BTCCNY: 8h RgMov trade setup
Updated
The 8h chart shows a nice buy opportunity on a break of the last bar's high after the close. The RgMov indicator shows the trend is up, so buying pullbacks is always a good idea.
I'm adding a 25% position here, and adding 25% more on a break of this bar's high, targetting a retest of the 5350+- zone. There's also a chance that we break the highs, triggering a short squeeze rally, after forced liquidation of the short sellers.
I labeled previous buy setups like this one on chart, to give you an idea of the effectiveness of the method in this timeframe. If you're interested in learning more about how I trade, don't hesitate and send me a pm for more information.
Good luck,
Ivan Labrie.
I'm adding a 25% position here, and adding 25% more on a break of this bar's high, targetting a retest of the 5350+- zone. There's also a chance that we break the highs, triggering a short squeeze rally, after forced liquidation of the short sellers.
I labeled previous buy setups like this one on chart, to give you an idea of the effectiveness of the method in this timeframe. If you're interested in learning more about how I trade, don't hesitate and send me a pm for more information.
Good luck,
Ivan Labrie.
Note
We can add to longs, later today, in roughly 9 hours.
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