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Longvsshort

BTCUSDT: IS IT REALLY TRYING HARD ??Hello !! Welcome to the quick update of BTCUSDT. It is currently trading around $ 21400. With the last low of 17600, it bounced pretty well all the way until 21600 thereby hitting the immediate resistance. As of now, it is trying to retest the 19k mark but failing to do so and regaining the 21k mark. As per the charts, it is evident that the price can take a dump if it breaks the triangle pattern. BTC is at a decisive point that can impact the market both in a positive as well as negative manner. I suggest everyone wait for a confirmed breakout or breakdown before making any trade decisions and let BTC decide its way ahead. Till then stay tuned and trade with caution with strict STOPLOSSES !! This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
3
WAVES LONG SHORT PREDICTIONHello !! Welcome to the quick update of WAVESUSDT. It has been in an uptrend for a long time and finally stopped at $ 7.2. As of now, it has broken the trend downwards and currently trading at $ 6.45. As of now, if it breaks the $ 6.45 mark and retests, it may dump until $ 6.1 followed by $ 5.58 and then $ 4.91. Whereas in the second scenario, if it breaks above, it can go all the way to $ 6.71 followed by $ 7 then so on until $ 9.31. As of now let's wait and see for LONG or SHORT entry and trade with STOPLOSS only. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
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by ScramblerG
BTCUSDT : IS THE STORM OVER ??Hello !! Welcome to the quick update of BTCUSDT. As of now, we saw that BTC pumped until 30600 all the way from 26700 thereby pumping the altcoins. In my opinion, we are still very uncertain as this might end up being a trap for everyone. I suggest everyone wait until it breaks 32000 and then we might see some bullish momentum. As of now, 32000 seems to be the first resistance. We also need to wait for the weekly close as I discussed in my last chart as that will decide if we can go further down or stay above 32000. There might be one scenario of BTC retesting the 32000 and again taking a dump until 29000 or the other scenario might be it crosses the 32000 mark and touch the 33700 level. The various scenarios are shown in the chart. The market is still very uncertain, and unstable and I would suggest everyone hold their patience and wait for a clearer picture and trade only after confirmations. As of now, please do not take any trades else you might end up losing your capital. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
BTC DUMPING : WILL IT SUSTAIN 37000 ??Hello, Welcome to the quick update of BTCUSDT. As stated in my last update, I think we are still not bullish on BTC as it has a number of resistance that it needs to break before hitting 48000. BTC managed to touch 40000, bringing a rally in altcoins. Unfortunately, It couldn't hold the 40000 level and it dumped badly and the altcoins also took a major dump. As of now, it is holding the 37000 level i.e. the major support. If it breaks 37000, then we may see 35000 to 33000 levels. I think it should hold this level as it is major support and we may see a pump until 38800. I think it's better we wait for the right moment to enter any trade and wait for confirmations. Please be safe with your positions and invest wisely. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
by ScramblerG
2
LUNA offers 60% upside and 50% downsideHear me out. LUNA is at an inflection point and with the crypto market not showing any signs of strength right now, it's hard to be a bull. One must be open to 2 opposing scenarios and have a plan for both directions. The Bull case: - LUNA is holding its 200 day MA. - We have a nice 5 wave pattern on the downside. - We've made a 786 retracement (and more) off the move from $35 to the ATH. - Upcoming MACD crossover on the Daily - RSI oversold on the Daily - Willy oversold on the Daily - Even if you are a Bear (I am a Bear), a relief rally based on pure technicals is most likely. The Bear case: - BTC has room for downside - it can still go as low as 20k support which many are calling for. - LUNA has had FUD news as of late (I tend to be a chart purist but you can't ignore this one) - there are some major concerns around the staking and returns for LUNA / TERRA in the down market. This could lead to a panic selloff. - We haven't quite touched the 618 retracement, and the chart leaves much room to what would be a major support level around $22. - The 786 retracement lines up with the $22 range noted. - The 1.618 extension of the bear move from the top lines up on top of that 786 retracement. One cannot ignore confluence. My hypothesis: - We have a chance to rally to $90, before correcting all the way to $22. Be very careful out there!! What am I doing?: - I've entered a LUNA long, which I already sold and made profit on, and I'm currently filling up another LUNA long. STOP IS TIGHT! Just under the recent low below $46.50. I am trading on margin so cannot afford to put my stop below the low of $43. That's just personal discretion and being willing to re assess if I should re-enter if the stop hits. Taking profits earlier helps me a lot if a stop hits to minimize or even eliminate my downside risk.
Long
by Shadowfigure