I see #BTC retesting the ascending triangle one more time before having some real bullish momentum.
The perfect trade would be too short 4200-ish on the 4th of April if Day TD does manage to finish on a 9. I suspect 12H TD will also be on a TD9...call it a feeling.
The short trade:
Entry is time and price based - 3rd Aprile -> 6th Aprile 4150 -> 4260.
SL is 4290 on this short.
TP should be on the hypotenuse of the triangle, so it's dynamic - 3650-ish might be a good guess.
The Long trade:
Longing on the hypotenuse of the triangle is a very good trade again since invalidation is near and the target is above 4600 area. R/R is fantastic.
Invalidation of the Long trade means fresh new ATL is in sight targeting sub 3K levels.
I will update as we move forward.
The perfect trade would be too short 4200-ish on the 4th of April if Day TD does manage to finish on a 9. I suspect 12H TD will also be on a TD9...call it a feeling.
The short trade:
Entry is time and price based - 3rd Aprile -> 6th Aprile 4150 -> 4260.
SL is 4290 on this short.
TP should be on the hypotenuse of the triangle, so it's dynamic - 3650-ish might be a good guess.
The Long trade:
Longing on the hypotenuse of the triangle is a very good trade again since invalidation is near and the target is above 4600 area. R/R is fantastic.
Invalidation of the Long trade means fresh new ATL is in sight targeting sub 3K levels.
I will update as we move forward.