As you know, I still expect a new correction for BTC below 50ma daily or 9100, the chances are high that a sell-off of BTC will also lead to a sell-off of ETH. So, the chance is here we don't reach target 3 and maybe target 2 neither, but I just follow the rules, so I included the targets in this idea. I also expect a quicker raise of ETH than BTC. So I also hedge my short positions in BTC in a profitable way with this trade.
Buy: if an hourly candle close above neckline (1)
TP 1: 570 TP 2: 612 (TP 3: 701)
SL: Below raising trendline or below ncekline if breakout. (It depends how much you want to risk)
Happy trading :)
I'll only give small updates on Twitter... feel free to ask questions or post your ideas below..
Đã hủy lệnh
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We failed to breakout. I'll reopen this idea if I see new chances. If you traded it as I described in the idea you didn't loose on this trade.
Đóng lệnh: đạt mục tiêu
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Bought in again and first target reached. I'll give an update soon, why I bought in again.
Đóng lệnh: đạt mục tiêu
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Second target reached. ;)
Be advised, we might see a pullback from here because BTC is trading in a strong resistance zone now. I took full profit and closed my position.
I hope this is true, but volume is quite high on the handle (supposed to be low volume) and should be about 30-50% of the cup size. Keeping fingers crossed you're right though! I'd be happy if it goes up. Keep up the good work! I always enjoy your TA.
Trades999
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@jmaing, We failed to breakout. So, at the moment this idea isn't valid. Thanks for the compliment ;)