Shorting AXIS here based on my engulfing candle strategy. Stop is protective will update actions when taken. EDIT - Price moved pretty quick got filled @ 71.519
Lack of follow thru strength, leads me to think this level cant hold much longer, decent RR. Deviating from my regular strat but only because the R looks so appealing.
BINANCE:ETHUSDT ETH hitting super significant level. Where do we go from here?? Being a perma bear I think down, and down hard once the rug gets pulled.
BINANCE:EOSUSDT Shorting this Bart :) Stop above wick rejecting previous s/r levels. Target at impulse origin. I'd love to nurse this back to sub $1 and I'll do my best too.
FX:USDJPY Following on from RiskCalling's idea here: Taken a short trade after long tailed rejection from consolidation range, and tagging previous support zone. I've waited for this to set up on the 4H as opposed to the 1H, in hopes of more significance coming away from the 107.300 area.
BINANCE:XRPUSDT Quite a simple short of a break and retest of previous support zone. Shorted on close of 4H after a small wick into boxed area, giving a decent cushion of resistance to place stop-loss behind. Take profit target at previuos H4 resistance. R:R 1:2 Will update when and if i need to manage trade.
BINANCE:BTCUSDT Is Bitcoin chewing up orders and liquidity in a bearish expansion phase or have we just packed our bags to the moon? Right now a whole lot of shorts are being squeezed and stopped out, meanwhile a whole lot of long stops are building up under the previous consolidation area. I'll be watching price on the 4H and 1H in hopes of riding a short...
BINANCE:BTCUSDT Elliot Wave Theory is not my bag at all but just for the fun of it I've plotted out a down side move on the 4H for BTC/USDT My personal and overall bias for BTC is bearish so this may be influencing my outlook and I could very well be missing important factors when drawing the wave and fibs etc.. Disclaimer: I will not be taking any BTC trades...
BINANCE:LINKUSD Still patiently watching Link since my potential short set up idea; A very crude head and shoulders pattern forming at key resistance zone. Trend line could be close to breaking. Before taking any trades i think we need to see some kind of decent move in either direction. Shorting here with so much buying pressure close to our entry doesn't...
BINANCE:LINKUSDT Can Link continue to resist the drag net of Bitcoin and find new highs even if and as BTC lags?? A long play for me at this point is a break and retest with bullish looking p.a around the boxed area $4.80/$5.00ish Be interesting to watch this weekend, especially if big moves come for BTC...up or down.
Watching LINK/USD play out on the 4H coming off very strong daily resistance level. I don't want to short into the sanggy boxed zone. A better set up, imo of course, is to see a break of the recent up-trend into the daily resistance and then to short a retest of the 4.80 level. Giving a much better R:R into the lower boxed area. Will update if this plays out...
Similar to my LINK potential set up However ETH has already broken the previous uptrend into resistance, looking to short at $228 giving us a safe stop area with decent potential downside to daily support. Updates to come if the set up plays out...
L BINANCE:LINKUSDT Looking for a long set up on LINK 1H. A retest and wick rejection from the 4.65 boxed zone. 1:1R At what would be our newly formed 1H 'Higher High' and 1:2R at Daily resistance. Stops below roundy bottom and impulse drive that broke somewhat significant resistance. Updates as this plays out.
If this was a 5M chart with any other name other than Bitcoin, making a case for a test of the mid fib levels wouldn't yield too many arguments from too many people. However because it's Bitcoin and a re-test of either of those zones gives us a price of anywhere between a very low $6,300 and an upper of $7,500 people want to throw me off a bridge :) Of course...
BINANCE:ADAUSDT Short position on pin-bar at 4H resistance. Stop placed above boxed out, relative key rejection zone that's held for around 6 days. Targeting lower support for a 1:45R with potential trouble area around 0.08085 still offering 1:1R
Shorting XRP/USDT on a retest of previous 4H support. 1:64R To target area.