That's more or less my view on this pair. So far seems to be following the drawn path. Cheers
I think the HS pattern has completed its course and hit a support trendline of the newly created descending channel. We hit the target (more or less) much faster than expected and therefore its time to lock in some of the profits and see what comes next. Possible bounce from current levels may occur and then would continue sliding to 0.69912 (support red line)....
Locked in profits and waiting the right time for a possible swing (reversal). Planning to open different stakes between 148 to 147.20. In case we dip lower I will hedge partially my positions. I think the ascending channel will remain intact. Cheers Disclaimer: I'm not bulletproof, it is all about risk/money management.
Observe where it has stopped so far. Small rebound from here? Possible but since I'm holding long profit shorts I will hold my positions till my target, completing the whole swing trade. (much faster than anticipated though!)
At the time of writing we were at crossroads. Bottom of two channels, one ascending and another descending. A possible bounce from there is possible but long term the crash will continue to low 60s.
Enjoy the profits wisely, keep some profits apart for the bad days, reinvest the profit and spend some of it with your loved ones :)
Nailed it ;)
as forecasted weeks ago it is following the drawn lines. Target remains at 1.12 more or less and will re-evaluate from there.
Critical area approaching. Failing to bounce will resume the BITCRASH to 20-17k. I bet for the crash once more.
Just few pips more to reach the target and to pause/consolidate/correct at that level.
Following the track as expected.
As indicated weeks ago, price is going to reach the target area. So far it has been a great call. Let's see how the continuation plays out.
HS pattern seems to be playing out very well and it all points to a further correction to 20k level. For the past few weeks price has been slowly consolidating slightly lower day after day and we are approaching an important level of support that, once broken (If that happens), will lead the price to a massive fall to 17-20k. Let's see how this plays out
Hi Fellow Traders. Inverted HS pattern seems to be currently in play, therefore we should continue to climb even though I'm fundamentally inclined to the opposite. Bulls seems to be willing to hit 1870. Bears are waiting to jump in at higher prices apparently. My two cents if that helps you.
Long term trendline resistance remains strong and unbreakable so far, thus I remain bearish with current setup. Cheers
Ascending channel in place. Long term traders can look for uptrend continuation to 1.64 to 1.68 area. Cheers
After hitting the target price it bounce as expected and most probably will continue to do so as per the chart. Should you manage to open longs at the bottom (see yellow circle) then hold your longs tight and place your SL at cost. Cheers