Entry for us is the top of this four hour bar at 0.01668, (or above)
Stop Loss below the bar at 0.1540
Target 1 is 0.0181 (Black line)
Target 2 0.01931 (Higher Black line)
For you to make dollars your decisions need to make sense. The close of the bar falls below our level its no longer a signal, and we need to wait for the next bar and hope for a decisive (Closes by the top) Buying bar (Green). You may be able to go to the 1H chart and find an earlier entry. Just remember that the lower the timeframe, the closer the stop loss. This equals better reward to risk, and a higher % of losses.
I also just noticed there is a mistake above with stop loss level its .0154 but this was for those that bought in at top of bar .0160 so you can make it a little tighter.
Enjoy the profits everyone
Volume is building again and we are back into a buying range.
However we had purchased into what looks to be a false breakout, or the bitcoin run last night dropped the trade.
I just wanted to update this as I nearly reposted it this morning when i looked at charts, as you will see on the chart below with the time. The trade looks quite strong.
I thought i would publish the below so you have new targets incase anyone trading this still.
Having run up around the start of the year ZCLBTC has ranged for until recently. It has now broken the 0.0156 resistance level to put in a new recent high, (Orange Arrow up) It has then reversed to the 0.0156 level (orange Arrow down) giving us a higher low. We are looking for a decisive buying bar (closes by the top) on the daily, 4H or H chart. If we get that I will but when price takes out the high of the bar, with SL 0.0149
Trade on D/4h or H Chart
Entry: First decisive buying bar, buy above the high of the bar
SL below the low of the bar
I will post updates as we go.