MY BEARISH DOUBLE TOP IS GROWING ITS LEGI have been talking about a double top forming for 3 days saying we are going back down to retest 50K , the bears are going to correct the market the next 2 days as I see a big move coming with my new strategy , if u want to know more about my newest strategy “ THE ELDERLY DR. MOODY’S (BTC) TRADING REMEDY” now go to my last 2 posts to see why I named it this? Anyway bulls be very careful, I’m very bullish and a bull in bitcoin but we do have to have health corrections and I see one now as we have hit a current top.
Alexanderelder
WE HAVE A DOJI POSSIBLE REVERSAL On the DAILY, as I stated in my last post we have a huge bearish DOUBLE TOP) pretty much formed all the way now with only the right side to come down and break neckline, I believe we may be going down to restest 50K as all my indicators on my new strategy have all gone red, all reversing from the green we have had for last 20 days of daily candles, the bears are about to take us down for a healthy correction, read my last post from today with details on why and what my new strategy is based on and how incredibly accurate it has been backtesting it and now with 10 trades in a row with all wins, I have a new system, risk management and strict rules with using my new strategy, u can get full details on the many indicators, signals, scripts used and by some of the best indicator builders (ELDER) and trading-view pro script writer (CHRIS MOODY) and couple other pro script writes scripts/indicators used in my strategy called “ THE ELDERLY DR. MOODY’S (BTC) TRADING REMEDY” u see I used ( ALEXANDER ELDER AND CHRIS MOODY ) in the name of strategy since both combined I’m using (7) of there builds/scripts/indicators (4) from ELDER , that is the meat of the strategy with (3) MOODY, also mentions for (JUSTUNCLEL) and (TORY) Aswell as (ANAN) , (LAZY BEAR) and (LONESOMETHEBLUE) so u know I have created a incredible indicator with pros like that, see more in my last post!
#SHA256BITTRADER
SET Shopping timeIt's shopping time! This week is the week of opportunity!
After COVID19 Sell on March.
MACD histogram has increase (more +) (red -> pale red)
MACD & Signal start to rise from -0 (sub zero)
This week the pattern is similar to that month.
The Different is MACD is +0
My strategy is buy any stock you like with uptrend, strong fundamental.
Dont't forget to stop loss trader.
:))))))))))))))))))))
Bullish reversal BHRecently I have finished reading "New trading for a living" by Dr.Alexander Elder.
In the chart I see bullish reversal pattern similar in the book
-MACD-Histogram/MACD signal Bullish reversal
-False Break at 105.5
-The price pull back to the resistance line 107.5
-Increase volume
Actually the ideal price for buy is 105.5-107.5
But I see the chart today so there is a price pullback so there should be an opportunity
Stop loss is 107.75
So if I buy today at 118.0 so it's a bit of risky (loss -8.5%)
In the book said you should never loss more than 2-6% of your portfolio
So
1) move stop loss
2) wait