LONG-
-Overall Uptrend
-Bounce with follow through
-ascending triangle- BULLish
-BULLish Stoch
-BULLish RSI
-BULLish MACD
-huge wick on Bottomed out candle- shows BULLish Buying. Even thou the volume indication is red, it really has a large amount of volume due to BULL buying. BULLs showing up.
Cons
- you could argue the pattern is currently forming is a raising wedge- which is a BEARish indication
- BTC Correction is probably not complete yet. If I was a large whale going SHORT, I would not stop the beat down yet, as I feel that there is more room to go south. Especially, when much less people will be watching/trading over Christmas and Holidays. Thin Volume can make price move quickly.
-Overall Uptrend
-Bounce with follow through
-ascending triangle- BULLish
-BULLish Stoch
-BULLish RSI
-BULLish MACD
-huge wick on Bottomed out candle- shows BULLish Buying. Even thou the volume indication is red, it really has a large amount of volume due to BULL buying. BULLs showing up.
Cons
- you could argue the pattern is currently forming is a raising wedge- which is a BEARish indication
- BTC Correction is probably not complete yet. If I was a large whale going SHORT, I would not stop the beat down yet, as I feel that there is more room to go south. Especially, when much less people will be watching/trading over Christmas and Holidays. Thin Volume can make price move quickly.
Trade active
Trade closed: stop reached:
Look out below-Ended up being a Rising Wedge that wasn't fully formed yet
More annoying is when, I can not move up trailing stop due to life. And instead of ending with small profit, or even, I end with small loss. Expensive play date with kids. :(
The difference between the greats and the average is profit taking. I'll get there ;)
More annoying is when, I can not move up trailing stop due to life. And instead of ending with small profit, or even, I end with small loss. Expensive play date with kids. :(
The difference between the greats and the average is profit taking. I'll get there ;)