The Bullish setup on the 4HR got triggered. During the setup (green shaded area) 2 trades were possible: A pullback trade, with entry at the MTF levels (PB line), and the usual breakout trade at the breakout. Targeting the next MTF levels at 80.863 and 83.960. Trail the stop as the trade develops
If you find this useful, please like and subscribe to get notified...
I am currently backtesting something rolled on, seems fascinating.
1 hour - if you look closely, you can recognize that price action has its own market cycle but seems to complete the fib.
- To understand where the trend is, i use the 8EMA as a guide to understand how big the waves are occuring.
Up? FOMO? Higher? MOON?!?
Down? Bear? Crash? DJIA?
There is a ton of nonsense out there guys. A ton of people trying to tell you how to trade. Whatever side you're on, I think you should hang out. Things are starting to look like there is some positivism back in BTC. If you're long here, stay long -- I don't see anything to turn you around.
If you're short...
This is the 30 minute chart from the Real - Time video. I'm just leaving it here so you can check back to see how our little chart did, and which way it went.
A few things you should answer before clicking play
Which way did you think it would go from our work in the video?
Did you agree with our indicators, marks of support and resistance -- what did you...
Price @ 1.54895 - Monthly Major Support
Down Trend from recent Swing High/ 3rd point of touch on the down trend line
.50 Retracement of Down AB Swing
Stop 15 Pip of recent high and Take Profit 0.618 Fib Level of last up AB Swing
Stop 181 Pips
Take Profit 294 Pips