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Bitcoin : Moment of Truth - 10K?Hello Team, Bitcoin has been forming a falling wedge for sometime in this sustained bear market (White Dotted Lines). We are now forming a medium-term consolidation period in preparation for a large volume move as we near the apex of the medium-term consolidation. Long Trade: For Long-Positions we will wait for a break of the resistance (White & Orange Line). Create a price alert near the orange line. When there its a strong breakout with volume we will enter a long position with a final target of 30K. Short Trade: A break of the green support zone can create a violent drop in the price of Bitcoin towards 10K. Create a price alert near the medium-term green support zone. When there is a strong break down with volume we will enter a short positions with a final target of 10K. In this scenario we will also add BTC & Alt-coins to our long-term portfolio. In our opinion we can see more downside in the Bitcoin price UNTIL there is a strong breakout of the falling wedge. *Always use risk management & utilize stop loss & stop loss breakeven.
COINBASE:BTCUSD
by GenesisGo
1
USD/JPY SHORTMy First Post!!! Looking for sell setups on USD/JPY around the 143.350 price level. if price drops to 142.450, ill buy a long setup and ride it out to 143.350 and take profits and open a sell trade once i see rejection from 143.350 resistance. Its 's also a possibility it reaches the price 146.800-147.000 from the high in 1996. This opportunity comes once in a lifetime, let's get these gains. i'll keep watch of the charts and i'll post my ideas accordingly. Let's make some Money this week!
Short
by DaBeastTrades
1
BTCUSDT - SellHello traders, I will again look for an opportunity to sell in the marked zones, because we are in a bear market, now I am just waiting for confirmation on the lower TF and if it comes, I will sell, for now I will wait. 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
2
Retest or ReverseHi everyone, My last post was about BTCUSDT where I explained why we might be bullish for the rest of this week. Looking at the chart of VETUSDT, the price has just broken the consolidation area to the downside, and we are now resting the support level to become a resistance level. However, due to the fact that we are on a higher time frame support (or demand zone), we might witness at least a higher time-frame pullback to the upside. In conclusion, if we see a rejection from the retest area, it means that we are going to make new lows and continue the downtrend. Although, if we get to break the area of consolidation to the upside, we might see a higher time-frame pullback which will create an opportunity to make a buy.
Long
by yassin_khanji