Acending bottom formation scenario ''IF'' the BTC bottom is in
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Hi everyone,
Like mentioned in previous published ideas we showed you to always be prepared for multiple scenario's
In our previous trade plan we showed an possible 'SHORT' swing trade setup for BTC with targets below previous low.
In this chart we show (incase of an invalidation on the short swing setup) how we could approuch the market ''IF'' BTC already bottemed out. And will see an Acending bottom formation showing up like in this example.
This is aswell an possible trade plan based on a potential scenario where we still have 0 conformation on that it will play out,
But.... ''IF'' this scenario could play out, we are well prepared for it.
A scenario is a guide with rules for conformations, and invalidations. No mather wich scenario will play out ( becease there to are many of them ) aslong you are prepared on the most of them you are able to make better and saver decisions in your trading.
Just Always have a plan and trade based on a position out of strenght, but also having a plan B,C,D etc.. just think like an piece of code --> if this...--> then that--> if this not--> then this..
Enjoy this possible scenario thread,
Quantistic
Like mentioned in previous published ideas we showed you to always be prepared for multiple scenario's
In our previous trade plan we showed an possible 'SHORT' swing trade setup for BTC with targets below previous low.
In this chart we show (incase of an invalidation on the short swing setup) how we could approuch the market ''IF'' BTC already bottemed out. And will see an Acending bottom formation showing up like in this example.
This is aswell an possible trade plan based on a potential scenario where we still have 0 conformation on that it will play out,
But.... ''IF'' this scenario could play out, we are well prepared for it.
A scenario is a guide with rules for conformations, and invalidations. No mather wich scenario will play out ( becease there to are many of them ) aslong you are prepared on the most of them you are able to make better and saver decisions in your trading.
Just Always have a plan and trade based on a position out of strenght, but also having a plan B,C,D etc.. just think like an piece of code --> if this...--> then that--> if this not--> then this..
Enjoy this possible scenario thread,
Quantistic
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