Charts show us on monthly and weekly candles clear bullish signs. Daily is a bit trading range from bigger picture. Anyway on 4H graph i marked the Fibonacci levels and daily plus 4H fibs. extensions, match on the same price. That price is a 27. In such conditions on the market i will place another limit order at price 26.550. My trade is based on probability...
Clear bounce from 58350. Price has been set stop. I set buy limit around the top of the volume profile : 56500. And another limit on purple trend line and FIBO 0.618 zone 54620 because these prices are true support in the main trend. But we still have to think about possible decline even lower and therefore do not buy for much % of account. RSI 63. neutral...
From overbought ATH around 61780 price fell down to oversold and showing us bullish divergence on 4H RSI. When we consider strong support FIBO zone around 52.4K we get great probability for trade with minimal risk. Longs positions are starting stabilize too. (green line above charts). After all of that I will still opening only a small position of my account to...
Most of the last days in marked zone silver closed higher low and bounce back in to range. The result is not the most beautiful ascending triangle but still is nice :D Mid term up trend plus this bullish pattern gives us positive RRR. Dollar DXY is for now below 92 STRONG RESISTANCE and if it stays there it will add in our trade some favour. RSI is arround 50 so...
Scenario 1 : Bitcoin price is on the edge of the trend line. As buying volume slowly lose momentum and longs positions are falling too.I expect that trend line will broke and price will hit at least one of the two FIBO levels which show us zone of support 52.400, here i set buy 60% of position because this price also in the past act as resistance.Next stop is...
OK. My set up will be made up of two positions to reduce risk. 1. position 40% enter price 56.4 2. position 60% enter price 54.2 both positions : STOP LOSS set below FIBO ZONE 52.2 Price move too steep and moved away from the trend line so i expect to get closer. Trendline show us zone 54 RSI close to overbought zone plus declining buyng volume. Previous ATH...
4H charts shown us interesting zone 200. And we got two options how to chatch long trade. Number 1: Close 4H candle ABOVE 205 , then we enter long with SL at 194. Number 2: Price will go back bellow 200 and we enter trade at 195.1 ON TRENDLINE. FIBO 38.2 shows us support arround 188 so stop loss will be 187. Those conditions must maintain then the trend will...
We can notice very interesting point 92.5 On DXY number 92.5 was respected many times from both sides of zone and act as support/rezistance, even FIBO 61,8 level is in our side to bounce down and short with good 2.5 : 1 risk. :D RSI is also very close to overbought.
Clean falling wedge pattern with strong and also earlie ATH in price arround 42K zone. My limit buy to watch will be 42.2 little above for bigger chance to fill order. Another small amounts I will set until 38.5K for hodl portfolio . But best possible trade is arround 42K with stop loss bellow 40 in my opinion :D