Will BTC punch through $11K? We shall see.
This is a simple overview. If you need to write novels about your trades, they are probably too complicated.
idea: We have very obvious resistance (greyish blue lines) on the chart. It's easy to spot, and there are a lot of amateurs who trade BTC.
Amateurs = Amateur techniques....Such as super obvious support and resistance, like what we have on the chart.
I can get away with saying that, because I've done the same thing lol.
I'm looking to attack limit orders that could be sitting right above the grey lines, Which happens to be $11k ish.
This is an overview, no entry, or stop is provided, just a trend bias, it's reasoning, and the target for the trend.
Note: The purple line is a very important level, if that price cannot hold again if it gets retested. Void the idea.
We are looking for that bearish engulfing to act as a bullish trap move. (people sold it, now we attack their stops at the grey lines)
This is a simple overview. If you need to write novels about your trades, they are probably too complicated.
idea: We have very obvious resistance (greyish blue lines) on the chart. It's easy to spot, and there are a lot of amateurs who trade BTC.
Amateurs = Amateur techniques....Such as super obvious support and resistance, like what we have on the chart.
I can get away with saying that, because I've done the same thing lol.
I'm looking to attack limit orders that could be sitting right above the grey lines, Which happens to be $11k ish.
This is an overview, no entry, or stop is provided, just a trend bias, it's reasoning, and the target for the trend.
Note: The purple line is a very important level, if that price cannot hold again if it gets retested. Void the idea.
We are looking for that bearish engulfing to act as a bullish trap move. (people sold it, now we attack their stops at the grey lines)
Comment:
Meant to say obvious resistance on the chart, my fault