BULLSEYE! – It took 8 days but finally U$ 9.2k!
Another perfect bullseye for the account! We’ve been saying about the U$ 9.2k since April 21, and the trade was triggered on April 22. We are talking about a Harami-cross candlestick pattern, above a trendline and near the 21 ema. It’s impossible to be a more obvious trade than that. We bought BTC under the U$ 7k, and you can check my first call here:
I already took my profits yesterday near U$ 9k (yes, I could’ve sold a little higher, but I’m not complaining). But if I didn’t take any profits yesterday, I would today for sure. BTC just reached our target, the most important one, and it seems is doing a bearish pattern that I wouldn’t wait to be confirmed.
The daily chart shows us something that could be a Shooting Star pattern (we should wait for the close to confirm), with a very long upper shadow. The hourly chart is doing what could be a Head and Shoulders, as you can see here:
Neither of these patterns were confirmed, but if they do, the price can sink down to U$ 7.4k or back to the purple trendline, then, we will buy again 😉. The price could drop until that level without losing its upward trend.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
I already took my profits yesterday near U$ 9k (yes, I could’ve sold a little higher, but I’m not complaining). But if I didn’t take any profits yesterday, I would today for sure. BTC just reached our target, the most important one, and it seems is doing a bearish pattern that I wouldn’t wait to be confirmed.
The daily chart shows us something that could be a Shooting Star pattern (we should wait for the close to confirm), with a very long upper shadow. The hourly chart is doing what could be a Head and Shoulders, as you can see here:
Neither of these patterns were confirmed, but if they do, the price can sink down to U$ 7.4k or back to the purple trendline, then, we will buy again 😉. The price could drop until that level without losing its upward trend.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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