IMO Could make for a good scalp with ABCD pattern in play. I'd watch the VWAP crossover. Couldnt add the RSI on chart but oversold, with inc. MACD leading to crossover could set up nicely when looking at ABCD pattern. Will likely trade into ALT that has inverse relation with BTC pair if trade fails.
交易手动结束
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Exited out early with 3.3% profit since I can't trade tonight. The pattern still holds true it seems but since this was a scalp i would have taken any profit for the next few trading days. Not bad for a few hours work. Cheers everyone
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Pattern failed But new opportunities could present itself with 8k level being a major support line. A true break of this retracement level could signal for significant bearish return to 6.8 or even lower to 4.7. Hard to tell but seem depth chart could provide insight to other players strategy.
Something I constantly do is determine whether my positions are one based on emotions or logic. If I can't quickly provide a logical reason, then I demand myself to exit or develop a solid long term plan for the asset. Otherwise, I have no business playing in it.