If you like my Idea please give me a follow and a thumbs-up!
- Currently, we are in a nice descending triangle. - We can see potential Head and shoulders forming within the triangle - I'll wait for confirmation to drop below the neckline - trade safe - smile - I am not a financial advisor - make a plan, stick to it - trade what you are willing to lose - be safe - Test your own charts - be responsible! - and once again.... Smile
Hi, still learning. Do you mean you think it will retrace to 35/36 dollar? thnx
dstvst
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@cryptolystic, honestly, it all depends on what bitcoin is gonna do at this point. If bitcoin falls everything else falls with it, If it goes up altcoins may follow. It could go down to those levels and possibly even lower than that. There is always a possibility of it never reaching this point and maybe start an upwards movement. If you are a newbie I'd suggest you need to make a plan for both scenarios and then also for the worst-case scenarios. Always use stop losses especially if you are new to this. If all this makes you uncomfortable the safest option would be not to trade at all for now until the market becomes less volatile. Maybe study the charts and some chart theory and draw out possible scenarios, then see how your ideas play out. Once you feel like you can manage you can start trading with small amounts after that if it goes well slowly increase your risk/reward. but until then Good luck and I hope this helps. Please give me a like and upvote if you found this information useful.
Quartzzz
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no i dont agree...
dstvst
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@Quartzzz, You are more than welcome to disagree. This is just my idea of a possibility. I always try to prepare for more than one scenario. Good luck with your trades :)