Feb 17 Crypto: Bear Trap or Reload Short Setting Up?
FEB 17, 2020:
BTCUSD ANALYSIS
* Finished my thoughts onBTCUSD from yesterday and worked down to the 4HR charts.
* Generally looking for a short trade to set up against old highs (RLZ) heading in to either Tuesday or Wednesday London Kill Zone.
* Alternatively I think it's possible for this pullback to be a trap and I see a fair chance of BTC making 1 last leg up in to ~11.1K area. "Blow off top" kind of idea..
ETHUSD ANALYSIS
*ETHUSD Easily the best looking big cap coin (based on price momenum & volume/volume momenum)
* Technically much more upside and looks like a superior investment on a significant pullback (compared to BTC).
IN SUMMARY
Gotta be tuned in here because:
1) If you are still long off any of the lows and haven't taken profits, you might still get a chance to book some profits near the top end of the range.
2) If we do pullback significantly, you need to HUNT your names and be ready to buy against the lows when/if your setup fires. I'm still saying it could be one of the last great buying opportunities of the decade. (Not trying to induce FOMO, please be smart and disciplined).
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COMMUNITY:
Feel free to DM me on here if you're interested in joining a discord trading group with fun discussions and great trade ideas being shared throughout the day.
--
THANKS!
BTCUSD ANALYSIS* Finished my thoughts on
BTCUSD from yesterday and worked down to the 4HR charts.* Generally looking for a short trade to set up against old highs (RLZ) heading in to either Tuesday or Wednesday London Kill Zone.
* Alternatively I think it's possible for this pullback to be a trap and I see a fair chance of BTC making 1 last leg up in to ~11.1K area. "Blow off top" kind of idea..
ETHUSD ANALYSIS*
ETHUSD Easily the best looking big cap coin (based on price momenum & volume/volume momenum)* Technically much more upside and looks like a superior investment on a significant pullback (compared to BTC).
IN SUMMARY
Gotta be tuned in here because:
1) If you are still long off any of the lows and haven't taken profits, you might still get a chance to book some profits near the top end of the range.
2) If we do pullback significantly, you need to HUNT your names and be ready to buy against the lows when/if your setup fires. I'm still saying it could be one of the last great buying opportunities of the decade. (Not trying to induce FOMO, please be smart and disciplined).
--
COMMUNITY:
Feel free to DM me on here if you're interested in joining a discord trading group with fun discussions and great trade ideas being shared throughout the day.
--
THANKS!
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