This is a great strategy for bullish market, Set buy orders at 0.5 ret and sell orders at 1.618 (AB=CD) Doesnt mean thats gonna work for every coin or every bull run But when you see breakout and pullback, high probability for this strategy works if your in that trade, you can feel much comfortable to manage your risk, And when you close that kind of trade in...
- White triangle didnt formed yet, cos bulls couldnt took price to the trendline, - Blue triangle has 5 hit, and setups for breakout are on the chart..
Broken support may lead us through next one, my bias bearish, but if get back in rectangle, will have another chance, Also eth lead the market past couple of weeks, so should be careful about long positions..