Ok here is a coin I want you all to watch in this formation.
We have a very bullish divergence showing but we are lacking volume. Here the volume is important to break high on this set up.
Now if we break high of the triangle buy the first candle to close outside, if we break low clearly don't buy. If your holding this coin and we break low sell.
After you enter (if we enter) please set your stop loss on the grey line. This takes away the risk, we will see the break in the red section of the triangle.
We are in an upward trend here and have been for a while but we just need that volume to pour in for the next leg up.
Cash Is king, loads of choice today, all trades are going great so we best enjoy the good times ahead. Trades are forming better whilst BTC stays in its channel so lets make hay while the sun shines!
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We did not enter This trade we broke low. I will update this if we ever get an entry again.
Cash Is King!
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I just had an alarm go off on this trade, i didn't expect it so early but looks like we had a false break out on the low of the triangle.
I just entered with my stop loss on grey line
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stop loss .000032 run it tight
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for conservative traders enter after the close of this candle.
really looking very bullish, whale's doing perfect ;)
Cash-is-King
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@pmpl27, strong resistance, momentum is on our side. If it breaks it will run..... need some more volume in. Things slow down when BTC declines even though BTC is still in its channel a lot of people close positions as they don't understand it. I just got taken out at stop loss on the spike I took an aggressive entry I will renter if we get the right close.
pmpl27
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@Cash-is-King, huge sell wall at 3611, but i think that volume will decline at 50 or less and then up again with the push of the whale ;)