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Institutional_trading

EURGBP SHORT / SELL $MART-MONEYWe broke structure on a Daily timeframe to a downtrend. Currently mitigating toward the sell orders in a 4H timeframe. Price is failing to create Higher Highs. On the 1H we broke structure to the down side and are currently retracing towards our institutional candle. Confirmations in this trade: Fib Retracement leveles 78.6% - 88.6% (Red area) Institutional move / candle Mitigation 50% of entire push up prior to the drop. (POI) Higher time-frame structure Break of structure in 1H Risk to Reward over 1:3 Setting sell limits and have alert around area for a sniper entry within a 5m/15m Break of structure. Eyes on distribution in that area
Short
by nonstopkev888
WHERE to buy BTC if you are still waiting to get inBtc has surged a lot in the past month due to sustained institutional inflow, continuing the bull cycle. I expect this bull cycle to last until January to February 2022, However with the adoption of BTC by countries and big institutions, BTC may continue to crunch higher and higher since the retail frenzy has still not happened. My price target for the next few months are 88k-156k. I will start taking profits on the positions that I have accumulated at 30k from 88k. Right now, BTC has created a golden cross (highlighted in yellow), which is an extremely powerful bullish indicator for cryptocurrencies, especially on the daily timeframe. What I am hoping to see is a rejection off the ATH, and a decent (fast) retracement to scare off the weak hands, and allow for institutions to buy up more. However they may buy aggressively so the entry suggested may not happen. If my entry price is reached, I will complete my BTC position and I'll be holding on until BTC reached my price targets for this bull run. Please tell me what you guys think. Additionally when do you guys think this bull run will finish? Will it? Thanks for reading till here, hope you enjoyed it!
BITSTAMP:BTCUSDLong
by Fed02
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