Discussion on the trend of btc
Technology: Rule 123 (Case: 2020.2 about period 4h)
1. Below the trend line: 2.17 16:00
2. The top is not a new high: 2.20 4: 00 high 10500
3. Below the neckline: 2.20 4: 00 below 9410
Trading plan development:
Entrance price: short near the neckline (near 9410)
Stop price: above the previous high (above 10500)
Take profit price: double or double or more (8300 or 7200, etc.)
Combining this case,
You can try to find out whether this trend meets the 123 rule?
If so how do you make this deal?
Technology: Rule 123 (Case: 2020.2 about period 4h)
1. Below the trend line: 2.17 16:00
2. The top is not a new high: 2.20 4: 00 high 10500
3. Below the neckline: 2.20 4: 00 below 9410
Trading plan development:
Entrance price: short near the neckline (near 9410)
Stop price: above the previous high (above 10500)
Take profit price: double or double or more (8300 or 7200, etc.)
Combining this case,
You can try to find out whether this trend meets the 123 rule?
If so how do you make this deal?