Bitcoin-short
...And now I short back down to the 50 day MATraders,
BTC will most likely retest that 50 day. It's been a few weeks since we were on the upside of it. And with the 100 day overhead acting as resistance, I can't think of a better entry than here. I will short with 5x leverage. TP = 19,600. SL = 21,000 (yes, I know that's tight - loosen yours if you are comfortable doing so).
Best!
Stew
BTC New bullrun or not?Yesterday we broke huge trendline on BTC and broke 20400 level with an impulse. Today we will see if price is strong enough to hold itself above it.
If price holds, I expect green scenario.
If candle clothes below the level, I expect red.
Why I have bearish view?
Let me ask you first - Why should crypto start new bullrun right now?
1. European economy is in shambles because of high gas and electricity prices.
2. Whole world is suffering because of strong USD as USD is reserve currency for most of the countries.
3. There currently elections in US - good reason for democrats to keep financial markets afloat
4. WInter is ahead - not the best time for market growth
For me that's enough to look at current situation as a trap - the only question is - what is the scale of this trap?
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
BTC/USD Bitcoin tried to broke out of descending channel but strong support and resistance level came in and now I'm expecting drop all the way down to 10.700$ area.
Looking from fundamental view I also see another leg down because of high yields and FED still raising interest rates.
I'm not panicking about crypto it doesn't matter if crypto goes to 5T$ mc or back to 100B$. I'm here for a long term so the more it drops the more I will buy but deffinitily not at these levels.
Possible Downside to Bitcoinhello traders
There is a bearish impulse wave and we have a correction in the form of running flat. It is possible that we will get another bearish impulse wave, but the sellers must break the last wall of the buyers and the buyers' reaction be corrective after break and the sellers overcome it as well
If these conditions are met, a sell trade will be executed to target the level of 18870
AAVE : Keeping my Eyes on AAVE.Just keeping my eyes on #AAVEUSDT breakout on the daily and weekly seems to be looking to be setup-ed in good shape for long term profits. I will be preparing a detailed analysis on #AAVE for tomorrow. Till that make your own research about it and we will discuss it.🙏🏾
BitcoinPrice can/may/might tap into POI
before departure to 17600 area
Overall Daily TF we are bearish
Since the last high that tapped our trend line
and the lowest low from that point we are in discount zone on Daily
and Premium on 4h indicating we could drop soon
On the 15 we are in discount zone so price could very much tap into POI or
premium zone before departure as stated first
If not price must print under PBOS without tapping POI
Target is @17620
BTC - SHORT - SWING----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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