CryptoManiac101

WAVES NEARING A BREAK? 10,000% Profit Possibility? - (H)

BINANCE:WAVESBTC   Waves / Bitcoin
This is a high risk trade. Chart is self explanatory - comment with any questions below

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Trade active
Comment: Watch for that breakout guys - any minute now - have Stop Losses set in case of resistance does not break
Comment: False breakout
Comment: Target 1 reached
Trade active
Comment: Let's go Maniacs to our next target! Who's with me!
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Is the false breakout now a confirmed breakout? Seems so
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There are two trendlines here, so we enter when it breaks both of them?
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define a solid break in more detail and not a crayola bold line, we all know falling wedges often break but fall back into and through themselves.
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@Basil13, Solid break is a solid candle, not a tip of it, usually seen on a 4H chart or 1D chart, depending on coin we are reviewing.
+1 Reply
Are support levels and triangles the main thing you look for in TA? What would you say is equally as important?
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NickPadovani bit_Chipper
@bit_Chipper, I've found as of late that triangle patterns (wedges, pennants, triangles) have a strong success rate in terms of opening a trade. I've been charting them almost exclusively the past week, and I don't think any have failed to provide insight towards the next move.
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I'd assume anything higher than that line
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A bit hard to determine the break out level taking the big picture, at what level is aproximately your break out? Thanks
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ctealdi ctealdi
@ctealdi, (I did it in my chart but there are several possible trendlines)
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