FocusWithin

Trading A Countertrend move

Long
FocusWithin Aggiornato   
INDEX:BTCUSD   Bitcoin
Looks like Crypto is rolling over. Surprised ?
A few could predict the move but a very few who could have capitalised on their predictions. Looks like a Zigzag to me i already had a similar idea before. i know its against the trend but its out of my playbook.

Strong Case Points-

  • Centerline Reversal
    S line making sense.
    MACD lines are not spread apart.
    Risk : Reward is great
    Bollinger Band - Touching the Low line

Week Points -


A=C .618 level is broken and next guideline is for A=c 1:1 will take it further down close to bottom line of the channel
Going Against the trend
Commento:
Think Risk Management - Stop at 33800
Trade chiuso manualmente:
A is coming up as if its going to make a flat. In case its an expanded flat ?
Decent Profit booked

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