Motrok

Motrok

After a few days of an unconvincing rally on btc, it failed miserably to complete the upper part of the right shoulder at around 6800. Instead, it smashed its head at around 6650, which still makes our pattern valid, and has now finally broken a very clear, very defined rising wedge on the 4h chart, as marked by the arrow on the chart. About an hour after...

Motrok

IOTA has seen a lot of dumps lately. After its low a few days ago, it started recovering fast, and managed to form a very clear channel on the 4h. It has been great to scalp it, and would be about to give a great entry (as marked by the arrow at around .485), but as all alts it is following BTC, so be wary of your stops in case the king decides to dump hard as it...

Motrok

Today has been an interesting day. A day of learning I would even say. Perhaps of remembering that we are dealing with bitcoin here, and that bitcoin loves to wreck shorts. Yesterday I opened up a short with 1/3 of my position, thinking that a 4h wedge that had been repeatedly tested on its lower limit would break. God, was I wrong. Not only it didn't break, but...

Motrok

I always like to draw my charts in the morning, first thing. It helps me improve, seeing how they play out during the day, and being able to point out mistakes or, sometimes, successes. As for AT, after tomorrows trade, which I closed for a decent profit (actually, my SL went off and was still able to get some good money, since my entry was more than decent) this...