For my ideas, I use the approach described in the book by Victor Pershikov "Comprehensive Fibonacci Analysis".
Buy zone 1 is the inner pattern zone 23-> 9. Stop set for line 0 by Fibo.
Buy zone 2 is the inner pattern zone 38.2-> 14. Stop set for line 0 by Fibo.
In the case of working out one of the options, the second is automatically canceled.
The level of sales is determined by the Fibo level and clusters that are formed in combination with horizontal support levels.
And don't forget about risk management.
Buy zone 1 is the inner pattern zone 23-> 9. Stop set for line 0 by Fibo.
Buy zone 2 is the inner pattern zone 38.2-> 14. Stop set for line 0 by Fibo.
In the case of working out one of the options, the second is automatically canceled.
The level of sales is determined by the Fibo level and clusters that are formed in combination with horizontal support levels.
And don't forget about risk management.
Trade active:
Slowly but surely we go down to the areas of purchase. I decided to enter the trade with two buy.
The first is at the level of 14.6 Fib, the second at 9%.
Buy zones and the possible TP noted on the screenshot
The first is at the level of 14.6 Fib, the second at 9%.
Buy zones and the possible TP noted on the screenshot
Comment:
Targets for Bitfinex here -
