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Henry_Ross
Jan 6, 2021 4:14 PM

Crypto|LINK/BTC|Long Long

ChainLink / BitcoinBinance

Description

Long LINK/BTC

Activation of the transaction only when the blue zone is fixed/broken.

The idea is to work out the local resistance level and work out the reversal pattern "W".

The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.

Blue zones - activation zones.
Green zones - take zones.
The red zone - the stop zone.

Working out the stop when the price returns to the level after activation + fixing in the red zone.

Orange arrow - the direction of take.
Blue arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.

Order cancelled

The trade is not activated (the blue zone is not broken).
Comments
hadishweledo
possible inverse head and shoulders forming?
Henry_Ross
@hadishweledo, Yes, it is possible, I canceled this idea because it temporarily became irrelevant.
But working out the "W" pattern itself and the reverse "head-shoulders" is still real.
TheSignalyst
I totally agree for the bullish one
Henry_Ross
@TheSignalyst, Thanks)
Sadovoy_Trade
Good analysis
Henry_Ross
@Sadovoy_Trade Thanks! :)
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