gillianpatrice

MCOBTC - price consolidated at the retracement level

BITTREX:MCOBTC   None
Mean reversion works well with Cryptocurrencies. The red line represents the level that I was watching on the daily chart for an entry - the 50% retracement level. I watched and waited for a sign and the 15min chart - price consolidated here and the level was tested 3 times I took the next 15min candle and boom.

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