Bull Flag on TRB.
If it falls below the 78.2% we will give up on a trend resumption and consider it a range, as long as it does not retraces more than 75% approx. we can consider it a bull trend in play.
Accumulation Distribution is above its EMA13.
Observe the pink circles, there has been two clear rejections, it shows some kind of exhaustive volume, but bulls bought relentlessly at these levels.
There is a possible if not almost confirmed divergence in MACD (below there is a question mark because the move is not yet finished).
Got some possible targets based on the vertical distance of the last swing. Drew some fib extensions to obtain possible targets.
Got some possible reversal levels (rectangles in green).
Perhaps entering on a limit order at one extreme of the resistance line is a smart move.
Just an OPINION, If it is useful please LIKE and FOLLOW. Best of Best my friend :)
If it falls below the 78.2% we will give up on a trend resumption and consider it a range, as long as it does not retraces more than 75% approx. we can consider it a bull trend in play.
Accumulation Distribution is above its EMA13.
Observe the pink circles, there has been two clear rejections, it shows some kind of exhaustive volume, but bulls bought relentlessly at these levels.
There is a possible if not almost confirmed divergence in MACD (below there is a question mark because the move is not yet finished).
Got some possible targets based on the vertical distance of the last swing. Drew some fib extensions to obtain possible targets.
Got some possible reversal levels (rectangles in green).
Perhaps entering on a limit order at one extreme of the resistance line is a smart move.
Just an OPINION, If it is useful please LIKE and FOLLOW. Best of Best my friend :)
Comment:
Guys, an exit at breakeven is smart, is not worth longing while BTC is in correction. It is better to play it safe. The targets will be the same, it is simply not logical to be longing while everything is correcting. When correction ends, then it is possible to resume the trade. I believe it will play out, but now it's simply a low probability trade.
Comment:
An opinion will be given once is logical to retake the trade.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
Trader Since 2016. Industrial and Operations Engineering at U of Michigan, Ann Arbor. MBA IPADE. Master in Finance EGADE.
Trader Since 2016. Industrial and Operations Engineering at U of Michigan, Ann Arbor. MBA IPADE. Master in Finance EGADE.