crypto_poet

Bitcoin EUR / BTC USD. Two possible scenarios

COINBASE:BTCEUR   Bitcoin / Euro
We're curently in a range which might present us actually three scenarios. The one with smaller probability not listed in this example is price stagnation and side movement, which (due to a long term breakout) has a positive impact on LONG positions.

Presented here however possibilities consider short term price movement which is restricted by previous behaviour of global traders community. Breakout above current resistance will result in signifficant price movement towards the upside - possibly well above presented here top from 17'th of August (LONG term dynamics).

We can't however exclude here long term (strong) resistance in this area, hence tight stop losses are recommended and appropriate capital managemet as always is cruicial for the long term outcome of trading activities.

For short term traders LONG here isn't a bad idea since there is a little bit of space for growth, considering visible RSI and supportive (not presented here) 100 Expotential Daily Moving Average. Apart from my cold storage capital - I stay here out of trading, waiting for further price development after unfinished yet weekend.

Have a great day - and good luck with your consistency.

Comments

Good work
+1 Reply
crypto_poet Saeed966
@Saeed966, Thank you - any form of motivation is highly appreciated sir !
+1 Reply
So, it's up, down or sideways. Very useful 😂
Reply
yes, no, maybe these are the tools of analysts, rofl
Reply
crypto_poet djdeejay_com
@djdeejay_com, Combined with appropriate strategy, risk/reward, consistency and capital management might return some juicy outcome.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out