Good morning everyone, iv got a SUPER EASY TRADE opportunity going on for BTC today. We have hit the resistance of our descending triangle (see last post for significance of resistance). This means that the price is likely to drop from here. IMHO its time to take profits and wait till we fall and hit the support line at the bottom of our triangle. SELL points are...
Cheap, low interest rate money carries us to all time highs (market top april 21, 2021) and then sinks us.
Trump is reelected in November of 2020
Interest rates are lowered to near zero
There is some type of mass credit/lending fraud
Tech bubble bursts. Investments in companies with no real path to profitability are abandoned. NASDAQ 100 losses...
After a hectic week of news by Trump and US/ China trade conflict the US economy looks to be stabilising momentarily, trading the trend upwards to key resistance level of 26000 before expecting a drop down to potentially obey the channel trend.
If we get a break through of 26000 then w e can expect to see a bullish rally up towards 26500 which is a key level...
Looking at price coming down towards the 25600 Level, already 50 pips in profit before i decided to publish this idea. i can see Higher prices on the 1H and 4H have been rejected and we can see a downwards channel so i will be expecting price to fluctuate to the downside but ultimately break the channel eventually.
Follow my instagram profiles and reach out...
Looking for price to come back to the green highlighted zone before price doing anything else.
higher prices have been rejected and we can see that the 2550 key level was hit which triggered my sell, lets trade safe down to the green zone and secure the bag together because everyday is Money day!
Be sure to follow my social platforms
looking at price heading towards 26500 level. lower prices have been rejected on the 4 hour time frame, the big bearish candle is engulfing the green candle so i will be looking to see if the price breaks the previous red candle before looking at a clear buy.
as you can see i have a trend line going across as well as going diagonally up. you will notice that price...
$Theta has leveled off and slowed seller volume around .786 fib level.
We are seeing a potential cup form over the last 4 weeks which gives weight of a strong formation. Current forming a pennant off the bottomed .786 level. If pennant breaks then we could sell at .27 for easy profit. If pennant breaks then look to see bounce around .21.
Could see it test .21...
Theta spent a lot of time playing between Fibo levels, now it's time to take profit from it. We have 38.2, 50 and 61.8 Fibo levels, and most likely we'll see 38.2 bounce. So buy!
BUY: 2742 (NOW)
TAKE1: 3172 - below 50% Fibo
TAKE2: 3588 - below 61.8% Fibo
Easy trades, my friends!
Enjoy and subscribe!