outlier1500

BTCUSDT 2-2 Reversal on Daily - Pivot Machine Gun (The Strat)

BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Just a journal entry for a position I took using the strat. Trigger was at 50,680 on the 2-2 reversal to the upside. We had exhaustion on the downside and the hammer gave use our actionable signal on the daily timeframe. Full timeframe continuity to the upside. The series of previous lower lows gives u a pivot machine gun where we will stop out the bears at the the pivots, rocketing us straight up to our targets. Stop was at 49,800 with a target at 56,600, making this a 7.4R trade given we continue the move towards the targets

Penafian

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