


JaydTrading
Looks like we are in a channel, looking to buy at the bottom.
with HL's. I actually have a slow week so far...everything either took off early or went into opposite direction (I don't take bracket trades). meh. and it's already Thursday. >_<
on daily chart. RR aren't the best, but risk can be easily mitigated once we move below the neckline of the pattern.
Orange entry is my entry setup at the moment. Will make it a more aggressive entry 10 minutes before 2am EST.
the time I'm posting this, I have a 0.93459 bullish trigger on $USDCHF. It's probably not gonna get triggered.
The current pattern has showed up once, a triangle pattern plus a bounce above EMAs. It's likely that it will do the same this time, ie. making a higher high, and of course, unless it doesn't.
Still going sideways. within range between 100.40 & 96.20. DX can be boring until it breaks out the range.
Trading plan v.2 If it doesn't work, it doesn't work.
Bullish possibility: Could break out of that diagonal resistance, and continue up, furthest to HOD of 2014/12/18 and starts to weaken, which likely to be the top of the upward channel drawn on chart. Bearish possibility: Complete the triangle pattern, and then make its break out a few days later.
Trading Plan V.2 More bearish than bullish. Safer entry: Below 3/27/2015 candle.
Looks to me Bitcoin is gonna go sideways for weeks... unless it doesn't. Possible channeling trades on Daily.