BTC Bull Flag
Try to scalp some short term trades on my days off. Looking at larger time frames, I think to keep this market in an uptrend we need to avert the 4hr impending death cross. Looking for a daily close above 10.6. If not seems like 4hr deathcross is increasingly likely which practically assures lower prices as we have seen. Not that I mind lower prices, but I want to...
Captain Hindsight reporting in: BTC break down from smaller symmetrical triangle, with measured move accurately hit. Set buy orders in the 10375 region, which were filled. Interestingly, (to me anyway) unlike recent breakdowns, no buyers stepped in to keep the price held up. The overall, symmetrical triangle from previous break-up candle still intact. Breaking...
It looks like it works well... Trade Idea. Absolutely not advice.
Still a novice, but my life has been so much better since I stopped using the 5m-3h time frame. Yeah, 5min.... Lessons well learned the hard way. No one I know trades and I work in a polar opposite environment where no one really cares to learn. So I have been teaching myself and have been profitable on some nice trades lately. Here is what I have been going on...
XLMUSD been in a downtrend since mid-March 2019 and now at support level lows. Potential reversal for some upside in a descending wedge, with bullish divergence on RSI. In the immediate short term, looking for upside potential .092-.094. Full disclosure took a small position at 0.083
Trying to make a play on market psychology here. Monthly setting up for Bull Flag Pattern. If we are to follow the trend (and maybe assume we are in a multi-year bull flag - does that exist?) then higher highs and higher lows are expected. Monthly chart with a cyclical yearly trend prediction depicted above. NO WAY the perma-bulls (and bots will let this month...
I was messing around with the chart and she started to dump. Holding on to some short positions while in this downtrend. Going to continue to add until this channel resolves or we hit 87-8800. I know everyone is talking about filling the CME gap at 8500, but "smart money" knows everyone is talking about it. I think we see a lot of buyers if we get there. *** My...
Last idea thought the bear flag pattern was certainly possible. Looks like we he the 200EMA price target!! Awesome, do we hang around in this accumulation zone or dip lower?? Time will tell. As soon as I see anything I’ll put it out there. Right now we are heading well into the depths of bearish control zone on all time frames sub 1 day, bc that’s all I have...
Not BULLISH, Not Bearish. Just my interpretation of the available data.
For my own trades. coupla bucks here coupla bucks there.