Bitcoin Fractal + Horizontal Levels Bitcoin may follow my path or it could dump lower, this is just an idea.
BLNK last week had a impulsive move to new 20 day highs. Since then that move has faced recent selling order flow. This pattern is a proprietary pattern I develop that I look for to place a trade. According to the text book its a M top but I have made tweaks to suit me to trade this pattern at the reversal points on the chart. If there aren't any major gaps on...
Hey Friends <3 Once again - as this nerd I am - I tried to compare SPDR S&P 500 with Bitcoin. Also here we can see some interesting similarities on the charts. - Bull run in December/January - Double bottom - Double top - Spike out from Downtrend Channel (LOG-scale) And what happened hereafter with SPY? A crash down back in the downtrend channel. Let me just...
We can see double top which stopped bullish movement with candle with long wick. I marked 2 GAP's which are respected by market in some way. The bottom one is clearly respected by market and gave nice push for the pair to move higher. I decide to put many arrows on the chart:) I would suspected that the pair will try to rebound from these 3 levels. In my...
2618 Setup on the H1. I recommend stretching stops a bit further out than usual, above the 139 handle. TP1 at 137.900, TP2 at the 127.2 extension.