Bullish and Bearish Scenarios

Bullish and Bearish Scenarios

This chart shows likely scenarios for RCN/BTC

If you want to trade successfully you need to plan out the possibilities and have planned reactions to the price action…
“If this happens i will..”

For example:

“if the price reaches my head and shoulders target i will sell 50% and wait for the pull back to the bull Flag”

“If price continues to rise to the second target I will sell the rest of my trading balance”

“If price finds support at the top of the bull flag i will by back in and hold until we hit 850 at the top of the channel.”

“under no circumstances will i chase price.”

“if a candle closes below the 50 day MA i will sell 50% at market price and set a sell order for the other 50 at the rebound point.”

Without prior planning and discipline the market will just steal your money…

Published at Sun, 03 Nov 2019 09:22:24 +0000

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