BTC. trading plan 7th july 2019

Analysis
D: we are making a big triangle pattern. Momentum is fading. Big green candle rejected from the upside.
2h: volatility is fading. More red vol candle than green vol candle. There is many wicks downside
30mn: under the EMA 100, it's temporary bearish momentum.

Daytrade ?
No volatility. Possible profit before touching big support/resistance 1-1.5%
risk/reward is too low. No daytrade

Trading plan: wait for a small flag near a trendwall. Wait for a breakout above or under this big triangle pattern.
Bear is favor for now

Commento:

2 touchs on the upside, 2 touchs on the downside, the triangle is clean, it's pushing up toward the upside, very low volatility, decreasing. A breakout to the upside seems in process. I'm preparing my long

Commento:

Closer: may be a bullflag is forming.

Commento:

It's not a bullflag, it's noise

Commento:

Indeed, it's a bullflag lol The shape is unsual

Commento:

And the answer lol

Commento:

Same pattern in process ?

Commento:

Commento:

Clean chart

Commento:

rounded bottom ! Push up again

Commento:

I bought at the rounded bottom, it's a reliable pattern. Then, spike ! Now, I'm searching what it the breakout trendline, to add more

Commento:

I took profit . And wow ETH !!

Commento:

This is a possible path. a possible big dump attemps that will scare people. And... breakout up. it shake today ! week end trading with low volume !

Commento:

Wrong path ! I've found that many time a dump was in process. And a big green candle appear suddenly.

Commento:

No direction ! still waiting a breakout, up or down. Entering is position now, it's just having a 2% better position. Target: 14k may be. +20%. I don't bet. I want something reliable

Trade attivo:

Breakout :)