BTC 4H i. H&S, Daily Bull Flag!
Hello dear crypto friends, hope you're doing well! ;)
Let's have a look at what my mentee Richard posted in the Slack group yesterday:
=> Have a look at the arrows and where BTC currently halted. During our call today, BTC was still on the way down, but it perfectly reversed from the potential right shoulder. Richard called it perfectly.
The potential 4H inverse Head & Shoulder shows itself as a nice Bull Flag on the Daily chart. We can clearly see, that we're still upholding the 61,8% retracement.
Conclusion: The bulls better keep the 61,8% retracement of the last bull up move at 10k, even if they cannot hold the right shoulder at 11k. In that case we would be more descending towards the bottom, this would make the bulls weaker. If we hold the right shoulder, and break above the 112K neckline, we have the potential to reach the current highs at
14K again, giving 15% profit.
Do you have a trading plan with sheets, or are you trading from your head? Do you revenge trade, trying to make the money you lost back immediately, taking huge risk, losing even more? Are you already making gains over the long-term, like a casino, or are you still losing huge amounts, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. Psychology is half the rent in trading, if you don't take it seriously, you will crush your account. I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Let's have a look at what my mentee Richard posted in the Slack group yesterday:
=> Have a look at the arrows and where BTC currently halted. During our call today, BTC was still on the way down, but it perfectly reversed from the potential right shoulder. Richard called it perfectly.
The potential 4H inverse Head & Shoulder shows itself as a nice Bull Flag on the Daily chart. We can clearly see, that we're still upholding the 61,8% retracement.
Conclusion: The bulls better keep the 61,8% retracement of the last bull up move at 10k, even if they cannot hold the right shoulder at 11k. In that case we would be more descending towards the bottom, this would make the bulls weaker. If we hold the right shoulder, and break above the 112K neckline, we have the potential to reach the current highs at
14K again, giving 15% profit.Do you have a trading plan with sheets, or are you trading from your head? Do you revenge trade, trying to make the money you lost back immediately, taking huge risk, losing even more? Are you already making gains over the long-term, like a casino, or are you still losing huge amounts, because you have no idea what your strategy is? => Those are all important questions, where are I can help you with. Psychology is half the rent in trading, if you don't take it seriously, you will crush your account. I wish you a good trading! :)
Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
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