BCH Short Scalp Trade • BCH the shitcoin that keeps on giving great shorting opportunities. Getting primed for another great short scalp. • Hits resistance and it’s showing clear signs of weakness for the time being. So let’s take advantage of this for a 7 to 1 risk to reward ratio and 12% win. • Long: $615 - $620 Stop: $630 Targets: $550. • Happy shorting...
ZEC Long Trade Idea: • ZEC starting to show signs of bullish momentum, missing volume but price action is telling us to start building a position! Yesterday’s candle blasted through the range equilibrium and today’s pullback was bought aggressively, we don’t use candle stick patterns because they are not useful in crypto trading but specific candle formations can...
Market Bias: BTC key Levels to Watch • Here’s the levels we are watching. Our bias remains neutral until a key level is broken. YTD volume continues to decline and Market Cap continues to remain around $200B which tells us that any pumps or dumps between this range is just washout trading between coins and exchanges. • Waiting for a clear direction and an...
Here's where I see us going next...
Daily Bias: Bullish Neutral I'm still bullish neutral however a daily close below the EQ (Black doted line) of my current trading range would put me on high alert. Bias Invalidation: Clean break and close below $7.2K Clear Bear Targets which should act as support on the way down are outlined in red. Clear Bullish Targets which should act as resistance on the...
Explanation in graph.
Bullish Neutral.
Let's see how this plays out! *Trade ideas are for recreational and personal purposes and are not meant to be trade advice*
First attempt at keeping a trading journal as a beginner trader. The information in this charts is for recreational purposes and is not intended to be financial advice. Yellowish rectangles depict area's of liquidity. Where's the most liquidity and where are MM reaching for? Feel free to comment and check my bias.