Hello! We wish you reasonable trades in the coming year!!
So, “KYRREX” project again with you and we continue our series of publications about our orders. As always, we remind you that we share our orders and the logic of their adoption. We believe that it is critically important for traders to learn and think for themselves, and not just copy some of the buy / sell recommendations with the incomprehensible logic of their creation.
Let's look at the cryptocross LTCBTC, the picture with the chart and drawn comments. On the left, at the level of 0.0087, we can see the bears' cozy outpost, which the New Year buyers have already tried to disassemble in pieces in two failed attempts, (Approach # 1 and Approach # 2). In both cases, the bulls met the counter sales and rolled back. But the continuing third approach already gives hope for a breakthrough, in the aggregate of a whole group of factors:
• The third attempt of the approach differs from the first two, first of all by the fact that the counter sales did not throw the price far away and remained within the upper half of the Starting Candle (mark on the chart)
• The bulls “restrained” sales of bears in the upper half of the starting candle for several days (a blue rectangle on the chart), swallowed the sellers and, in fact, accumulated the volume from which the breakthrough of the zone 0.0087 is possible.
• Two bullish candles tested upward movement (marked with green arrows on the chart), and the second of these two candles closed at the top in reduced volumes. This could potentially indicate that the bearish outpost forces at 0, 0087 have dried up.
The one who professionally trade “breakdowns of levels” knows that he needs entering the breakdown a bit “before” as it happens, because at high speed he can’t get the price he need at all if he rush after.
Our flight plan:
1. Open a deal in one of two options (which one works before)
a. BUY Limit on the price 0,0082
b. BUY Stop on price 0, 0085
2. We are waiting for a breakthrough of 0.0087 and a reaction to the breakthrough from the bear camp. Perhaps the bears will tighten up the reserves, the attack will choke and the price will be returned under 0, 0087. Then we look at the situation and the patterns.
3. If the reaction of the bears is adequate and the breakthrough is successful - we go to 0.0092, where we close half of the position of the SELL Limit order, and leave the second half of the position to close the SELL Limit order at the level 0, 0097.
Have a nice holiday, profitable trades and a cold mind in the coming 2019! Follow us on the air!
* All KYRREX publications are intended only for informational and / or marketing purposes and should not be taken as economic, financial, investment advice, recommendations, or trading ideas. KYRREX does not take into account the purposes and situations of any particular trader in analytical publications and KYRREX is not responsible for any loss resulting from investment based on published analytical materials.
So, “KYRREX” project again with you and we continue our series of publications about our orders. As always, we remind you that we share our orders and the logic of their adoption. We believe that it is critically important for traders to learn and think for themselves, and not just copy some of the buy / sell recommendations with the incomprehensible logic of their creation.
Let's look at the cryptocross LTCBTC, the picture with the chart and drawn comments. On the left, at the level of 0.0087, we can see the bears' cozy outpost, which the New Year buyers have already tried to disassemble in pieces in two failed attempts, (Approach # 1 and Approach # 2). In both cases, the bulls met the counter sales and rolled back. But the continuing third approach already gives hope for a breakthrough, in the aggregate of a whole group of factors:
• The third attempt of the approach differs from the first two, first of all by the fact that the counter sales did not throw the price far away and remained within the upper half of the Starting Candle (mark on the chart)
• The bulls “restrained” sales of bears in the upper half of the starting candle for several days (a blue rectangle on the chart), swallowed the sellers and, in fact, accumulated the volume from which the breakthrough of the zone 0.0087 is possible.
• Two bullish candles tested upward movement (marked with green arrows on the chart), and the second of these two candles closed at the top in reduced volumes. This could potentially indicate that the bearish outpost forces at 0, 0087 have dried up.
The one who professionally trade “breakdowns of levels” knows that he needs entering the breakdown a bit “before” as it happens, because at high speed he can’t get the price he need at all if he rush after.
Our flight plan:
1. Open a deal in one of two options (which one works before)
a. BUY Limit on the price 0,0082
b. BUY Stop on price 0, 0085
2. We are waiting for a breakthrough of 0.0087 and a reaction to the breakthrough from the bear camp. Perhaps the bears will tighten up the reserves, the attack will choke and the price will be returned under 0, 0087. Then we look at the situation and the patterns.
3. If the reaction of the bears is adequate and the breakthrough is successful - we go to 0.0092, where we close half of the position of the SELL Limit order, and leave the second half of the position to close the SELL Limit order at the level 0, 0097.
Have a nice holiday, profitable trades and a cold mind in the coming 2019! Follow us on the air!
* All KYRREX publications are intended only for informational and / or marketing purposes and should not be taken as economic, financial, investment advice, recommendations, or trading ideas. KYRREX does not take into account the purposes and situations of any particular trader in analytical publications and KYRREX is not responsible for any loss resulting from investment based on published analytical materials.