Anyway, there are two possible entry levels for buying, which are clear now. The 1st entry level is above the high price of the signal candle. Pending orders for buy can be placed at 3.70 level. The 2nd entry level is based on a local swing high and 4.50 . If the market moves upward, the breakout above 4.50 will confirm the uptrend and the strength of buyers. This signal can be used for safe buying or for adding more trade to the long trades opened based on the 1st entry level.
For both trades, stop orders must be placed below 2.20 or below 1.50 levels. It depends on your attitude to risk size. The main profit target should be at 8.50, and the higher resistance can be used for fixing profit too.
The market reached the bottom, and buying for the long run looks logically. At the same time, if Bitcoin moves downward, this market will have good chances to make a new bottom, which can be not far from 0.50 support.
I have an idea about EOS. I had in mind that I might have seen it lately so I checked with google search "china crypto project rankings" and baaammm ....
Found few articles about how they rank these projects. And guess who is on top? For quite some time :)
I found this article with longer explanation:
My Short history , bitstamp:
23.10. hard drop of BTC
24.10. 1 btc < 7500$
25.10. Chinese president statement and boom ... 10k for short time
28.10. new crypto rankings
If I add these "facts" to your point of view I can say that EOS has good chances to grow significatly. If the crpyto fewer starts heavy then ATH prices will look so small.
Best Regards, R.
p.s. I noticed some comments to your ideas. Reading some posts makes me think that they are only total waste of time.
p.s.s. Just watching Bloomberg and they mentioned blaochain and crpyto and Libra .... very high probabilty of 2% rise in less than 15 minutes :)
Have you done your homework before buying and what were your results? :) :) :)
Dude, your investment capital will be more than 50% down ! Are you serious?
And you are also targeting potential $0.50? It is not a trading strategy. It is purely gambling.
Sorry dude, I have been following you over 2 years, it is your by far the worst crypto analysis .
you comment is awesome! Do you want to talk with me about the money and risk management? I will be happy. Based on your comments I'm not sure that you understand clearly my idea. So, let's make it clear.
Yes, the highest entry level can be above 4.50 for safe trading. Yes, the stop-loss level should be below the uptrend line, but let's make it 1.50. I'm really very surprised why you wrote me about the risk in 50%?
DD in 50%? Ok, it can be only if you don't know what is the money management and diversification. Because with such knowledge your potential risk can be like, 1%, 5%, 10%, 25% and of course you can make it like 50% and even 100%. That's why we can see the difference between novice traders and pro traders. With the same signal the 1st one will blow up their money, if the market moves against them. The 2nd one will exit from the market with small drawdown and move to a new market with new trading opportunity.
And thanks for following me 2 year, I'm a little bit upset that for these period you could get the risk and money management ideas from my posts. It means I'm not a good author and it is my fault. Sorry for this! I will try to change the situation and post more about trading, money management and other important stuff, but not signals.
No matter you use 1% or 5% of your total investment if you are planning to take 50% loss, You lost the game dude!
"No matter you use 1% or 5% of your total investment if you are planning to take 50% loss, You lost the game dude!" it makes no sense. It is wrong understanding of trading and investing from your side. But again, it is your choice how to blow up your capital.