Notice too that the measured move (orange) has its target right on that lower support line, making me think it's going to be too late for this move (fucking sleep!) and the pullback and potential third measured move wont happen until after that 9350 target is hit.
Nice! That last little #bitcoin upswing gave me the perfect short entry spot off the doubletop trap-high (white). Three primary targets are $9600 (double-bottom), $9350 (measured move) and 9,050 (Fibonacci support).
One of the most important skills Ive developed in trading is having a plan in place ahead of time & sticking to it (actually 3 plans: 1 for up, down & sideways). This eliminates emotional trading. As you can see, my entry was decided long before making it:
Bitcoin bulls putting up a surprisingly good fight considering everyone's so bearish. From TA perspective last move only seemed to confirm top of the downchannel as support. But would need to really explode past this spot before a reversal could even be considered
great tips! :) thanks for sharing
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