INVERSE H&S -MTL/BTC 15M (9 AUG 2018)

2018년 8월 10일

Chart: It seems that a wild inverse head and shoulders appeared!

-Light blue line will be the guide I am using for the break in trend to sell if targets are not met first.
-Orange line will be target #1 for securing profits.
-Yellow line will be target #2 for securing profits.
-Purple line, a close below this line more than likely represents a failure of the pattern to launch.

RSI: Orange line showing that this is a support/resistance level.

STOCH: Showing signs of wanting to hold a support around the 20 mark.

30 MIN AND 1 HR CHART: Showing us some signs that this will be a weak reversal and not to expect a long run.

Optimistically, we can look forward to a completion of Elliott Waves and then look forward to moving somewhat sideways.

Entered Trade: 0.00001286 BTC
-Initial Stop Loss: Close below purple line
Target 1: 0.00001360 BTC (orange line)
-New Stop Loss: 5 min close below the light blue trend line
Target 2: 0.00001381 BTC (yellow line)

Remember, don't drink and trade...always ask someone to hold your beer first!

DYOR and goodluck!

2018년 8월 10일

노트

Looks like we are dropping into an ascending wedge.

-CHANGES-
Target 1: 0.00001320 (50% of position)
-Look for reentry off the third touch

2018년 8월 10일

거래청산: 스탑 닿음

SOLD @: 0.00001262

The light blue trend line showed temporary support, but later failed. While there was not a close below the purple line, the only options left would be to drop down into a sideways moving channel or into a falling wedge. Going to keep my eyes on this as I am still over all bullish on MTL/BTC for the weekend.