We are Still in the ZONE ! BTCUSD
Updated
Look at that Guys,
BTC Is following the exact path it took recently! Now the main question is, Will it go and hit the major downtrend line? (Yellow Parallel channel)
In my opinion, it will! and might slightly stretch that bullish trend and then get right back down!
using Parallel Channel and Fibonacci we could see what is actually happening. If you are looking for a perfect entry point to Short BTC In the near future, You need to Figure OUT where it will reverse precisely, make sure your TA is right, wait for the confirmation AND Short BTCUSD.
Never Forget that Emotion IS TRADERS BIGGEST Enemy!
For Every trade, Make sure you have established your RISK/REWARD, and followed your RISK Management Tool!
Hope You guys enjoyed the chart and see you in the Update!!
BTC Is following the exact path it took recently! Now the main question is, Will it go and hit the major downtrend line? (Yellow Parallel channel)
In my opinion, it will! and might slightly stretch that bullish trend and then get right back down!
using Parallel Channel and Fibonacci we could see what is actually happening. If you are looking for a perfect entry point to Short BTC In the near future, You need to Figure OUT where it will reverse precisely, make sure your TA is right, wait for the confirmation AND Short BTCUSD.
Never Forget that Emotion IS TRADERS BIGGEST Enemy!
For Every trade, Make sure you have established your RISK/REWARD, and followed your RISK Management Tool!
Hope You guys enjoyed the chart and see you in the Update!!
Note
Since some of you ask ! Yes Its possible to detect a possible reversal pattern using Parallel channel, I happen to have sent a Screen shoot to my Sub couple days ago. One think to make sure before getting in a trade, You need the confirmation that you have a reversal pattern !
Note
When this happen, It gave me the confirmation I need ! Note
Oops Note
Taking a careful look at BTC Right now tells us that we have analyzed the Trend correctly so far !
BTC is heading to the top of is Parallel Channel (Yellow) So far, I believe that we are still in a MAJOR bearish trend !
Enjoy !
Note
We are here today looking at the great Result ! Hope you guys catch the Shorting point like us this morning ! $$$$
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