I'm opening shorts on cardano. Maybe title is not relevant to my thinking, because it's not trend analysis.
I don't like to call it fundamental analysis too, because I don't really believe on fundamentals of crypto markets, but thats just a "guess" and interpreting of situation on BTC and possibility of running ETFs by CBOE.
I strongly believe that CBOE will...
Last week BTC suprised us, and went up a lot, but right now its on very important level. It's time to decide where it will go.
BTC crossed downtrend level and is just about strong resistance level at 7800. If BTC will pass resistance, it probably will go up more, but in my opinion, there is stronger possibility, that BTC will reject this level and continue...
From some time NZDUSD is at the bottom of the channel.
The golden rule of trading (doesn't matter if it's currencies, stocks, cars, video games) is to buy when it's cheap and sell when it's expensive.
When you are buying TV - you know which one is cheap, and if you are doing little research you can say that some time ago the price was higher/lower and on that...
Yesterday BTC crossed SMA20, and today attacks downtrend line.
If there will be breakout, I will definitely open long and keep it until price will be close to SMA 100. My stop-loss will be at 7330 usd.
EURUSD right now testing resistance level at SMA 20. If it will reject that line, I will open long and keep it at least to SMA50 (or maybe higher if chart will look bullish).
My stop-loss will be somewhere about 1.164.
Since chart doesn't look very bearish, or at least I can't see clear downtrend, I will try some short-term trade.
If the chart will reject SMA50 I will open short position and keep it until price will be about 0.989. I will put stop-loss above 0.998.
BTC brings us a lot of emotions last weeks (or months :D), but I hope good times will come and BTC will be bullish again. Maybe in longer term reaching new ATH.
My short term game plan for BTCUSD is keep my shorts to uptrend line and then reverse positions. Honestly I don't know what will be next - how long I will keep my position. I think I will watch chart and...
When ETH was created, I was very sceptical on it. I was so into Bitcoin, that I looked at every new project like it was a scam. Now I love ETH and I believe that there are bright future of this crypto, thats why I'm holding it, just like few ohter cryptocurrencies.
But in this post I will write about my idea of current situation and my short-term plan to play on...
Few days ago I shorted EURNZD, and it was successful trade. I closed my position, but I looking at the chart I think it is good moment to open short again.
Right now we can see correction to downward move and EURNZD is fighting with resistance zone about 1.6965. If chart will reject the resistance, I will open short position and keep it to the channel bottom.
USDCHF price is high, so it is good time to look for short opportunity. Previously I unsuccessfully tried short at channel top, but market went up so I had to close my position. Right now I think it's great place to try short again, because chart is fighting with resistance zone.
My target is somewhere about short term uptrend line. I will set stop-loss few pips...
EURNZD like to follow SMA20, and this is what I will try to play again on that pair. My game plan is to keep short position until it will hit support about 1.695.
If chart will reject SMA20, it will also create HnS formation, which should support our downward movement.
felt down from previous mid-term uptrend channel , and created new on. It seems, that there is good moment for opening short positions. The goal is the new channel top.
I will be very careful with this trade, and close position if price will continue down movement.
It looks like STRAT rejected 26th march top support zone and trend line and going up. Closest resistance is about 738900 satoshi, but there is quite big possibility that STRAT will go much higher.
Personally I believe, that STRAT will go soon to 1 million satoshi. I'm not the person who follow believes at trading, but I'm at STRAT for long term too. Before the...
My long on USDCHF worked, and now I think it's good time to think about reversing this position and start to open shorts.
I decided, that I will start opening shorts when chart will reject top of the channel, but I will definitely wait for results of Consumer Confidence Survey and new residential sales and I will not enter any position before that.
BTC reached top of triangle and SMA50. Now everything can happened and we can not predict if price will go down to the bottom of triangle and then jump again, or it will fall down to 5000 usd, or just continue to grow. Now BTC consolidates for about week.
I decided to close all L positions, and watch how situation will develop, but to be honest I see bigger...
Our long is doing great. I hope we will reach top of our mid-term channel soon.
As you can see on this chart, we are at the top of our short-term channel, so I guess market will go little bit down. If it will reach short-term channel bottom it will be great opportunity to build bigger long position.
This chart is related to my previous analysis. Click below...
USDCAD entered shot-term downtrend which is part of medium-term downtrend. I really like to play that kind of situations, because I know, that I have bigger chance of winning at that trade and even if I made wrong decision at shor-term trend analysis, I sometimes would be able to exit position with profit.
I guess we are somewhere at the 1/3 of short-term...
EURJPY looks quite bullish. I have one long position I opened below channel bottom, but I'm not that sure about that decision, so I will wait with building bigger position until chart will cross SMA100.
So here is my game plan: I will open long above SMA100, and if I'm right I will keep position to orange dashed line I put on chart. I'm not convinced to keep...
