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BTC _ USD 4hrI posted BTC ideia 11days ago whit this "Good entry its SMA 200 (6.2k - 6.5k) " "short and mid Targets (resistances) T1 - 8.5k T2 - 10k T3 - 11k T4 - 12.7k " Ok rick, but what happened? BTC made a good reversal from that point, its already 80% up from that level and hit target 1,2,3! now we are waiting to another decision, we are trying to break BIG downtrend line (red) its a fucking important zone, we still in a rising wedge and its a bear formation! so we are charting probablies scenarios. 1- Breakdown rising wedge and back to 8.5k level (first target) 2- Breakup RED line and show us a strong move to break this rising wedge ( its hard to breakup rising wedge but can happen) 3- BTC ignore this rising wedge formation and go sideways consolidating around 10k-11k 4- fail to breakup RED line form a double or triple top then fall to 8.5k area So if u are following me and my advice and u bought BTC arround 6.5k area u are looking to lock some profit in this run, I recommend u wait for next BTC decision then lock some profits to buy cheaper. 11.3k its a good area to lock profit if we don't breakup if u are looking to buy BTC I recommend to wait next move because its most easy to breakdown this rising wedge and back to 8.5k area (old resistance , new support)
COINBASE:BTCUSD
by CryptoRICK442
Riding the bullish momentum of the USDCAD - daytrade/intradayThroughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im expecting this to go higher with a target of around 1.2800 - around 80 pip profit
Long
by ppp7
ENIP Good Reward to Risk Trade BullishTaking a recent swing low and swing high, the risk reward tool can measure potential profit to risk when stopped out and give the reward to risk ratio. Moving the mouse over the shaded area, here we see we can potentially make 375% while risking only 32.14% or in other words the ratio is 11.67, which is excellent. Any time one can use this tool to find a trade that has a ratio of 3 or more, that is great. It makes the odds so that effectively one could take every trade and have it be a coin toss winning half the time for 3x the bet and losing half the time for all the bet, and not care about it because the trades would breakeven with no loss all together. So even the slightest edge where it be due dilligence or trading system or indicator to make those trades even slightly better than a coin toss, then a profit is made. During backtesting trading techniques, if something is found that works 60-70% of the time that's great. Use it with trade setups that are reward to risk ratio over 3. That is a profitable way to make money trading. Whatever trading system is used it doesn't have to be super-perfect, complex, fancy, or better than anyone else, just "good enough" is fine.
ELong
by trademan1