Shortit
No Reason To Get Long YetThe play here is near term puts for move to 140s, which is the black path.
Best case scenario for longs is it shows sign of strength with move to 165 (green path) - in that case it would still need a Bu/Retest which eliminates significant upside risk,
Worst case for longs is red path - move to low 130s, dead cat, then more down.
Black path most likely case, this should get hit fast.
Down Leg Has Likely StartedExpected target is 230-235 by mid April, then will bounce from there. There are a few possibilities:
- Whipsaw long if bounces in low 260s in coming week
- Finds support in low 230s in April, would provide base to make higher high later in the year (in 300s)
- If downward pressure takes it below 222, it could see a deadcat bounce and then continuation down probably to lower low (probably 190s)
If it sees one last bounce to 285 in coming days don't fall for it, it would be an add to short position opportunity.
#WTF is Billy Gates
BTC to $200k?Bitcoins macro trend looks to be incredibly bullish.
Bitcoin could potentially go higher than $200,000 this bull run but if this happens I can't imagine the price will stay there too long.
Expect extreme volatility once bitcoin reaches $100,000.
Strictly my own opinion & not financial advice.
Bitcoin to the moon!.... or doom....
Bitcoin trading in a channel. we are near to the top!I'm not a financial advisor. Do your own research before trading or investing
Entry 14.4K
TP1 13K
TP1 12K -> 12.2K
TP2 10.5K
Avoid the FOMO and enjoy a healthy BullRun BITSTAMP:BTCUSD
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Thanks for reading.
Week 39: Opportunistic Short on FCPOX 2020Week 39: 21 to 25 September 2020
FCPOX 2020 analysis
Despite the bullish momentum is very strong, personally we can short FCPOX2020 with a very good Risk Reward Ratio.
We only need to risk RM24 to get RM336, that is 14R.
Again, this is a risky move as we are trading against the trend, but, this is a worth trying.
Here is my personal trade:
Sell at market now RM3,111
Stop Loss at RM3,135
Take Profit 1 at RM3,000
Take Profit 2 at RM2,900
Risk Rewards Ratio = 14R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
SHORT- MIDPERP - Trading OpportunityPrice broke below 4H support, retested resistance and looks ready to short
Entry: Market
Target 1: 644.3
Target 2: 615.1
Target 3: 572.8
SL: 707.7
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