Bitcoin - Double Shouldered IH&S
Trade 1:
Side: Long
Entry: 8591.0
Strop Loss: 8549.0
Target: 9189.0
RR(BTC): 10.25
RR(USD): 14.24
Trade 2:
Side: Short
Entry: 9332.0
Strop Loss: 9471.0
Target: 7721.0
RR(BTC): 12.88
RR(USD): 11.59
Trade 3:
Side: Short
Entry: 9289.0
Strop Loss: 9631.0
Target: 7721.0
RR(BTC): 5.45
RR(USD): 4.58
The current state of all November trades can be found in the following spreadsheet:
docs.google.com/spreadsheets/d/1c_i0ihpXUBumntv8EORSHFwHNdoYwTo8VJbRrDpuOig/edit?usp=sharing
This Post will be updated any time a trade is added/cancelled/changed/opened/closed.
|O.o|
Side: Long
Entry: 8591.0
Strop Loss: 8549.0
Target: 9189.0
RR(BTC): 10.25
RR(USD): 14.24
Trade 2:
Side: Short
Entry: 9332.0
Strop Loss: 9471.0
Target: 7721.0
RR(BTC): 12.88
RR(USD): 11.59
Trade 3:
Side: Short
Entry: 9289.0
Strop Loss: 9631.0
Target: 7721.0
RR(BTC): 5.45
RR(USD): 4.58
The current state of all November trades can be found in the following spreadsheet:
docs.google.com/spreadsheets/d/1c_i0ihpXUBumntv8EORSHFwHNdoYwTo8VJbRrDpuOig/edit?usp=sharing
This Post will be updated any time a trade is added/cancelled/changed/opened/closed.
|O.o|
ملاحظة
Formation appears to be double head and double shoulderTrade 4 Added:
Trade 4:
Side: Short
Entry: 8779.0
Strop Loss: 8817.0
Target: 8621.0
RR(BTC): 3.03
RR(USD): 4.16
تم فتح الصفقة
Trade 4 Openملاحظة
Potential stop loss hunt to break IHS structure, if this is caused by manipulation then this would not invalidate the structure in my opinion. Stop loss of trade 4 lowered, trade 5 added with entry below head.Trade 1 Updated, Trade 5 Added:
Trade 1:
Side: Long
Entry: 8591.0
Strop Loss: 8539.0
Target: 9189.0
RR(BTC): 8.49
RR(USD): 11.50
Trade 5:
Side: Long
Entry: 8547.0
Strop Loss: 8519.0
Target: 9189.0
RR(BTC): 14.91
RR(USD): 22.93
ملاحظة
Trade 1 and 5 Updated:Trade 1:
Side: Long
Entry: 8551.0
Strop Loss: 8519.0
Target: 9189.0
RR(BTC): 13.34
RR(USD): 19.94
Trade 5:
Side: Long
Entry: 8531.0
Strop Loss: 8499.0
Target: 9189.0
RR(BTC): 13.74
RR(USD): 20.56
ملاحظة
Trade 1 Updated, Trade 5 Cancelled:Trade 1:
Side: Long
Entry: 8506.0
Strop Loss: 8474.0
Target: 9189.0
RR(BTC): 14.36
RR(USD): 21.34
أغلقت الصفقة: تم الوصول للهدف
Trade 4 Closed at Targetملاحظة
My entry may be too low and I may miss out, but I have been noticing a lot of manipulation lately and I think that we could be in the middle of a Wyckoff accumulation pattern.If I miss out on this entry and the IHS structure holds, I plan to enter long on the return move (retest of the neckline)
Trade 1 Updated:
Trade 1:
Side: Long
Entry: 8506.0
Strop Loss: 8464.0
Target: 9189.0
RR(BTC): 11.64
RR(USD): 16.26
ملاحظة
Trade 1 Updated:Trade 1
Side: Long
Entry: 8486.0
Strop Loss: 8436.0
Target: 7721.0
RR(BTC): -13.81
RR(USD): -15.30
ملاحظة
**Previous comment was incorrect**Trade 1 Updated:
Trade 1:
Side: Long
Entry: 8486.0
Strop Loss: 8436.0
Target: 9189.0
RR(BTC): 10.33
RR(USD): 14.06
ملاحظة
Trade 1 Updated:Trade 1:
Side: Long
Entry: 8476.0
Strop Loss: 8436.0
Target: 9189.0
RR(BTC): 12.61
RR(USD): 17.83
ملاحظة
If right shoulder breaks below head then I expect the Wyckoff accumulation pattern to follow:encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRdVx6CjTsZ0hxAE4J-wKk8WkBB4HQqhH_HHpSUe4uzTmUlGpX_
I will add trade 6/update trade 1 to a lower entry if another 2 hours or so pass
ملاحظة
Trade 1 updated:Trade 1:
Side: Long
Entry: 8471.0
Strop Loss: 8436.0
Target: 9189.0
RR(BTC): 14.07
RR(USD): 20.51
ملاحظة
Potential drop to Long Entry within the hourملاحظة
Trade 6 Added (Open):Trade 6:
Side: Short
Entry: 8625.0
Strop Loss: 8651.0
Target: 8501.0
RR(BTC): 3.08
RR(USD): 4.77
ملاحظة
Trade 6 Closed at break even ملاحظة
Trade 1 Updated:Trade 1:
Side: Long
Entry: 8426.0
Strop Loss: 8398.0
Target: 9189.0
RR(BTC): 17.60
RR(USD): 27.25
ملاحظة
Trade 7 Added:Trade 7:
Side: Short
Entry: 8737.0
Strop Loss: 8801.0
Target: 8501.0
RR(BTC): 3.06
RR(USD): 3.69
ملاحظة
Trade 7 Cancelledملاحظة
Trade 8 Added:Trade 8:
Side: Short
Entry: 8646.0
Strop Loss: 8667.0
Target: 8511.0
RR(BTC): 3.90
RR(USD): 6.43
ملاحظة
Trade 8 Cancelledملاحظة
Trade 1 Updated, Trade 9 Added:Trade 1:
Side: Long
Entry: 8426.0
Strop Loss: 8368.0
Target: 9189.0
RR(BTC): 9.82
RR(USD): 13.16
Trade 9:
Side: Long
Entry: 8387.0
Strop Loss: 8348.0
Target: 9189.0
RR(BTC): 14.28
RR(USD): 20.56
ملاحظة
Trade 1 updated, Trade 9 Cancelled:Trade 1:
Side: Long
Entry: 8391.0
Strop Loss: 8347.0
Target: 9189.0
RR(BTC): 13.00
RR(USD): 18.14
ملاحظة
Trade 10 Added:Trade 10:
Side: Short
Entry: 8568.0
Strop Loss: 8601.0
Target: 8421.0
RR(BTC): 3.14
RR(USD): 4.45
تم فتح الصفقة
Trade 10 updated - Market sell:Trade 10(Open):
Side: Short
Entry: 8561.0
Strop Loss: 8601.0
Target: 8421.0
RR(BTC): 2.57
RR(USD): 3.50
ملاحظة
Trade 10 closed in slight profitTrade 1 Cancelled
Trade 11 Open:
Trade 11:
Side: Long
Entry: 8551.0
Strop Loss: 8499.0
Target: 9189.0
RR(BTC): 9.17
RR(USD): 12.27
I think we have already seen the spring and are currently in the test, we should see a bullish reversal soon.
ملاحظة
Trades 2 and 3 Cancelled, Trade 11 Updated:Trade 11:
Side: Long
Entry: 8551.0
Strop Loss: 8499.0
Target: 9289.0
RR(BTC): 10.52
RR(USD): 14.19
أغلقت الصفقة: تم الوصول لوقف الخسارة
Trade 11 Stop Reachedملاحظة
Trade 12 Added:Trade 12:
Side: Long
Entry: 8450.0
Strop Loss: 8419.0
Target: 8639.0
RR(BTC): 4.12
RR(USD): 6.10
تم فتح الصفقة
Trade 12 Activeملاحظة
Trade 12 Cancelled, close in slight profitملاحظة
Trade 12 Added:Trade 12:
Side: Long
Entry: 8412.0
Strop Loss: 8344.0
Target: 8739.0
RR(BTC): 3.82
RR(USD): 4.81
ملاحظة
All trades cancelled, I will soon post new TA with an updated trade plan
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