Planning the Bitcoin reversal

9 set 2018

This is what I plan for buying back into BTC. The entry is a new significant higher high with the long term downtrend as a target. With the current information the trade hypothesis would sure be invalid if the price goes down below the Bart candle. This is why I would set my stop-loss there. But I currently won't enter this trade as it could be triggered out of pure volatility. I will wait until Bitcoin drops lower and my entry is more out of reach for usual volatility.

Disclaimer:
I'm a bloody beginner and I'm only publishing that to put some pressure on my to plan and review my trades correctly. This is why it is obviously not financial advice.

9 set 2018

Nota

Please press thumbs up if you like the idea and if you have comments please don't hesitate to write them down. I'm looking forward to other thoughts!

13 set 2018

Nota

To be completely honest, I'm sometimes surprised by the precision of my own TA.
The downtrend served as a good resistance and when it broke out it rallied up to my rectangle resistance and bounced there. I could even have traded the breakout from the downtrend but it was only a R:R of around 1.

13 set 2018

Nota

For me this means it pays off to learn more about plain price action trading.