reppac

Day trading entry points

Short
reppac Updated   
BITFINEX:BTCUSD   Bitcoin
Top rectangle has already been touched so may or may not be hit again.

AB wobble on the way down near the log trend line

Bottom rectangle is the main target for next entry (bottom of channel coinciding with Gann 2/1 fann line). Spread entry covering the top of the box and down to the 0.236 fib line at ~7409

Note
These are notes to myself, open to anyone to read. Its not advice. Feel free to add your own thoughts and comments below.
Comment:
timing changes

its been a lot slower rectangle moved, and target ranges changed

Comment:
what a great call! :(
Comment:
got there in the end

Took long enough, bit of a bump in the middle (good example of over analysing and not sticking to the original plan!)
Comment:
Gann Lines

The 3/1 Gann Fan line look to have created resistance.
I suspect the current channel will have a strong enough hold to stop the price dropping back to 2/1 line and we'll see a repeat of the 2/1 line approach when price goes back up.

For now lets see how the current rectangle works out.
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