Hello my followers and fellow traders.
Here is my latest position and looking to short.
Simple. Price Action is king.
Happy Trading :)
Please LIKE and FOLLOW for support. Thank you <3
Here is my latest position and looking to short.
Simple. Price Action is king.
Happy Trading :)
Please LIKE and FOLLOW for support. Thank you <3
코멘트:
코멘트:
Click link ^^
코멘트:
Has good confluence, top of trading range, tapping off downward trendline. Want price to continue falling down, creating a false breakout on the 5 minute.
https://i.ibb.co/SXk7TTH/87-F60-C94-6224-4-B7-F-9-DC5-2424-D8748602.png
https://i.ibb.co/SXk7TTH/87-F60-C94-6224-4-B7-F-9-DC5-2424-D8748602.png
코멘트:
5 minute showing rejection. Im entering.
https://i.ibb.co/mTYhR4z/51-A8-A6-C6-5930-4-A1-E-9269-39-ABF0-DADBE3.png
https://i.ibb.co/mTYhR4z/51-A8-A6-C6-5930-4-A1-E-9269-39-ABF0-DADBE3.png
코멘트:
Okay i just got home, here's better screenshots.
5 minute: Waiting for this small black uptrend bar to break to confirm with much more confluence of a continued move down, rejecting off the red down trend line to go with-trend (I believe to be a large correction before shooting up for strong moves - more on this when the time draws closer)
5 minute: Waiting for this small black uptrend bar to break to confirm with much more confluence of a continued move down, rejecting off the red down trend line to go with-trend (I believe to be a large correction before shooting up for strong moves - more on this when the time draws closer)
코멘트:
Breaking..
코멘트:
Broke the smaller black, uptrending trendline to confirm, tapping off the red down sloping trendline again after initial rejection. Down she goes...
코멘트:
But we must be wary and know that price action can change based upon what the market participants decide to do.
Let's see how it plays out. Always remember to manage your trades and risk.
Let's see how it plays out. Always remember to manage your trades and risk.
코멘트:
Please like this chart idea and follow me for more analysis in the future. Thanks so much! <3
코멘트:
Price looks like it's breaking up now.
Also keep in mind we are in a consolidation/ range.
Also keep in mind we are in a consolidation/ range.
코멘트:
1. We are in a range.
2. However this will most likely break up due to price action and break of a strong trendline.
On a bigger view, Price has been consolidating within a range/wedge like pattern and hence not showing the behaviour of a sharp correction.
Please look at structures and where price is at. It's now currently trying to breakout above.
2. However this will most likely break up due to price action and break of a strong trendline.
On a bigger view, Price has been consolidating within a range/wedge like pattern and hence not showing the behaviour of a sharp correction.
Please look at structures and where price is at. It's now currently trying to breakout above.
코멘트:
Just redrew a trendline for a short and we are still borderline and therefore possibility for the short to occur still. Have a look.
코멘트:
If it's going to fall, it's now, great position to get a short in.
코멘트:
코멘트:
Hi everyone, just an update.
Yes as we see everywhere, it's glaringly obvious that it appears that we have formed a "triangle" and that price has broken above that triangle and is going up currently.
This could possibly still be a valid view.
However, here is an alternative view.
I'm waiting for price to break below this short term THICK, black uptrend line to indicate that the B wave is underway. If price does this, it will give me some indication that this path drawn out is a possibility.
I want price to then drive back up for the C leg of the bigger B leg correction, ending at a point where we've come back to tap the "MAJOR Uptrend Line" once again as resistance and rejecting off of it and the blue horizontal resistance line near the peak of where "Wave 4" ended.
This indicates that price/the market does not want to go past this point and if it begins falling then we could see the price of Bitcoin get driven down for LEG C of the ABC correction.
Yes as we see everywhere, it's glaringly obvious that it appears that we have formed a "triangle" and that price has broken above that triangle and is going up currently.
This could possibly still be a valid view.
However, here is an alternative view.
I'm waiting for price to break below this short term THICK, black uptrend line to indicate that the B wave is underway. If price does this, it will give me some indication that this path drawn out is a possibility.
I want price to then drive back up for the C leg of the bigger B leg correction, ending at a point where we've come back to tap the "MAJOR Uptrend Line" once again as resistance and rejecting off of it and the blue horizontal resistance line near the peak of where "Wave 4" ended.
This indicates that price/the market does not want to go past this point and if it begins falling then we could see the price of Bitcoin get driven down for LEG C of the ABC correction.
Wait for 5 minute candle to close before entry.