Trading A Countertrend move
Updated
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-
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
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
Note
Think Risk Management - Stop at 33800Trade closed manually
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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