside.
Nov 05
Comment: 1st target hit for those that waited patiently for it, Move to BE and hold rest for longer term looking to add to position.

Comments

Boon2 disobey
@disobey, this is my D1 analysis
Reply
Boon2 ATCG
@ATCG, This is how I see the D1.
Reply
I would put invalidation around 6,250, save yourself $50
Reply
Boon2 hubavka
@hubavka, Thanks for your comment. Invalidation point is not my SL, The low needs to be broken for this particular setup to fail. You cant put invalidation point within the impulse!
Reply
@Boon2, In that case the trade is no good. risk $100 to make $140
Reply
Boon2 hubavka
@hubavka, I haven given away exactly how I trade, Everyone needs to use there own system for entry, exit and SL. I did mention that this is a risky trade as there is no trend on M15 therefore only experience trader's need apply. This is just an idea, Not a trading system!
Reply
@Boon2, I get it mate. No worries
Reply
Boon2 hubavka
@hubavka, I don't think anyone on here gives there full system away for free, If there is someone let us know and i'll check it out and see how reliable it is.
Reply
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