Given the strong rise in crypto and the stock markets... it seems be logical to move more upwards. 📈
However... that could also be a reason for stocks and crypto to go down. 📉
Whatever the case. We NEVER know for sure. 🤷♂️
That's why we place our bets along trend lines, and support and resistance levels. 💵
The flag pattern ⛳ you see here is a classic one. We can expect prices to rise when the price breaks the resistance. On the other hand can we expect the prices to fall when it breaks support...
Both are good possibilities to happen.
Look for trades with high reward and low risk ratio. You might still lose some trades. But over time you will be making consistent profits. 💰
Be patient... be relaxed... and pray for making the right decisions. 🙏
However... that could also be a reason for stocks and crypto to go down. 📉
Whatever the case. We NEVER know for sure. 🤷♂️
That's why we place our bets along trend lines, and support and resistance levels. 💵
The flag pattern ⛳ you see here is a classic one. We can expect prices to rise when the price breaks the resistance. On the other hand can we expect the prices to fall when it breaks support...
Both are good possibilities to happen.
Look for trades with high reward and low risk ratio. You might still lose some trades. But over time you will be making consistent profits. 💰
Be patient... be relaxed... and pray for making the right decisions. 🙏
Trade active:
Yes... As I've analysed yesterday there is a possibility to go up for Stocks and Crypto.
But there was also a chance to go down.
And let's be real... that chance is still there... it's always there!
Given the fundamentals (trillions of $ pumped into the US economy and trillions of €'s pumped into the EU economy), we might expect Stocks and Crypto to rise.
Ethereum said it has now surpassed the amount of bitcoin wallets with 39.9M wallets.
Pay close attention to the Tether supply for more fundamental info. More supply usually means rise in crypto.
Place your stop-loss accordingly.
Be patient... be relaxed... and pray for the right decisions 🙏
But there was also a chance to go down.
And let's be real... that chance is still there... it's always there!
Given the fundamentals (trillions of $ pumped into the US economy and trillions of €'s pumped into the EU economy), we might expect Stocks and Crypto to rise.
Ethereum said it has now surpassed the amount of bitcoin wallets with 39.9M wallets.
Pay close attention to the Tether supply for more fundamental info. More supply usually means rise in crypto.
Place your stop-loss accordingly.
Be patient... be relaxed... and pray for the right decisions 🙏
Trade closed: target reached:
As you can see, I was wrong to say that we might expect crypto to rise.
After a great stock market rally, and crypto rally we saw a big pullback.
If you placed your long and exited when it went back, you lost a fraction of what you would gain now by going short at the right spot.
Patterns always repeat themselves. But sometimes, like this case, there is a false breakout.
Fear you may lose more, and hope your profits will become bigger.
Happy trading.
After a great stock market rally, and crypto rally we saw a big pullback.
If you placed your long and exited when it went back, you lost a fraction of what you would gain now by going short at the right spot.
Patterns always repeat themselves. But sometimes, like this case, there is a false breakout.
Fear you may lose more, and hope your profits will become bigger.
Happy trading.
When we find, we will always find information to support our ideas. That's why it's always important to think independent. Don't be bullish because you think the market is bullish.
Observe.
Pay attention.
Act.