ATOM.BTC(Y20.P3.E2).Breakout from Macro structure

13 авг. 2020 г.

Hi All,

~~~ a continuation from the previous post, link below ~~~

Another one I have had my eyes on but with all the things that were happening, I missed the bottom but how many trades can you take?
Having said that, I missed out because I had others on the go and in some cases better trade setup.

Having said that, today's list is shorter and this one stands out for going long.

Observations:
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> On the daily, indicators are bullish (eg MACD where the macd line and signal are wide).
> The macro structure is a of Descending (top declining, bottom flat or bottom rising and with a breakout (reversal structure)
> 12 HRLY looks good with the indicators and candle sticks
> 30 minutes we had 2 touches to retest the resistance line (chart below) which was the inverted barr target

How to trade this?
> wait for consolation below the current resistance line and look for a bullish candle on the 4 hrly or 8 hrly
> refer to my 30 min chart with the 21/34 ema

30 min. chart > we had 2 touches to retest on the resistance line




Please give me a like or tick for this post.

Regards,
S.Sari


8 HLRY chart with clearer overview


DAILY chart > macd and WT indicators crossed over for bullish turn


4 HRLY chart, looking for another retouch and hence place your orders there


PREVIOUS POST

13 авг. 2020 г.

Заметка

I made a slight oversight. I havn't seen the sloping trend retested and hence its likely this slope will be retested before the next leg up.
Again, using the 8 hrly for a bullish candle at this point.

13 авг. 2020 г.

Заметка

Still looking positive

13 авг. 2020 г.

Заметка

slow progress but its doing fine

15 авг. 2020 г.

Сделка активна

It looks like a strong resistance on the weekly candle stick area.
I have flipped some days ago to BTC and when this level is broken, I will jump back in.

17 авг. 2020 г.

Сделка закрыта: достигнута тейк-профит цена

Updated my chart, not much change and the level as to why its stuck, its not that obvious.

25 авг. 2020 г.

Заметка

chart adjusted with targets etc and lesson learnt