KMD/BTC - Double bottom + weekly engulfing
Reasons for the trade outlined on the chart.
Using the 50% rule as described in the related idea with ZRXBTC, I see a similar scenario playing out for KMDBTC here.
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
Using the 50% rule as described in the related idea with ZRXBTC, I see a similar scenario playing out for KMDBTC here.
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
Note
Patient traders can place their trades at the top of the candle body of the previous weekly open as illustrated.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.