Easiest long trade of my life:
The pattern very strongly suggests a triangle. That means price is not allowed to drop below wave c (8515). If it does drop below that level, this analysis is invalid.
So I just put my Stop-Loss @ 8514. This brings the risk to reward ratio to at least 1:4. This could easily become a 1:20 trade as reactions after a triangle are often quite violent... This is a very good trade setup that I trade as often as I can.
Let's see how it goes. This will either be a small loss for me or a BIG WIN.
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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
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Nice pennant (bart-)pattern. I entered too. Let's see where it takes us :)
such helpful tips. Thanks for sharing
Frankly, I do not know how many times I have changed the pattern and my EW-count these last few days...it looks as a triangle now and I also agree with you that the results of the break should be explosive...will see
If you have to change it very often, expect a bigger correction pattern.
Dear @ew-and-patterns,
Interesting trading idea, might follow you on that one, if I lose I will not even be mad :).
I wanted to make sure you were aware of the newest community focused on Crypto on Hive. It is called HODL and is aiming to reward underrated Crypto content creators.
You can read more below and be part of it now, we are waiting for you.
Launch of the HODL Tribe - A Crypto Social Community
The most "funny" is I got most of the small delegations from community smaller fishes.
Best,
@hodlcommunity by @vlemon 😉
Hey vlemon. Thanks, I joined.
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