ARN up trend opportunity!
Updated
Welcome to everyone!
ARN has been looking for a break out and it finally happend!
Now there are 2 profitable scenarios that might happen in the future, which I will only trade based on the price action on that very moment since that can still have a enormous impact since this
is a very speculative trade setup. Trade setup 1, we go in a uptrend and we find our higher low which is likely to be found soon since the RSI and EMA's are indicating on a overextended up movement combined with a Doji indicating a shift in the buying and selling power.
Trade setup 2 is that we completely ignore the potential up trend and go back to sideways movement at the previous bottom which acted as a strong support for a fairly long time period. For each of these setups there are stop losses and buy zones. You could trade both setups but I'd suggest
Going on the lower end of the buy zones if you are going to attempt that, to lower your potential risk of losing funds.
Trade setup:
-The trade is based on the golden cross of the EMA 100 and 50
-Break out of the pattern indicating a opportunity for a uptrend
-Support and resistance areas which are crystal clear
-BB over extension and short term uptrend confirmation
-Risk vs Reward ratio
A more aggressive, simplistic and overall speculative trade which is different from my normal trades but it might just pay off, lets watch what is going to happen in the coming weeks!
I'm not using a large volume for this trade since the risk/reward is great because of the step outside my normal trading strategie.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock/cryptocurrency picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. These are not facts but my personal views and opinions.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
ARN has been looking for a break out and it finally happend!
Now there are 2 profitable scenarios that might happen in the future, which I will only trade based on the price action on that very moment since that can still have a enormous impact since this
is a very speculative trade setup. Trade setup 1, we go in a uptrend and we find our higher low which is likely to be found soon since the RSI and EMA's are indicating on a overextended up movement combined with a Doji indicating a shift in the buying and selling power.
Trade setup 2 is that we completely ignore the potential up trend and go back to sideways movement at the previous bottom which acted as a strong support for a fairly long time period. For each of these setups there are stop losses and buy zones. You could trade both setups but I'd suggest
Going on the lower end of the buy zones if you are going to attempt that, to lower your potential risk of losing funds.
Trade setup:
-The trade is based on the golden cross of the EMA 100 and 50
-Break out of the pattern indicating a opportunity for a uptrend
-Support and resistance areas which are crystal clear
-BB over extension and short term uptrend confirmation
-Risk vs Reward ratio
A more aggressive, simplistic and overall speculative trade which is different from my normal trades but it might just pay off, lets watch what is going to happen in the coming weeks!
I'm not using a large volume for this trade since the risk/reward is great because of the step outside my normal trading strategie.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock/cryptocurrency picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. These are not facts but my personal views and opinions.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Note
Suggesting you buy on the low end of the buy zones because of BTC moving upwards.Trade active
Still within buy 1, activate the stop loss when there is a filled candle crossing it.Trade active
Buy zone 1 has ended with about a 4.5% loss. buy in 1 has been closed, buy zone 2 still active.Trade active
Take profit 1 hit for buy zone 2.Note
Take profit 2 hit for buy zone 2Trade active
Trade closed: stop reached
2 Profit targets have been hit, I am more than happy!
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