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Tradingstrategyguides
Jan 3, 2018 5:39 AM

HIGHER HIGHS - HIGHER LOWS - WHAT'S NEXT Long

Ethereum / BitcoinBitstamp

Description

No sign yet this trend is over.
Possible ABC pull back developing
Then Bullish trend continuation
Or bigger bearish reversal
Then Bullish Continuation

Comment

Comment

Some action is happening. Let's see what develops. ABC or bullish breakout (watch the fakeout)
Comments
MisterBurkes
Hello! Thanks for the analysis. One question: how do you identify fakeouts?
Tradingstrategyguides
@MisterBurkes, I use my 15m chart for my entries on breakouts. I watch for a break-hook-go pattern. Many times price breaks the trendline then hooks back to the trendline. Here is where the fakeout protection happens. Option 1 is that price continues in the direction of the breakout (Entry point), Option 2 is that price goes back across the trendline and continues in the direction of the hook candles.
Tradingstrategyguides
@MisterBurkes, Visit our website. There are a ton of free training and strategies. Our Website: goo.gl/qK7X4P
FALL1N1
first sell targert?
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