Daytrading with Matthew and Area of interest
Updated
BTCUSDIn recent ideas, we considered the output of the 5 wave triangle, which gave us 6% profit. Soon the wave of growth will end and it will be followed by correction. For you, I noted on the chart the daily zones, where you can short on your trading strategy. And areas of interest, the place where the volumes for long will accumulate. Good luck, i will watch at the situation with you
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I think it's time to prepare for the short.
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At lower time intervals, we see a pattern of an expanding triangle, usually it signals a reversal structure. The chance of him breaking down is greater than up. But this option is not necessary
But someone here can also see the pattern of the Head and shoulders
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let's see how it will work outNote
another signal to our piggy Bank. Bearish divergence at 4H
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it could be a finished wave.
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all waves of wrestle can be go in short, divergence, too, gained traction
Trade active
but I recommend to go on a break, because the probability of breaking up is lower but still thereNote
I set a reverse stop order, if the price goes up I will turn around automatically in long. In General, the risk / profit ratio is tasty
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ABC Correction and retesting the broken triangle
Order cancelled
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