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BTC Short-Term view (3HR)Hello all! 🦎 Today I am looking to continue upwards in hopes that we have had a successful retest of our structure, which would pave way for moves to our bull targets 🐮🎯depicted above.📈🆗 There are possible resistances on our way up, so it's always good to keep a close eye once we have reached key resistance points👀. This is my short analysis based on major trend-lines, fibs, etc..😄↔↗↘ Follow the whales 🐳, I am definitely long on BTC⭐ Fundamentals on BTC are still looking pretty strong💪, despite inflation being up 14%. 🤞💲 (In other words, Wyckoff accumulation could be over, and right now it seems potentially more risky to hold a dollar than cryptocurrency.)🐨 Attached to this post are some other relevant ideas, thank you so much.👋 (In the event that we turn bearish , I have included some RED LINES 🤪 that would be my key target areas🐻 Let's see , and always remember ⏬⏬🛑❗ This is not financial advice ❗🛑 Please use a stop loss and keep up to date with the current news if possible! Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome and trade safely!!!! Jazerbay ☯
COINBASE:BTCUSDLong
by jazerbay
30
UKOIL: Brent Crude Time to close out longs and consider shortsBRENT CRUDE: UKOIL Trading Strategy Ahead of Opec Sweet Sweet Crude Have closed out the long position finally as Brent touched the upper parallel. It's the fourth strike and should come back from here. Closed at 64.33 for 1833 pips profit on a trade that carried 30 pips of risk from the outset, taking under 6 weeks to achieve. Best win of year (apart from Bitcoin, obviously) Wondering about shorting here, think it's the right thing to do with stop above 64.70 in case Opec deliver a surprise for once. It certainly was last time we tried it. If they do, Brent could rally just above the high today, take out stops nearby and then have a problem again...need to be careful, therefore. But usually it pays to sell before the news... . ..if stop gets struck it means a big surpise, and will look to get long once again on next pull-back, aiming for 67.20 minimum, it could potentially overshoot and spike to 69.73 at the max and then spill over - but that will have to be one hell of a surprise, and a hell of a shorting opportunity too, most likely, if we see it.
FX:UKOILShort
by sumastardon