Didn't actively trade this but shows clearly how nice the Renko style is in identifying trend changes. Amazing scalps are possible with scripts and bots.
Follow easy steps for more $B and reversal meme. If we go lower than 7k, open bible.
A look back at the previous areas of resistance and support which show clear capitulation sell-offs before continuation of the trend.
It's interesting how different the Korean BTC chart is to USD. Let's see if this plays out.
BTC HVF looking likely. High RRR, continuing with the trend. I've entered a a small position at L3. Will add some more in case of breach of H3. If this confirms. RIP Altcoins.
Thoughts on BTC at this moment. Currently in rising wedge, expecting a break upwards to challenge resistance at 16k. Need to watch price action past 16k as this could be area of reversal and formation of right shoulder. BTC often reks H&D's but it is still a possibility. If daily candle closes above 17.5k, expect mega moon. Proceed with caution.
Experimenting with low risk, high reward HVFs on smaller timeframe BTCUSD. Will be posting more of these in the future.
It's fun trying to be a bear. I'm not trading this but if I were, the 3 key levels of resistance will be extremely important. Likelihood of BTC getting done by a H&s is small, if it does happen, we can expect a major correction of such levels.