Reasoning + notes 1. GBP is weak 2. Support & Resistance 3. Big spike indicating a down turn to test area is likely 4. Good Risk Reward ratios 5. Two short terms and one long term 6. One long and Two short positions 7. Previous LH need to be retested -> 1.12 before potential Parity 8. Current British political system 9. Brexit outcome 10. Strong US Goal -> We...
Reasons: 1. Alt coins explode with a delay (BTC already moving good (look at my last trade) 2. DPR community getting stronger (fundamental) 3. Deeper network introduced new machines to mine, upside should come 4. Potential double bottom and an uptick
Weekly candlesticks indicate an upcoming massive up movement to offset the -50% price action in the past 6 months. Then, the future is still uncertain, but we may see continued downtrend.
Reasons: 1. Macro economics 2. Trend line 3. Resistance level strong 4. Downtrend upcoming on weekly for the double top 5. Market awareness
All aligns, let's see if it plays out. Feds, wonna help a little?
Strong technical and fundamental analysis stating downturn. Let's see where this goes. Tight stop loss and big R:R.
1- technicals 2 - trendline 3 - wales and volume 4 - fundamentals
I personally for now don't see any value in BTC, but based on technicals, this can easily happen. Let's see whether it will drop to entry and from then onwards. Criteria: 1. Retest of previous support 2. Re-tracement and building momentum 3. Musk selling btc can lead to this 4. China declining to accept BTC can lead to this 5. Major upside, if updated (which may...
Reasons 1. Support bounce 2. Technical bullish trendline 3. KSI as an infuencer advocate - will shout 4. Polkadot based, not BTC 5. Huge dev plans for 2021
This is the hourly screenshot of my previous analysis. Hourly technicals suggest a squeeze. Therefore a blast upwards - 2 tp profit levels (0.88800) and the main TP as on the pic. Daily and Weekly blast went up to 0.7885, which is resistance lvl1, time for lvl 2, which is our current target. Previous big movement was 0.5 or so, that is why, with trailing SL, it...
Trendline retest. Will aim for another test and then bounce in profits for the long position. If goes the opposite, way, the bullish trade continues.
Hourly technicals suggest a squeeze. Therefore a blast upwards - 2 tp profit levels (0.88800) and the main TP as on the pic. Daily and Weekly blast went up to 0.7885, which is resistance lvl1, time for lvl 2, which is our current target. Previous big movement was 0.5 or so, that is why, with trailing SL, it can go to 1.20 ideally and then slow-down. With the...