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Raynlim

Bitcoin, is now a Good Price to BUY?I have a friend who asked this question today as he is looking to hold some bitcoin(not through trading) as promised here you go, buddy. I will be observing closely on this movement on a daily chart, the rationale behind this is there is news of bitcoin going through splitting in May 2020 and that supposedly is good for bitcoin. The market in most cases will not price in till 3months before the scheduled event. Hence, a good answer is, buddy I'll look at it in Feb 2020. There's also another thought of buying bitcoin and hold it when it reaches a new low, so the question should be which are the low I should be looking at? 7603.92 based on the daily chart is the next support,what I will be checking is when the market reached 7603.92 I will see if the candle break and close below the low if it does, I will wait for 6147.61 for a buying opportunity(holding physical bitcoin, you know what I mean ;)) In short, don't buy now, these are the 2 prices I'm looking at, pay me enough and I will help you to strategist your entry and buying allocation =D
BITSTAMP:BTCUSDLong
by RaynLim
GBPUSD-Weekly Market Analysis-May19,Wk3GBPUSD is showing a downtrend movement on the daily chart. On the 4-hourly chart, the market does show a possible potential head and shoulders. I will definitely need to wait for the candle to touch the read shoulder before I can engage. On the smaller timeframe, you can see the blue bullish bat pattern. I have already engaged this, thought market move back to my entry price but I'm going to follow my rules and wait for the 1st target being hit, then I will shift stops to entry. Love this analysis? Like it and Share it with your friends.
Short
by RaynLim
Google at Support LevelMany of times traders ask if what I learn in stocks can apply in Forex, my answer to that is YES, if you understand the mechanics and you have a tested strategy. When the same question was asked for knowledge in Fx traded in Stocks? Guess what's my answer? Yeap its the same and you have to look in your strategy. This trade is long on support base off support level having indecision candle. opportunity to engaged. Guess what I will do on Tuesday if the market continue to appreciate?
NASDAQ:GOOGLLong
by RaynLim