Came very close to being stopped out but the trade went in my favour eventually. My stops are now at BE, I’m going to scale off 50% of my position at $0.90 There could be a run on the stops below $0.80 then $0.75 but I’ll deal with that if/when it gets there. I have a broad idea of where price wants to go but would like my information from the charts first....
My limit was not triggered $0.80 was low enough for this move. This is the first day of the new month and a new week, it would not make sense to enter a position now. The higher timeframe and the lower at conflicting at the moment, I would like to see price develop a bit more. Depending on how price reacts to $1.35 or $0.75 I will have more clarity. I’m a macro...
Price was holding above $0.90 but it finally gave way. One of three things could happen from here, a bounce at $0.75, a sweep of the low marked with the green arrow before forming bullish structure. I’m still of the opinion we see a bounce at $0.75, this is based on the market structure I see in the lower timeframe. Price will give a better indication once it...
BTC looks ugly from here, this move down might still have legs. The parabolic move up left a lot of inefficiencies lower in the market, pools of liquidity that could be revisited before the continuation. My first zone of interest is 24k and at 12-10k zone. There has been no indication of this move being over, there could be shorting opportunities all the way...
As I mentioned in my previous post I was interested in $0.75, price seems to be reacting to the level very nicely. A structure break has occurred on the lower timeframes, this could possibly be the beginning of the next leg higher. I would like to see a dip back down to the $0.70-$0.75 and use last weeks high as invalidation. There is a possibility that the move...
It’s been a while since I posted. I couldn’t have chosen a better time to jump back in to the charts. There has been a very large correction that has brought fear in to the market, but fear only comes if you’re unprepared or over leveraged. Price structure is still clearly bullish, I see this as an opportunity to increase spot holdings for a higher push. I’m...
That spake in your that $0.18 zone has got me curious about buying again. I would like to see a little more PA develop before a plan can come together. Above $0.30 wouldn’t be a bad place to buy if the correct signal doesn’t show itself here. This level is quite crucial in my view, it must hold or there will be more downside. If nothing else XRP has given a...
The entry was clean enough, stops to break even and let things play themselves out. Yet another example of proving how accurate it can be.
You don’t have to enter every trade you see. Sometimes the confirmation of levels market out in the past is enough. I would like to see a close back below last weeks high to further reinforce my short bias. I’m not in this trade but a correction is due, a few small losses here and there pale in comparison to the possible profitability of this short. Losses...
On the first day of this week price went above $700, currently we are below last weeks high. I would like to see another small rally in to the $735 area and use the high as the invalidation point. I’m not taking any more trades this year but this seems to be a clean enough set up to give a decent profit with minimal loss.
I’m itching to buy this $0.17 zone could be the next swing zone. If this dump wasn’t anticipated from the top it would cause panic. It’s all been planned for, there are two more areas that could support price before the next pump. The next rally could make your nose bleed
$700 is definitely something to watch. The weekly candle just rejected and closed below it. Now I would like to see a sweep above last weeks high before a potential leg down. The entry will form at $700 or just above it, $600 would be the first area to watch for sensitivity. These post are just a way to keep myself accountable and avoid taking the smaller...
$DOT is an interesting one, there isn’t much in history in its price action. While some alts have been creating recognizable MS to day trade $DOT has been ranging between $6 and $4. Price has been trapped here since the last week of August both the high and low were printed in that month, not something I would try to swing trade but it looks like a scalper...
I took a small loss on this trade but it is nothing compared to the profits already banked. Stop placement is an important part of my game plan, if a stop is too big or is below a certain level then the trade is not worth it. I prefer catching tops and bottoms to reduce anxiety. I’ve been calling for that $0.30 zone for a while now and it came. Price does not...
$700 reacting beautifully, I don’t have enough time to watch the markets as often as I did, but I have a feeling there is a large correction looming in the near future. It needs PA confirmation for me to flip mid term bearish but the market is leaving inefficiencies in PA below. In order for a organic healthy trend to develop these inefficiencies need to be...