Idea seen bullish. Currently bearish towards set up. Looks like Bitcoin wants to smack its previous euphoric high like 2017 as resistance before it springs to 250k this August 2021 ish. 6mo swing.
Roll stops to BE quick and let em ride to the moon. (Safemoon coin looking like a good buy right now too FYI)
Scalping: Seeing lots of Elliot waves true on the 5 and 15 time frames. Bouncing off 1.618 retracements up to outer trend lines. Look to buy confirmations at trend line breaks.
Reading candlesticks for reversals: (Direction to your favour after knowing the direction you expect and confirm with 3+ tools of choice, at a minimum)
- Trend line Break and retests
- Head and shoulder/ but kings crown more successful because of neck line breaks.
- Shooting stars, Morning/Dark clouds etc
Always to attention of 50 EMA - is the best.. Like magic
Also referencing:
RSI set to 80/20 for over bought/sold
OBV - alerts set in MT4Pro when crossing bearish/bullish
Fundamentals: Also spot the weakening US dollar as they print for stimulus covid relief, as well as CPI reports coming in higher than expected. Keep an eye on the DOLLA INDEX while scalping the run.
Will Post follow up to see how this plays.
Might see your boy on a shopping spree!
Happy Trading!
Spirochill
-Learn to Earn Project
Roll stops to BE quick and let em ride to the moon. (Safemoon coin looking like a good buy right now too FYI)
Scalping: Seeing lots of Elliot waves true on the 5 and 15 time frames. Bouncing off 1.618 retracements up to outer trend lines. Look to buy confirmations at trend line breaks.
Reading candlesticks for reversals: (Direction to your favour after knowing the direction you expect and confirm with 3+ tools of choice, at a minimum)
- Trend line Break and retests
- Head and shoulder/ but kings crown more successful because of neck line breaks.
- Shooting stars, Morning/Dark clouds etc
Always to attention of 50 EMA - is the best.. Like magic
Also referencing:
RSI set to 80/20 for over bought/sold
OBV - alerts set in MT4Pro when crossing bearish/bullish
Fundamentals: Also spot the weakening US dollar as they print for stimulus covid relief, as well as CPI reports coming in higher than expected. Keep an eye on the DOLLA INDEX while scalping the run.
Will Post follow up to see how this plays.
Might see your boy on a shopping spree!
Happy Trading!
Spirochill
-Learn to Earn Project