AXLee27

AXLee27

BTC/USDT is on a clear uptrend on the 1h, 4h, and daily timeframes. I define my trend based on moving averages (6 EMA>18 EMA>50 EMA> 200 MA). Since price is on an uptrend, the best time to buy is during a pullback/retracement to area of support. Price as respected the 18 EMA previously multiple times so it is a reliable support (white circles). A bullish...

AXLee27

Potential h&s off the higher time structure (purple horizontal line). Right shoulder is potentially a buildup. I would like to play the breakdown of that buildup with stoploss above that buildup instead of the head. I believe that trading reversal chart pattern off a higher timeframe structure increases the chance of success. This buildup (tight consolidation)...

AXLee27

GPB/CAD is in a downtrend that can be defined by two ways: 1) lower low and lower high 2) price below 200 EMA (green MA). There's a weak bounce that is potentially forming a bear flag. Trade with the trend. And the trend is currently down. An entry trigger can be the break of the low.

AXLee27

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