XBTUSD has been stalled in the last few days and we suddenly broke the cloud today, with a bullish Tenka/Kijun Cross that happened a few days ago and after Tenka was being used as support we believe we have turned bullish at least for a while. Our targets for taking profits would be MA150 (orange line) and MA200 (purple line). Overall this will be healthy for the cryptocurrency market and we are already seeing random "pumps" like DOGEBTC which is sitting at 93 satoshis. MA200 has been a resistance for a while, if we finally break out, maybe we can re-test it as support and reach 8500 or higher. We'll be developing our thoughts as time progresses.
Conservative play: wait for re-test of Tenka on regular ichimoku settings
Entries: 7176
Target 1: 7372
Target 2: 7769
Stop-loss: 6857
Disclaimer
CryptoCue is not providing individually tailored investment advice and is not taking subscribers personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. Investors should consult their registered financial adviser before investing.
CryptoCue is not registered to provide investment advice and is simply providing an opinion, giving a particular experience. Information contained here is not an offer or solicitation to buy, hold, or sell any security.
CryptoCue is not a broker-dealer or financial adviser and is not affiliated with an investment advisory firm and does not engage in activities that would require such registration.
CryptoCue and/or any others affiliated with CryptoCue, are not responsible for any gains or losses that result from the opinions expressed herein.
CryptoCue makes no representation as to the completeness, accuracy, or timeliness of the material provided and all materials are subject to change without notice. Opinions discussed herein have not been reviewed by the securities and exchange commission or any state securities regulatory authority.
Conservative play: wait for re-test of Tenka on regular ichimoku settings
Entries: 7176
Target 1: 7372
Target 2: 7769
Stop-loss: 6857
Disclaimer
CryptoCue is not providing individually tailored investment advice and is not taking subscribers personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. Investors should consult their registered financial adviser before investing.
CryptoCue is not registered to provide investment advice and is simply providing an opinion, giving a particular experience. Information contained here is not an offer or solicitation to buy, hold, or sell any security.
CryptoCue is not a broker-dealer or financial adviser and is not affiliated with an investment advisory firm and does not engage in activities that would require such registration.
CryptoCue and/or any others affiliated with CryptoCue, are not responsible for any gains or losses that result from the opinions expressed herein.
CryptoCue makes no representation as to the completeness, accuracy, or timeliness of the material provided and all materials are subject to change without notice. Opinions discussed herein have not been reviewed by the securities and exchange commission or any state securities regulatory authority.
Trade active:
Our first target was reached. We'll move our stop-loss to our entry price, 7175.
Trade closed: stop reached:
After taking some profit, we got stopped out due to the 400 usd drop.
