NEM / Bitcoin
Long
Updated

STRATBTC 1D Adam/Eve Early Edge to Edge

129
Bullish Thesis:
-Adam/Eve pattern anticipates potential bottom/reversal
-Yesterday candle close inside cloud creates partially valid Ichimoku edge to edge setup

Risk/Counter Thesis:
-TK cross has not happened yet and may not happen
-Bullish kumo twist has not happened yet and may not happen
-Altcoin/Bittrex/Low Liquidity/Macro Landscape Bearish

Entry:
0.00000505 (current bid)

Stop Placement:
Greater than ATR (22 sats) below current price
Invalidation of Adam/Eve pattern

Early Close condition:
Can be manually stopped for reduced R if closes below cloud
Note
Idea is incorrectly named STRATBTC
Should be XEMBTC
Tradingview does not allow corrections 15 minutes after publishing
Trade closed manually
Price closed below ichimoku cloud
Criteria met for reduced loss early closure
Closing at market

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