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Bitcoin in symmetrical triangleHello Fellow Traders Greetings from team trading the tides ! lets discuss bitcoin which is inside a Symmetrical triangle , volume is pretty low waiting for the break out to enter position for long or short but I am more interested to wait till it reaches 31-32 k level which is a major resistance area and a good distribution point if we see the history . potential area to initiate short : 31-32 k levels according to the market conditions 22 k level is also very likely because there's a cme gap and btc inflows from wallets to exchanges are rising ! happy trading !
Short
by TradingTheTides
2
Short the Long-term Trend I always do the same & it usually works more often than it doesn't; but thats not the point What is important is to cut the losses & let the winners run. In a world of 50/50 probability. There are four outcomes to a trade. a big win, a big loss, a small loss and a small win. If we can eliminate the big loss; the small win/loss will even themselves out. And we are left with big wins. Here is an example of letting winners run. Although I admit I Closed full position at Profit target 1 & did not let the winner run all the way to the end. Why? a bullish market influenced me, possibly a mistake but thats fine. this is why I document my trades so I may learn along side the reader. SET UP . the (W) is in downtrend . Long-term(M) in downtrend . price correcting to Lowest High of the (W) downtrend ODD ENHANCER . over buying momentum into qualified (SZ) thats also the Lower High of (W) downtrend . general market in downtrend . Supply Zone (SZ) never been tested before
NYSE:UBERShort
by greatful-me
EURJPY Short Position The EURJPY pair has recently broken a significant resistance level and is currently retracing back to it, which could signal a potential trend reversal. A head and shoulders pattern has formed on the chart. The neckline of the pattern (146.400) is a key level to watch, as a break below it would confirm the pattern and potentially trigger further selling pressure. The MACD and RSI indicators are also showing signs of bearish divergence, which supports the idea of a potential short trade. The target for this trade is 145.200 the previously broken resistance level, which could act as a support level and potentially provide a bounce for the price. A break above the right shoulder will invalidate the bearish bias. It is important to note that all trading decisions should be made in accordance with one's own risk management strategy and analysis of the overall market conditions.
Short
by DennisDims