Stopped out before, gonna try for this. Historically when in weekly a downtrend BTC tends to respect weekly levels very well- no wicks above previous weekly high
This is looking stronger than the rest here, good R:R
Going to short a bit higher from here in the blue box. Similar set up on ETH. Can also wait for price to show weakness as it enters the blue box.
Idea was posted the other day but here is the set up. ETHBTC wicked over weekly October high and rejected. BTCUSD and ETHUSD beginning to slightly lose correlation. ETHBTC beginning to show signs of distribution on lower TFs. Final target is far, take profits at support along the way.
Head and shoulders like pattern break down. Gaps to fill lower
Trading counter trend is risky but nice R:R so worth it
Clean breakout and retest (blue line). BTC usually goes sideways at weekends which gives time for alts to party
Accumulate slowly for long position, add more on break out
Small position, will add more on confirmation of break down
Back home then moon
Everyone is very bullish on alts...
IHS breakout and retest
Cup and handle like pattern
No need to explain