BTCUSD - 1D - Double doji pattern
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Not a financial advisor.
Currently looking at prices closing above the MA20 and currently printing a double doji (Depends how the daily will close).
I normally do not trade the double doji pattern but it is interesting to see it printing out on the daily.
Stop loss - either the MA20 (but as you can see often candles pierce below) or the lowest wick from the Dojis.
Target - I have been discussing whether this is a "M" or a "W". I am currently biased towards a W or even a Cup and Handle.
I suppose target is easy to calculate.
Good Luck!
Currently looking at prices closing above the MA20 and currently printing a double doji (Depends how the daily will close).
I normally do not trade the double doji pattern but it is interesting to see it printing out on the daily.
Stop loss - either the MA20 (but as you can see often candles pierce below) or the lowest wick from the Dojis.
Target - I have been discussing whether this is a "M" or a "W". I am currently biased towards a W or even a Cup and Handle.
I suppose target is easy to calculate.
Good Luck!
Nota
I would not consider the current candle a doji but ... well it is behaving as expected...meaning:- yesterday's doji at MA
- "W"/ Cup and Handle formation
=> let's wait for the reaction at the W or the C&H neckline.
Nota
Restesting the MA20 daily:Nota
BTC better behave here:Nota
Nota
Breaking downDagangan ditutup: hentian tercapai
Dagangan aktif
Possible bounce...indecision...Waiting on the triangle to resolve itself!Nota
The W pattern is still in play:
Penafian
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