BTCUSD getting closer and closer
Updated
Situation is getting clearer and nearer.
Levels for this trade are set and now let the market do its thing.
Now, I have been calling this for some time now. It is always nice to be right but it means nothing! What matters is that I was not on the wrong side of the market and buying the breakout above 25/04/2018. The correction is now a gift from the market. So trade as per your system with proper risk management and do not over leverage.
Crypto are so much amazing and more interesting than regular forex or stock! Have fun.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 06/05/2018-12/05/2018, I propose ETHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Levels for this trade are set and now let the market do its thing.
Now, I have been calling this for some time now. It is always nice to be right but it means nothing! What matters is that I was not on the wrong side of the market and buying the breakout above 25/04/2018. The correction is now a gift from the market. So trade as per your system with proper risk management and do not over leverage.
Crypto are so much amazing and more interesting than regular forex or stock! Have fun.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 06/05/2018-12/05/2018, I propose ETHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Note
we have enough swings to the downside and RSI divergence is present so marginal new high should be expected but BTCUSD can turn anytime now. ETHUSD is also off its equal leg so I'll wait.Trade active
won't brag out because this is not my style, but man, this one feels good!both price and RSI paths matching perfect.
Now, let the market do its thing
cheers
Note
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