Using Symmetry Projections For Better BTC Entries
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Using symmetry is awesome for helping you get into a trending market on pullbacks. Here are two actual examples on a continuous daily futures chart of BTC.
The first example was when we had symmetry with a 50% retracement at the 65720-67420 area in this contract. The actual low was made directly inside this zone at 67140 on November 4. This was followed by a rally of 26925 in a couple weeks.
A more recent setup with just symmetry projections came in at the 86720-87000 area of support illustrated on this same chart. The actual low was made on November 15 at 87005, which was absolutely close enough to the support. A rally of $13165 followed the second setup.
We use symmetry in our trading room work every day, and this is what is possible. As the market is pretty well extended to the upside now, most of my traders will be ratcheting up stops on current BTC longs.
