Recent downward move was broken. Im only looking for Long opportunities from here.
Overall structure is still downtrend. Looking for possible rejection before shorting
My final target was hit and was able to book a 1:2.5 rr. An unsual quick trade for me, i usually wait hours to hit my targets.
Since the huge draw down, I was back trading. I am looking to short BNB, it was only logical to short this since we are on a down trend, plus prices was showing depletion (lot of wick rejections) $BNBusdt
We are in a psychological level of 2,500 for Eth. I pay close attention to what the price would be doing so I can decide if it will continue or will drop.
Pay attention to price action as we reach a respected area (red line).
As indicated in the previous price action at a very key levels, ETH did went up.
As painful as it may seem to accept losses, this might not be the time to enter ETC, still looking for long opportunities, but for now I will close my current position at a loss.
After a long consolidation, prices ended going on our direction. Took half of the profit and will trail stops from here to maximize the move
A huge wick rejection, plus a green candle closing above our broken high made me buy and enter ETH. If this move is an indication that it will have another bullish move, then Im here early, if it ends up going back then it will be a 1 part loss for the trade. My RR is 1:1. I book half of the profit when it reaches my 1 part reward and just trail the stops as it go...
Ended up taking a trade as it broke another high, it went down immediately, but my guess is those are just manipulationa to liquidate margin traders. It s looking pretty tight since this morning. Hopefully we can book some profits on this one, however I'm thinking of holding ETC.
Looking at ETC for another push, since it broke a previous high, so my bias is we can only go up from here. Tho Im still looking for the best possible re-entry for this, I am positive that this will go further on the upside.
I was supposed to follow this uptrend move since in my opinion, a break out is a sign that there will be a strong momentum. However, there was a huge dump yesterday, tho I didn't take any loss because my stop loss was moved to break even, I just feel sad that the trend did not push thru. Will look for a valid entry if this continues as the crypto market is...
My trend line and EMA were broken. However, I'm still skeptic to short this because it was really close to my significant support. If this breaks the support then I will short $ETH
As the break out occur, it gave us opportunity to enter and capitalize on it. Will follow this as it go on.
Huge wick rejection at a significant area. Waiting for more confluence before i sort this.