Shortposition
SHORT Bitcoin dump to confirm new highlow?If Bitcoin is going to the MOON, it's going to need a new highlow which is currently at $6454.
Will this dump confirm or will BITBAY:BTCUSD fall to $300s?
My current target for new highlow is $6767, plus or minus $100
Shorted from $7200 and setup selloffs from $6825 and down!
WINTER IS COMING FOR EURUSDYo traders !
There might be a nice opportunity on EURUSD chart as it seems price rejected the downtrend line and its ready to break the 1.0828 where you have to be very carefull not to fall into a bearish trap.
Meanwhile on the 1D timefrime price breaked the uptrend suport line wich confirms that a bearish wave is coming.
In my oppinion price should reach 1.07719 (TP1) and after it makes a corection to the trend line price may go to next suport level 1.07233 (TP2).
If your analyse matches mine, put the SL above the last high (1.08857) an enter in the transaction.
Remember not to look for big fat wins because only think you will get is FAT!
Have a blessed weekend!
Is Namaste trading in a bull flag?Or possibly a descending triangle, only time will tell.
This recent move was likely an insider privy to information about a company N is invested in, "Choklat" receiving a processing licence. BUY the rumor & SELL the news, next week is the best time to exit this trade before there's even further capitulation to the 18c & 13.5c range.
In the grand scheme of things, this little rally is probably going to be another lower high, N is still down -87% since September where Andrew Left exposed this company for what it was, and still is, IMO, trash..
SUGAR US Time to start shorting Sugar, or just an ascending triangle that price consolidates in before it breaks up to higher prices?
RSI gives signals of exhaustion for the bulls and four signs of bearish divergence, obviously we have been up trending for a while now and is only reasonable for RSI to fall from overbought to neutral levels, the four last peaks on price though do not carry much buy volume failing to break higher.Same time line of demand points upwards creating an ascending triangle which means there are still buyers keen to buy on higher levels and that is a bullish sign .
Watching the way we break out of this ascending triangle will be the answer to this, Taking a small short position here and see how this trend will play out .