say a group prayer and wait for the right moment to fire
i do not know when but i do know that apple is not a good investment here. it will plummet and find a bottom much lower.
i am not sure, i find it difficult to take a trade solely based on nothing more than a fractal that is subjectively picked out. however, i find it interesting, and often times i can find these types of strange patterns and wait for confirmation of the idea before acting, so it is more safe and i can be prepared. for the most part, i am expecting bitcoin to pull...
lot of bearishness. not saying bull market is about to happen but this pump wouldnt surprise me. good r/r long
Just a projection/possibility. This is not financial advice. Feel free to discuss in the comments I would love to hear your opinion!
Rising wedge, rising strength on DXY makes me think another leg up on this is a short. Might not get this entry though before the force plays out downward, best R/R is top of the wedge with prev. orderblock as SL
I see a disturbance in the local trend and a possibility that we will retest the lower band. I will update this post as it progresses.
Short target and stop provided. Entry here. Trade engaged
Sellng 7450 area with S/L near 7600 Great risk reward for me. Entry and stoploss provided on chart, target is the bottom of wedge.
Interestingly enough, the long term chart of Bitcoin/Gold - AKA how many gold oz 1 bitcoin buys you, seems to be following the issuance curve of bitcoin supply...which is going to have less and less deflation going forward, due to the principle of Bitcoin. Doesn't mean anything for the U.S dollar price of bitcoin really, just implies that gold will out perform...