So we are watching this descending triangle just like the rest of the trading world is... nothing new here. I'm not here to call the direction of the move, but to be prepared with trades lined up so that we are ready to jump in when the pattern does break. It's worth noting that I'm showing a BTC CME chart here because it has less noise, so a cleaner pattern. ...
Continuing from my previous post about the bear trap trade. It's important to note that my current trading strategy is to stay in our longs from that bear trap post and ride profits, I will swap coins and bounce around as I see fit but I'm not here to day-trade and bounce in and out on 5 minute timeframes. I don't often post prediction targets or things along that...
My favorite trades to take are when bulls or bears get trapped. These have an EXTREMELY high success rate and are my favorite strategy to trade. Earlier today the bears were trapped by what looked like a pattern breaking lower, but it was regained by the bulls. The reason I love these traps is because the party (bulls/bears) that get trapped, end up getting...