XBTUSD SELL
Updated
From what I've gathered of TD Sequential, if the highs of bars 6 and 7 are exceeded by the highs of bars 8 or 9 then this is a sell signal. Is this what I'm looking at on the 4HR XBTUSD? MavilimW hasn't turned red, the A2MK's Green line hasn't crossed the Orange, but we've hit the 0.786 Fib with precision at $5800.00. Something is telling me a correction down to around $5425.00 is very likely, with possibly more downside to come, but feel free to leave comments on how you use TD sequential and if this is the right way of looking at things, I always want to learn more. I've noticed a lot more in the way of mainstream media covering BTC and how amazingly it's performing, Google are sending me alerts and even Nike released a presser on their new CryptoKicks. It's too soon for the return of the bull run for me though, mainstream media always makes me read between the lines, especially when they are pushing crypto.
Note
MavilimW now red and ASMK green crossed the orange fairly well on the hourly chart, looking good so far.Note
A2MK*Note
Perfect Entry.Note
So, I entered at $5667.50 with a liquidation price at 6253.50...trailing stop, but as of yet no profit locked. From what I'm looking at, despite all the hype surrounding the start of a bull run, is a retest of the $5800.00 region. After yesterdays sell off from $5840.00 - $5497.00 we could have closed and made 31.06% at 10X. However, the original plan of BTC coming down to $5425.00 - $5020.00 is still in play with a potential 129% profit to be made. I'm learning not to be greedy but I've also closed out of trades too soon so am now sticking my plan regardless. If you have any comments or ways to help me improve, feel free to post below.
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