Crypto does not produce anything no matter what people who are passionate about crypto say. It is a ponzi scheme and it will never replace the US dollar. With that being said this is another opportunity to short. Head and shoulders where the right shoulder is taller than the left shoulder are my favorite and we have one here. Good luck
This is an Head and Shoulders idea that has now been confirmed. Strong chance of hitting the first TP at 12650.00 and maybe we can get the second TP at 12400.00
Following my Fibo lines well and Litecoin has the momentum on its side thanks to bitcoins recent surge and the fact that Litecoin has not preformed at the same percentage rate as some of the other major coins so it will play catchup. Also those who just expect the price to go down before the halving just because they saw that happen last time will then provide...
I have been following and trading this pair for over a year now. Its time to go up again. Its all on the chart. Ichimoku, Fibo, Support Levels
2 different trades back to back. First sell then buy. Strong buy zones (yellow bubbles) GOOD LUCK!!
REASONS FOR BUY: 1. Weighted Moving Average (heavily respected on the Daily TF) 2. Exponential Moving Average 3. Larger Scale Fibonacci (Purple) 4. Smaller Scale Fibonacci (Green) 5. Broken Daily Triangle 6. Strong Daily Support (Skinny White Box) is bouncing off of the smaller Fibonacci 50% level TRADE LEVELS: .7270 Start Scaling in down to .7250 OR up to...
SELL REASONS: 1. Fibonacci being respected 2. Two red trend lines promote a large drop 3. 3hr Ichimoku cloud supports a downside move TRADE LEVELS: Entry 1.9360 (Scale in up to 1.9400 OR down to 1.9320) - space each trade out by 3.5 pips Take Profit 1.9160 Stop Loss 1.9460 Risk/Reward 1:2 GOOD LUCK
Its all of the chart. I plan to use a $1000 account with 3000:1 leverage and as I said on the chart I will be scaling into this trade with caution. By the time the price reaches 1.9400 I will be getting $100 per pip all the way up to the 1.9725 take profit area with a 1.9250 stop loss which will have me in profit if it hits. Many people think this trade has no...
I think its going to gap up then hit the .8020 area which is where I plan to take profit. Hoping the US government shutdown and 1HR ichimoku will be a catalyst to this trade being successful. Entry: .7985 Take Profit 1: .8020 Take Profit 2: .8045 Stop Loss: .7960
Based on Fib, Trend Line, and multiple moving averages sitting at higher levels.
its all of the chart. Its basically a 1:1 risk ratio but I thinks its a very high probability set up based on the things I focused on in the chart. Good luck