Setup: Yesterdays candle closed just below 3500. The indicator coloured the candle green signalling a potential bar reversal, and this triggers the setup I was looking for. I have my level: the reaction at 3200; I have the signals from the indicator needed for a countertrend: overextension, bar reversal, reversal candle, and distance from trend line. I need a trigger to enter the trade, and that is the break of the 3550 level.
Read my last bitcoin posts to see how I got to this setup.
Trigger: Price breaks long level.
Stop: Stop is below the swing low.
Target: I’m looking for reactions and signals from the indicator at the T-levels.
If you enjoy these setups and analysis please like and subscribe, it’s the easiest way to support my work and spread the word to other traders :)
If you want to tryout the indicator and strategy, follow me and drop a comment or pm and I’ll get you set up.
Stay calm, and happy trading!
More information on the indicator can be found below:
Read my last bitcoin posts to see how I got to this setup.
Trigger: Price breaks long level.
Stop: Stop is below the swing low.
Target: I’m looking for reactions and signals from the indicator at the T-levels.
If you enjoy these setups and analysis please like and subscribe, it’s the easiest way to support my work and spread the word to other traders :)
If you want to tryout the indicator and strategy, follow me and drop a comment or pm and I’ll get you set up.
Stay calm, and happy trading!
More information on the indicator can be found below:
