BTCUSD Potential AB=CD Pattern.

Jack Wish you a happy new year and
fruitful 2018

I am very happy to say that in this past one year
I have shared many ideas and hopefully they brought you
more trading logic and trading concepts.
and I am going to continue to do this in the next coming 2018.

my last idea of BTCUSD             is not to chase the high
and now the price drop dramatically and I think I
have made a very good alert to all the investors.

Now in daily chart I finally saw a good pattern for buying
which is this AB=CD move.
D point is at 8029 and the 1.272-1.414 ext is also in the same zone.
So let's wait for price to come into this zone and check for price action by then and ready to buy some Bitcoin             .

Every trading action should comes with a detailed trading plan, otherwise you are simply gambling or trying your luck.
Remember: Always use a small risk amount in exchange of
at least a 2 to 1 or 3 to 1 reward/risk ratio. and that is the key to success. Don't focus too much on winning ratio
because no trade is guaranteed to be 100% safe.
Good luck to all of you guys
May All the traders in tradingview can enhance their lifes
through professional trading.

Best Regards

Yours sincerely : Jack Zhang
Dec 31st, 2017

評論:

評論: we can see the small ab= cd form's BIG C point.

評論:

評論: it follows the AB=CD well

評論:

評論:

perfect retest and going down

評論:

Very nice fall , if you shorted Bitcoin, you can consider to take profit

評論: now we can watch for price action see whether there is any bullish pattern.

評論:

This is a good sign for buyer

評論: Daily Candle make new low
makes the trend still bearish