Broke Trendline, then corrected to the 0.618 retracement. I plotted towo sell trades in the chart. One is better risk to reward but more high risk. it is your responsibility to not risk to much ( not more than 1% of your trading account) so learn to calculate the lot size (or get a broker that has proper tradingplatform which provides this!!)
Only a view people cme across the information that it is very possible to trade CCI trend line breakouts like price trend line breakouts. Aligning the trendlines and looking for double breakouts is a good idea. CCI(27) on 4H Chart works good after you ve learned how to apply the trend lines correctly.
it is a possibility to sell bitcoins now after that drop and a retracement. best look at price action to confirm a sell. open 3 trades not only 1. take profit of 1/3 around the low of the drop and move stops of the rest 2/3 to breakeven. take profit of another 1/3 around the red price trendline. let the last 1/3 run. if this is a start of a downtrend (yeah, i ...
The aligned CCI(27) trendline broke to the downside but the price did not break it's corresponding trendline. for me this means there is a good chance for one more up making higher highs or double top or maybe only going to the 0.618 retracement of the recent move down. the last scenario may provide a good sell setup for you guys?