LONG- only if BTC holds steady
- Consolidation inside a Trading range
- Large Inside bars (smaller inside bars- better/stronger signal)
-symmetrical triangle
- BULLish RSI
-DMI turning up
-decreasing BULL volume on consolidation
Strategy-
1. if BTC holds up, start buying quantity inside trading range as I don't mind extra risk on entries
2. add qty on breakout
3. sell into strength on retest of upper boundary- volume and strength of breakout will dictate how far past the resistance price action will carry before retest of upper boundary
4. add quantity on RSI bounce
5. book profit again into strength -heading to TP2
6. trailing stop loss for remainder
FYI- not in love with this setup as it is inside a non trending market. My conviction level is not super high. We'll see good luck. Chart helps me for Tracking purposes at least
- Consolidation inside a Trading range
- Large Inside bars (smaller inside bars- better/stronger signal)
-symmetrical triangle
- BULLish RSI
-DMI turning up
-decreasing BULL volume on consolidation
Strategy-
1. if BTC holds up, start buying quantity inside trading range as I don't mind extra risk on entries
2. add qty on breakout
3. sell into strength on retest of upper boundary- volume and strength of breakout will dictate how far past the resistance price action will carry before retest of upper boundary
4. add quantity on RSI bounce
5. book profit again into strength -heading to TP2
6. trailing stop loss for remainder
FYI- not in love with this setup as it is inside a non trending market. My conviction level is not super high. We'll see good luck. Chart helps me for Tracking purposes at least
Trade active
Note
breakout soon
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.
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.