this move would be painful for most of the traders so it kinda makes sense
Pay attention to the 10040-10080 level. I would be cautious if we would start closing below.
Buys at: 11420-11400. Sells at: 11735-11685. Stop loss?: Close under 11300 on the 15 chart is a clear signal of trade invalidation, but we possibly could wick under 11300 and claim back right after so I would put my stop at 11260 and sell if we close under 11300. Manage risk. Make money ;)
Bitcoin is holding 10900 (at least for now) and forming nice parabolic bottoms. I am looking at 11500-11600 area for a big rejection. The major short target is under 8k. If we manage to close above 11700 on the daily timeframe I will be looking for a pump above 12k.
Here are my current scalping levels for bitcoin . Do not 100x lol. Manage risk. Make money ;)
Etherium trading plan! Etherium 1h support levels are: 337 - 333 Long STOP LOSS: 329 (Make sure to use always use a stop loss!) Etherium 1h resistance levels are: 342.4 - 344.9 Short stop loss: 349 The avg. buy price (when laddered to the buy box) is 335. The avg. sell price (when laddered to the sell box) is 343.6 From this long we are looking to profit 2,55%...
Bitcoin interesting level to look at
The current sentiment is getting more and more optimistic day after day and the people who sold during the latest crash are starting to buy back. I would't be surprised to see a fast pop over the 60% fib and then some weeks or even months of weakness. I wont extrapolate more. We'll see. The idea is: 1. Overreaction down. 2. Overreaction up. 3. Return to the mean.
Break and close above the green box (7950) might confirm a huge parabolic move. Parabolas can produce very fast and aggressive moves when they are valid. 3rd touch of the red line will disprove the parabolic move. This is not trading advice. Just an interesting observation. I wouldn't trade this, but I am cautious about shorting bitcoin with high leverage at the moment.