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Crypto-trading

BTCUSDT - SellHello all traders! After an obvious consolidation, the price has accumulated in such a way that the price of BTC has started to rise and now it is at an important resistance level where if I find a confirmation to sell I will sell! Direction according to the arrow. IMPORTANT WARNING: --------------------------------------------------------------------------------------------------------------------------------------------------------- Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands. I personally prefer setting up multiple TPs , here's an explanation: 1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns 2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE 3) 5-10 :1 means bonus money with rest of trade volume (again 25%) Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
Short
by TraderDominik
6
Going Long on ETH! Lets ride.ETH has been taking a beating this month... but it will soon see a nice rally (if the rest of the market behaves). ETH is entering a key zone of support and just below it lays the volume profile that has been pulled from mid June. Along with the VP there is also a important descending parallel channel that will come into play. If the key zone is jabbed, it is very likely to get a wick bounce off of the VP. I would also like to add that the RSI is oversold on medium time frames, this doesn't always mean a lot, but it is something to consider along with the other points that I have mentioned. Either way, ETH will see a well deserved relief rally 5-40% (based off of my targets). My take profit targets are noted by the golden pockets on the chart above. I will more than likely take a small profit off of the table after a 5-10% bounce to secure profit and move stops to entry.
Long
by farmtrader15
1