Here is an altcoin that has broken out. Here is my setup for it.
- h and s forming - rip
It is time to buy. This is the Optimal Position
- Bear div - Sell signal - Lots of stops below 4950 (free fall to 4600-4300) Makes no sense to long here. This is the Optimal Trading position.
- bullish hl formation - cup formation (buy pressure) - If break above, buy price will push towards $30.00
- ihs - retracement to .79 w consolidation thats about it
- ihs - retracement to .79 w consolidation thats about it
I was holding a bearish bias, which is a great way to lose money. I am going to long soon.