Z0x Protocol / Bitcoin
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ZRXBTC - will the pattern repeat?

253
Last idea was successful and made some profits. Let's try to exploit ZRX movement again.

ZRX did it already two times in the past and is kind of forming ascending broadening wedge. In the last four days it formed also triple bottom and is currently above all MAs on 4H timeframe, riding nice above 200 MA.

Idea is based on assumption that it will retrace once again, where I will put two orders (Entry 1 and Entry 2) with stop loss just bellow 200 MA.

In case it won't retrace but will rally from here, I'm willing to enter on breakout, currently with the same stop loss.

Targets are 0.618 Fib retrace level of last drop and just bellow previous high. If things will look pretty, I'll leave part of trade for longer run.

Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Not
Hm, maybe Entry 1 is not such a good idea, if this harmonic is of any value. I'll watch it at that level and if it will behave, I'll open an order.

ekran görüntüsü
Not
After some thinking and a beer, Entry 1 stays, just a little bit smaller than was planned at start :)
Not
Entry 1 got filled.
İşlem aktif
Not
Added some more here, removed breakout entry.
Not
Entry 2 also got filled in.
İşlem kapandı: durdurma seviyesi
Stop reached. I hope it won't just turn to upside now ... let's see.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.