Only for learning purposes, not the trading advice!
Bitcoin can extend shortterm uprally/correction, but if not SL for this long strategy is under orange line (on 1h but better to look even 5min chart). Target is 7400 to even 7900 area.
Bitcoin can extend shortterm uprally/correction, but if not SL for this long strategy is under orange line (on 1h but better to look even 5min chart). Target is 7400 to even 7900 area.
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SL setup (with orange line) of course in this situation activated but we have another intresting turning point. I cant show this here now by tradingview (some technical problem with screenshots). So in words position long should be holded with new SL under 6200 (daily ermanometric pivot). But remember this is only testing phase from my side, not real play!
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And remember: i talk here about Stop Loss, that is activated manually, not automatically - only after confirmed break of support/ermanometric pivot!
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I think that 1h is to small timeframe to play, especially in lack of trend and with sideways moves. 1 day is the best for ermanometry, of course researching methods will take some time, and i will try publish it here as fast as possible (when pure ermanometric situation will occur). By the way my gut still says that BTC should have much harsher time after this correction (if it's shape will be look like correction, and not like impulsive wave).
