weslad
Long

XBTUSD Short time Projection(Upside Reversal)

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
The chart is self explanatory, as we are expecting price to slowly rally up from the current level to test the other side of the channel where we have our Resistance zone .

We have stop loss level stated on the chart for BUYERS which mean any breakdown below the level will implies huge success for SELLERS and support zones are also indicated down the lines.

RSI show significant possible reversal pattern.

Possible Entry and exit targets are clearly stated on the chart.

BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS

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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Sep 18
Trade closed: target reached: first target achieved
Sep 18
Trade active
Sep 19
Trade active: Trade continuation

Sep 19
Trade active: We need to watch the price not to invalidate the wave count. The whole wave count will be invalidated if price drop below 6225$

Sep 19
Trade closed: target reached: Nice bounce price did not close below 6225$, we did hit our second target at 6468$
Sep 19
Trade active
Sep 20
Trade active:
Sep 20
Trade active
Sep 20
Trade active
Sep 26
Trade active: #XBTUSD


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Sep 26
Trade active
Sep 30
Trade active
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where is go btc ? ok We under stand active but where is go down or up
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ok but now ?
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It went WAY below 6225, probably because of CBOE futures. Do you consider your wave count was invalidated?
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weslad ladybug_
@ladybug_, very valid
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