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Go long now in the trading range or go long in the...
The qqq it's been in an insane uptrend doing a resemblance to the bubble back then in 2000 with the hype of the internet, hopefully the story doesn't repeat but this scenario combined with the novel covid-19 makes me have some concerns about a not too far recession.
I think BTC is going to take a bearish turn headed towards the main support. Overall the trend keeps being bullish but the market really needs a reset. RSI shows an overbought figure and a H&S pattern is forming on the top, meaning a diversion from the current motion is coming.
I can see three main target prices in the fall that might work as a mid term support....
80% long trade 20% shorts, eth & btc, stop loss below supp, take profit next potential leg up and re-enter same trade after 10 min chart bottom, the stair pattern will end at some point short term but on 10d timeframe its giga bullish
Not looking for price to break this level here, with my .01 position open my SL is at the top and would roughly cost me $250. A win to TP would be $500
On Friday El President came out and said he and his wife has the COVID. Market has opened and thankfully gapped up. I am expecting price to drop. I have been expecting price to return to November 2016 the week of...
I see a nice downward movement for the pair and I am considering entry after confirmation. Looks like a good idea.
Consider your own goals and analysis before considering the suitability for this trade and trade on your own risk.
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Happy Trading Day!
Note: this is NOT to be taken...
I was just drawing a few lines and got some ideas. What does everyone else think? There is no wrong answer until its wrong so speculation is not limited. Just having some fun.
My opinion, is guess 2 or 3. RSI low and MACD made the cross in after hours on the 15min. so we will see.
Hi dear traders.
Here we have Eur/Usd pair which I think is going for a fresh downtrend move which you can see it in my analyse candles are touching the resistance are of the old channel im going to set a SELL for this pair.
please inform me if you have any idea about this analyse
The EUR/GBP manages to reach a lower low. 📉 🐻
We are already short since the beginning of August; however, it might not be too late to jump on the moving train! Short with stops above the previous highs might be a good idea. We see the downward move continuing. Target is as always our yellow box, where we expect a reversal. Nevertheless, we have to watch out for...