Openen long @ 1.10677 EURUSD . Kinda risky, but let's give it a try. I have a couple of hours to close it. :) Stop-Loss is close.
For months I have been out of alts and solely been trading BTC, this $MTL setup however seems to look pretty promising. We have seen this kind of volume in the past for $mtl .. Alt market = brutal, high risk, not advice, set sl. Etc..
As you can see there are two very similar symmetrical triangles on this chart. Price action and length of the triangles are similar. Price could once again breakout on the 18th day of consolidation 8/13/19. Last time this setup occurred, we saw a 130% increase in price. If this happens again, we could see a price of 2150 sats. Let's see if history repeats...
I've been following this emerging pattern for a while now and believe it's a WXYXZ triple zig zag corrective wave after the recent rally we had. I don't think the rally was a bull rally though. I think it was a B wave and we are now in a massive 2 year C wave which will play out similarly to what happened in the A wave of 2019.
XRP makes new higher low before a pump, and this higher low is equal to previous higher low multiplied by 2.5. It should jump back real soon...
PMA is going to drop down again. As we can see in each sycle MACD reversal means drop of PMA. MACD looks like it wants to reverse. Also BTC looks like it can go up again, so all altcoins will go down. All in all - I'm waiting to pack bags at 1 satoshi :) Let's get rich :)
For short term, target is $950. For long term, $9.5k would be a good selling point to watch market to buy in new positions.
Hello all - DuncanForex here with another trade idea I have gone long on GBPJPY following a 61.8% fib retrace on the 30 minute chart - I am looking for it to break through previous resistance and head higher to the level indicated. With Brexit news coming out often, I will be managing the trade closely. Thanks for looking and my website is now live Cheers Duncan
Hello all - DuncanForex here with another trade idea I am looking for GOLD to head lower on a second leg movement down following the engulfing bearish candle printed yesterday It will head back to 1375 areas slowly - retest what is now support and then head higher up to 1800 over the next year. I will be trading Gold heavily over the coming months based on this...
We live in an era where everything is in a bubble. In bubbles people buy stuff not because they provide value, but because they can quickly find a greater fool to sell it to them. It is the point where everyone is buying because others are buying and want to make easy money. Money without doing any homework, without a plan. As a trader and investor you keep...
My Guess for BTC's true bottom and next bullrun. time will tell.