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LONG BTC Idea*I am not a professional and am using this platform purely as practice* Here's a chart I drew up with a possible bull case for BTC, Any feedback would be greatly appreciated. If this does play out and we break key levels back towards the high 50Ks I'll slowly start selling 25% of my positions every week until I'm fully out. I believe there is one last push for BTC left and am not fully confident we will break and hold ATHs, ALTs will probably see another big rally before the market really comes crashing down. I also think a key point for BTC crashing this hard recently is to do with what we have seen going on in the stock markets. It seems to be following the S&P500 right now. I think this could play in the bull's favor. Most of the big money that got out early will be looking for a re-entry point, last time people waited too long and missed the rally, now they've been given a second chance. With more companies exposed to crypto, we could also see money moving across as companies will see a better opportunity to make profits (Especially with the recent news about Google hiring Paypal exec to help enable crypto payments via google pay). This in theory could cause the blow-off top that most people have been waiting on, I however am not sure we will see a blow-off top. Like I said this is just an idea, I'm not a professional and any tips or advice would be greatly appreciated, Thanks
COINBASE:BTCUSD
by CJMackinnon
US30: Sell if this happensWe are currently trading at a pre defined sell zone. There have been opportunities to catch quick moves and I think if we are to see a bigger move down then price action will respect this zone. You can place a runner at this zone at low risk that extends past the 1.272 or the 1.618. This may account for some market volatility. The trade I currently have marked takes a sell at the .786 and has the stop loss extending 150 pips just past the swing high. The 1st target is at the swing low at around 400 pips for a 1:3 Risk to reward ratio. I'm come to the sell bias using the same methods described in previous posts. With confluence on the lower timeframes I gain confidence in the area. Enough confidence to assume the risk my system has established. Levels of Development LLC is providing this material for this site and any other related sources (including newsletters, blog post, videos, social media and other communications) for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and may not represent specific trades or transactions that we have conducted. In fact, we may use examples that are different or the opposite of transactions we have conducted or positions we hold. All investing and trading in the securities market involves risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments, is a personal decision that should only be made after thorough research, including a personal risk and financial assessment, and the engagement of professional assistance to the extend you believe necessary.
UShort
by LevelsArchitect
US30: Time to SellPrice action has finally reached our sell zone. FYI Price action extended to the 1.618 of the previous structure. Which is just above our previously established sell zone. I apologize, I attempted to post something on the 1 minute chart that showed a pullback area that was ideal before this down move. In any case though we are still in our zone for sells. You can set sell limits that extend just above the swing high just adjust your risk accordingly. I do want to point out that price action could simply be using this zone to establish a new support so PLEASE trade carefully and respect your risk management rules. If price starts to consolidate here be patient and only take sell positions at the top of the range, again with stop losses set above the swing high. Because I'm late to post the move, I'll leave it here for now :) Happy Trading.
UShort
by LevelsArchitect
GOLD (XAUUSD) Time to Grow🥇After reaching a major rising trend line on a daily, Gold leaves a lot of bullish clues. Any breakout white trendline more bullish The price broke and closed above a resistance line of a falling wedge pattern on 4h. It looks like the market is preparing for a strong bullish move. I will expect a bullish continuation to 1887 / 1906 levels. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by Goldsignal75
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