RVNBTC enters the last stage of the correction. What to expect?
Hi!
RVNBTC has approached the target as shown in my recent post. Now we see a bounce from the support line of the triangle on the monthly chart. Here we are aiming for the upper line of the triangle or the line combining the 0.5 of the height of the triangle and the area where the support and resistance zones are colliding. Patient traders will wait until the monthly candle has closed above and below of the triangle and wait for the low risk entry point, usually at or around the 0.5 of the breakout candlestick or the height of it or one of the three major support and resistance zones of the triangle.
From there one switches to the corresponding time-frame, the two day chart and the two hour chart for example, to enter the trade safely.
If you would like to learn about different time-frames method please visit George Beaulieu on Youtube.
Thanks for reading and have a nice day
With patience
Heish
RVNBTC has approached the target as shown in my recent post. Now we see a bounce from the support line of the triangle on the monthly chart. Here we are aiming for the upper line of the triangle or the line combining the 0.5 of the height of the triangle and the area where the support and resistance zones are colliding. Patient traders will wait until the monthly candle has closed above and below of the triangle and wait for the low risk entry point, usually at or around the 0.5 of the breakout candlestick or the height of it or one of the three major support and resistance zones of the triangle.
From there one switches to the corresponding time-frame, the two day chart and the two hour chart for example, to enter the trade safely.
If you would like to learn about different time-frames method please visit George Beaulieu on Youtube.
Thanks for reading and have a nice day
With patience
Heish