As much as I'd like to think Bitcoin is going to see higher prices soon, I don't think that is going to happen. But never know with Bitcoin. Sure looks like a standard double top but I highly doubt it will work out exactly as depicted in this pic. We'll see.
This looks pretty good to me. We'll see what happens from here.
On a larger time frame, this could very well be a flag that indicates price will break out to the upside eventually but until that day comes, I enjoy trading the channel. In this trade, I set a pending "Sell" below the lows of the consolidation area at the top of the channel. Most of the time, I spend very little time in drawdown on these trades. I spent about 20...
The more history Bitcoin has, the more I see the exact same price action as every other currency pair that exist. I strongly believe BTCUSD will reach the 4080 area before heading upward to new highs.
I've got 3 trades on EURUSD with 3 targets shows on chart. I expect this to take a week or more to complete. When Target#1 is reached, move SL for trades 2 & 3 to breakeven When Target#2 is reached, move SL for trade 3 to target #1.
Got into position right where price pulled back to the .618 fib following a DT.
Hopefully the rate decision will kick start the downward move. We'll see in about an hour from now.
Gold never fails to gives these types of setups. Let see if it holds.
I think it's realistic to say we'll see price reach 675-700 before heading up again. If you are long already, just hold your positions and be patient.
Maybe just maybe.. red arrows? I think it's realistic to say we'll see price reach 675 - 700. It will most likely create a wedge and consolidate for a while before heading up and making new highs.
I'm not taking this trade unless price drops below S1. Until then, I'll be watching it.
When 1st target is hit, I move SL for trades 2 and 3 to BE. If 2nd target gets hit, I move trade 3 SL to 1st target.