Here we see a higher low with a bullish engulfing at historic lows, with the catalyst of The Producer Price Index coming in at twice of what was anticipated. It would be nice to let the day close as an engulfing, though I am in pre-emptively. I have honestly no idea at this point where I intend to exit as I think this low may be in for quite some time, we shall...
Longing this from here, Successful retest of the breakout. You could wait for confirmation on a daily green close though I'm in already. My TP1 is 0.498, so high reward if we get there. I like these type of trades, of course they dont always pay off but I've hit them plenty of times and high reward when they do. I'll update if we get there. GL if you follow.
After a long drawn out drop, seeing the huge spike in volume recently I am buying this at spot. Call it a lotto ticket, this coins supply changes often, the massive volume as of late may well be final stage accumulation before a serious pop. As we know for every seller there is a buyer, why the sudden interest? The coin has been at $800 in the past, is it going...
Wojak gonna follow pepe here methinks. Can stick a stop below line if you wish to be cautious, target, mmmm depends, can go 10x here even way beyond therefore excellent RR
As the realisiation of the debt deiling being raised as per always we are seeing a dekayed reaction in the news based on buy the rumour sell the news, but nah you dont need to sell the news when infinately uhp. duh. ps dont overleverage
long fit breahout to updide, sl, swing low ur looks like we have good odds here on the ypside vs downside
note to add stop loss yesterdays swing low, about 0.5% below. Upside target is big hold off in my idiotic opinion.... just long and chill for a bit lol less leverage the better. But RRs, up to each player. Then again we probably bounce there however, cautious for now.
we can see a strong upward move as likely on basics. it can go down a but but theres more resistance on a downmove than up.
So bitcoin has been in a frustrating (for both bulls and bears). 20 minutes ago I had posted this in here as long however you see it looking like breaking the minor triangle so It's harder to be fully bullish. The line below where its bounced off prior is critical on 4h, daily and of course anything smaller to maintain recent uptrend. I dont think theres enough...
Short and sweet, bouncing nicely off the 200w MA. Best to wait for confirmation I guess though I'm in already. Has 2 days to improve the candle I'm not concerned whilst it remains above it. Can set SL right below it but I dont think theres much room to drop below it anyway so I'm happy to hold from here without one. I think next week we continue the recent(ish) uptrend.
Hi all thanks for looking, Oil has been on a seriously long downtrend and now reached a level of support, its looking bouncy as you see. I believe he (Biden and co) have been doing this to make his party look good and show people how he can control inflation, but if this is the case its a matter of time before control is lost, if oil was sky high as it easily...
We have not long ago saw a bad weekly close, below the red moving average. I suspect this may be quite substantial as last time it done it was sub 10k. On the hourly here we see a ‘death cross’ of the moving averages, we also see a red 2 trading below which is a time based entry signal. The daily candle is bearish. I’m looking to set a stop loss, initially above...
Excellent RR long term, can buy hold months with low downside high upside
If gold can hold up here I see a decent up in mining stocks on the cards. Sure its got strong overhead resistance but looking at 26 short term then evaluate.
I see this wedge breaking to to the upside considering the recent volatility in forex and the bounce of major support on BTC. Also check daily we are in a tight range coming in for a golden cross. Could see this going to 6k before finding its actual bottom.