$BTC.X 5 minute interval. An inverted head and shoulder pattern is a common bullish reversal pattern. The other common ones is the double bottom. Well…at least that’s a higher swing low there.
@suserhash @troptrap The pink vertical highlights coincide with an ATR spike near the lows in this case. The crosses below price are mark down levels based on ATR multiples of 3,9, and 27 below the swing low.
@suserhash @troptrap If I did not have any position, I would just wait for the 1 minute dot to move below price now. The moment it does, I’ll buy some on market and place a buy limit order at the swing low and at the marked down levels.