Hello everyone:
I am also looking at some cryptocurrency as well.
BTCUSD looks like a good sell if the price manages to have another move up towards the top of the channel structure, and higher time frame double tops.
I will then be looking for sell setups from the top. Targeting the lows of the structure, and monitor to see if price breaks lower and continuation correction will form to go lower.
For now, I am not interested in the short buy, but will be active for short sell opportunities when price does reach the top.
Alternatively, if price dropped down from this current structure, then I will not be interested in the sell, since the Risk Reward to me isn't enough for me to justify a trade.
Thank you
I am also looking at some cryptocurrency as well.
BTCUSD looks like a good sell if the price manages to have another move up towards the top of the channel structure, and higher time frame double tops.
I will then be looking for sell setups from the top. Targeting the lows of the structure, and monitor to see if price breaks lower and continuation correction will form to go lower.
For now, I am not interested in the short buy, but will be active for short sell opportunities when price does reach the top.
Alternatively, if price dropped down from this current structure, then I will not be interested in the sell, since the Risk Reward to me isn't enough for me to justify a trade.
Thank you
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