HumbleFutures

BTCUSDT retesting support to hold for higher

Long
HumbleFutures Updated   
KUCOIN:BTCUSDT   Bitcoin / Tether
BTCUSDT setup for a high probability trade to test highs. Looking for 3R
Trade active:
entries so far

Comment:
just took a small stop in ETH which does not bode well for this position.. I will hold it until market structure changes... it has not, yet. The chop the last two days has been more than brutal.
Trade active:
mmmmm.... ETH on potential breakdown area, BTC 128SMA stomping lower just like ETHs... stop is close.
Trade active:
If I were to walk up on this current chart pattern as it looks right now I would want to short it. Terrible trading this week.
Trade active:
Make or break right here... ETH and BTC both on bottom of their ranges and on my BTC stop.
Trade active:
The Trinity of Trading ™ break down

Trade closed: stop reached:
BTC followed the ETH weakness and stopped us for 1R. And put us 0-3 in the last 3 trades. Next.
Comment:
This collapse back to range lows after that blow out north is killing alootttta accounts... whew. Im still on the sidelines but I will buy the push off of range lows with confirmation though.

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.