WANBTC: Reversal looks to be ongoing
Hi All,
Hope all your trades are going well. No Objectivity or Emotions when trading...
There are only three trend which could occur within any market... Uptrend, Downtrend, and Horizontal sideway patterns...
Always have a checklist before entering any trade: Long or Short...
1. The Trade setup 2. The Entry 3. Initial Stop Loss
4. Exit and Trailing Stop 5. Capital size willing to risk
WAN/BITCOIN continues trading in the downtrend channel.
WANBTC attempted to break the channel @ 0.0003399, but was rejected.
It's attempting to break it for the second time 0.0003186, to make lower high.
Hopefully make higher high and high lows for a reversal.
RSI Level: Shows Oversold -40 K & D.
Probability: 60% WANBTC go Higher with a 40% WANBTC go lower.
Keep in Mind when trading: Not to be greedy: Use Trailing Stop Loss...
3-5 Bar Declines: it's an indicator to - Buy
3-5 Bar Increase: it's an indicator to - Sell
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me and like this post if it was helpful, and thank you all...
Like the Phoenix we will rise from the ashes...
Happy trading People...
1W Chart
4HR Chart
1D Chart: Trade Idea 2/1 risk Ratio
Hope all your trades are going well. No Objectivity or Emotions when trading...
There are only three trend which could occur within any market... Uptrend, Downtrend, and Horizontal sideway patterns...
Always have a checklist before entering any trade: Long or Short...
1. The Trade setup 2. The Entry 3. Initial Stop Loss
4. Exit and Trailing Stop 5. Capital size willing to risk
WAN/BITCOIN continues trading in the downtrend channel.
WANBTC attempted to break the channel @ 0.0003399, but was rejected.
It's attempting to break it for the second time 0.0003186, to make lower high.
Hopefully make higher high and high lows for a reversal.
RSI Level: Shows Oversold -40 K & D.
Probability: 60% WANBTC go Higher with a 40% WANBTC go lower.
Keep in Mind when trading: Not to be greedy: Use Trailing Stop Loss...
3-5 Bar Declines: it's an indicator to - Buy
3-5 Bar Increase: it's an indicator to - Sell
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me and like this post if it was helpful, and thank you all...
Like the Phoenix we will rise from the ashes...
Happy trading People...
1W Chart
4HR Chart
1D Chart: Trade Idea 2/1 risk Ratio
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