BTC Trading Diaries: 1H Trading the Trend
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Starting this series mostly for myself to reflect on - but welcome other's comments as well.
BTCUSDTPERP
Double ABCD pattern can be seen forming on the 1H chart. End of ABCD corresponds with previous strong demand zone.
RSI breaking under 50 showing momentum in favour of sellers.
Looking to enter on the retracement: We enter just before previous supply zone, shown by the box.
Stop loss - 4000 pips; Profit level - 8000 pips (We don't take a trade if at least 2:1 ratio cannot be achieved)
BTCUSDTPERPDouble ABCD pattern can be seen forming on the 1H chart. End of ABCD corresponds with previous strong demand zone.
RSI breaking under 50 showing momentum in favour of sellers.
Looking to enter on the retracement: We enter just before previous supply zone, shown by the box.
Stop loss - 4000 pips; Profit level - 8000 pips (We don't take a trade if at least 2:1 ratio cannot be achieved)
Dagangan ditutup: hentian tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.