Get started
Tradingstrategyguides

BTCUSD 3H A-B-C-D-E PATTERN

Short
Bitcoin (BITSTAMP:BTCUSD)  
Tradingstrategyguides Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Beyond Technical Analysis abcde previousswinglow BTC BTCUSD bitfinex finex support Double Bottom
11
9
trendanalysis chartpattern beyondta abcde previousswinglow btc btcusd bitfinex finex support doublebottom
Pair is creating lower lows and lower highs in an A-B-C-D-E Pattern.
Take Profit is still previous swing low.
Comment:
There is a possible triple bottom support level at 12K that can be the 1st take profit.

snapshot
Comment:
ENTRY POINT SHORT - There is a 12K double bottom support level that can be my 1st Take Profit area. I have drawn an ascending trendline that when a Break-Hook_Go pattern on the 15m chart develops I will enter with a triple bottom retest as my TP. Price may continue bearish from there to the "e" point support level as my 2nd Take Profit.
snapshot
Come learn a new trading strategy at tradingstrategyguides.com?utm_source=tradingview

Our free Telegram channel: t.me/TradingStrategyGuides
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.