DETAILS - PLEASE SEE CHART. I'M STAYING OUT, UNTIL THIS TRIANGLE IS BROKEN.
GENERALLY I DON'T PAY MUCH ATTENTION TO TRIANGLES, HOWEVER THIS ONE IS PRETTY BIG AND IT'S ALSO 4HOUR CHART, WHICH MAKES IN LEGIT.
I'M TAKING A DAY OFF TRADING TODAY AND RECOMMEND YOU DO THE SAME.
GLOBAL STOCKS DUMPED 3-4% TODAY, WHEN NASDAQ DUMPS, BTCUSD CAN ALSO DUMP BIG.
WAS EXPECTING BETTER NEWS, BUT WE HAVE TO REACT TO MARKET CONDITION THAT WE GET!
GOOD LUCK EVERYONE, STAY SAFE
RYDERS
GENERALLY I DON'T PAY MUCH ATTENTION TO TRIANGLES, HOWEVER THIS ONE IS PRETTY BIG AND IT'S ALSO 4HOUR CHART, WHICH MAKES IN LEGIT.
I'M TAKING A DAY OFF TRADING TODAY AND RECOMMEND YOU DO THE SAME.
GLOBAL STOCKS DUMPED 3-4% TODAY, WHEN NASDAQ DUMPS, BTCUSD CAN ALSO DUMP BIG.
WAS EXPECTING BETTER NEWS, BUT WE HAVE TO REACT TO MARKET CONDITION THAT WE GET!
GOOD LUCK EVERYONE, STAY SAFE
RYDERS
Comment:
I DO REALIZE THAT SOME OF YOU GUYS ARE PRETTY FRUSTRATED WITH ADJUSTMENTS, HOWEVER AS THINGS ARE LINING UP RIGHT NOW, I'D RATHER WARN YOU IN ADVANCE OF A POSSIBLE DUMP AHEAD OF US, INSTEAD OF POSTING SOME RANDOM FOMO CHARTS - YOU LOAD UP ON BUY SIDE AND END UP LOOSING MONEY. IF THIS SYMMETRICAL TRIANGLE BREAKS DOWN, BTCUSD CAN EASILY HIT 2800 WITHIN 1/2 WEEKS NOW. THEREFORE - BY DEFAULT - STAY OUT AND STAY SAFE. CAPITAL PRESERVATION IS THE KEY. IF YOU TAKE CARE OF YOUR BANK ROLL, GAINS WILL FOLLOW. DO NOT CHASE ANY TRADES! GOOD LUCK. RYDERS.
Comment:
updated short-term plan only - LMT BUY set at 3675 SL 3550 TP 4150 // LMT SELL 4175 SL 4300 TP OPEN(undecided yet). This is good for MEX/KRAKEN/COINBASE. Bigger picture - still looking for break down of 4hour symm triangle, target close to 2800. However bear trap in play near 3600 before it breaks.
Comment:
BTCUSD H4 UPDATE: STAY OUT GUYS, UNTIL FURTHER NOTICE. LOOKS LIKE A BIG DUMP PENDING NOW. MORE UPDATES LATER.