Wavema

BTC10th july

Long
Wavema Updated   
BITMEX:XBTUSD.P   Bitcoin
Nice wake up today, +7% profit on binance ! It's going up faster than expected.
Check:
D: 5 green vol candle in a row. Very bullish !! 3 candle increase. today candle in process
13 300 - 13800: there will be some resistance here may be, but nothing special. I don't expect yet a fast grow here. Probably a slow up. Once above, it's blue sky, it will push faster.
ATR slowly decrease, it's OK fight is done.
4h: price action broke the ascending triangle. nice vol candle for the breakout. It's perfect

Plan of the day:
- hunting bullish patterns for bitmex trading
Comment:
Obviously I don't know what to apply. Trend wall or S/R. The stage 2 of hyperwave is not over. So, targets and duration will change probably. It will be higher than expected.

Comment:
Got it !!!
Let's be simple. There is one trend wall S/R. Place parallels, and it's OK. BTC's touching the ultimate resistance. So.. It's not time to add more. There will be some pullback/ bullish pattern here. Duration: 1D ? I have time to buy next pattern breakout.
Target has changed a little too. 16k it's the next target. ultimate target of this hyperwave would be 18k
I will use 15-30mn TF to see what's happening in details. But big view of the day is that
Comment:
Behavior expected for today:
Comment:
Perfect !
Trade closed manually:
I took my profit. 6% And wait. This is the big picture.
Comment:
This push up was too soon. I expected it later. It's why I'm cautious. Market is never obvious. It's the ultimate resistance. All is going to be fine and easy ? I doubt. I'm happy, another winning trade, nice profit. So... Don't be greedy :)

1) it not going down at all. OK... I'll buy the breakout, I'll miss only 2% trade. But in security.
2)It's going down: I rebuy. But I don't have any idea now how far it will go. In any case, it's good for rebuy opportunity
Comment:
I place the trend wall, and I let the chart develop, wait something appear
Comment:
Comment:
2 options: buy the breakout. Or buy the dip near the orange EMA (if there is a shakeout)
Comment:
target reach, reloaded !
Comment:
OUCH !
Comment:
I'm stupid. I forgot to watch ETH to have another point of vue
Comment:
I misread my leading fractal.
This is the adjusted plan. I'll have to wait, because, I'm trapped above. I did a mistake. I didn't wait the end of the dip.
Comment:
I hold my BTC.
Comment:
For my own education, this is a failed breakout:
Comment:
vol increase. Big push up, but... failed. More and more red candle.
Comment:
I'm trapped only 2% above. It's not a lot. And a rounded bottom is forming. Nice, it may go up now
Comment:
First nice green candle. Rejection ?
Trade closed: stop reached
Comment:
I loss my 7%. Why ? Because I didn't place a stop loss under the support near 12k. And I expected a bounce. NO trading is recongnize a pattern, entry, stop loss, exit. That's it. Don't hope and pray some prediction will happen
Comment:
Double top + 7 1h red vol candle in a row !!!!! A bounce will happen soon. But there is something new now. Just wait some clean situation. It's storm now.
Trade active:
Comment:
It's a too big too quick correction. They let the price drop freefall. The last time I've seen that in the past... it leaded to a very nice up.

Price hit 2 trend wall. I bought back 4% under my previous position
Comment:
My tomorrow plan
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.