Wouldn't that be lovely to buy from a ~25% discount from current price, by creating a lovely triangle, then waiting for a lovely breakout to the upside to finally reach my lovely 13% target at least? Hope that my dream will come true!
The current market is bullish and not bullish at the same time. Not sure what gonna happen first, 45k or 68k. If BTC will break above 60k and it will hold that level it will be 80% chance that the market will shot to the upside, otherwise we will see a deeper correction. My last 2 traders ( shorts) end up with some loss, and I am looking to open a trade buy the...
There is a 200% price gap on the chart, these gaps are usually filled. Interesting coin to watch.
If we take a look at the moving averages on the market, it's clear that the 50DEMA was supportive (base-line) for the market until we reached the 64k top. After the initial crash the market drifted below the 50DMA (red line) then we had a pullback (retest). This could be a sign that from now the 50DEMA could act as a resistance instead of a support. But no...
Looking to short this tricky lady. Thats the zone which can give some profit on shorts.
So far we had a stong resistance from the 50DEMA on the daily chart. I am still bearish until I will see a strong daily candle closed above the 57k level, or I will see the market crash down to see some good values.
My last short trade was cracked, my S/L limit was taken, hope this one will do the job. I missed something in the chart so I was too early...
Gold is trading now on a tiny uptrend channel, and we had another touch right there where I opened my long position. My stop loss level is a bit below the 33DEMA in case of a pullback. I would like to keep this long trade as long as I can. If the market will break above to 1860 level we can touch the 2000$ level by the end of this year!
It will take a few days/weeks to cool down again, we have a similar market pattern that we had in the previous top of the market (circles). Happy trading for you all!
Bitcoin managed to bounce from the weekend lows, but this pullback is not the one that I expected. As I mentioned before I am not planning to go long until we go back to the 40k or even 33k level. Right now I am planning to short it since this is the only option to trade with low risk reward.
Good opportunity to short XRP till the test of the breakout. I will close my shorts and I will open long positions once we managed to touch the 0.70-0.60c levels
I will try to catch this falling knife if I could, hope this order will be executet.
Huge opportunity ahead, trying to move this lady back again! Good bullish momentum can be found there, low risk reward again, hope it will not crash my stop loss level. Price action will be amazing, I expect a large pullback from there since nobody nows where will be the bottom, but there you go, there will be the bottom! Trade safely!
If we take a look at the current market we can see a simple setup which needs to be handled correctly. The is a falling trend from the top of the market, which was followed by a 3 wave correction (last one was overreacted) but it wasn't a surprise. First we need to jump back to that trading range to see what happens next. If we cannot break above that range, and...
Looking for the last catch for buying in this correction. My idea looks like this, similar like my BTC trade idea. Risk reward is low, but not 100% sure if we can get there. Order is pending, let's see if I can get execution as well. Trade safely with proper risk management, have a great week!
The moving averages are ready to meet, price action expected with positive feedback. It's a really safe trade considering the risk reward ratio. I am not sure if we will get down there, but I am looking to catch it. The MA cross is a good sign of another spike in market liquidity. Once we cleared this zone it will be easier to trade.
Key zone, that means market just cracked. You need to sell most of your holding once it goes to a downward spiral, if you are lucky enough it will end with a dead cat bounce, see you in the next bull market!
Looks like that the market is full of traps, yesterday bull, today bull, when we finally do some bear trap as well?