although i have plotted a take prof you will need to monetize this as this currency is in a bull market and has been and i dont think it will change soon.
be sensible on how long you hold this trade for.
Hi people it's good to be back
there has alot happened with bitcoin in the last month and I would like to give you my view on when it would be appropiate to invest in the cryptocurrency.
So Bitcoin has finally hit 10000usd congratulations to the BTC owners I would like to buy some but for now there is a better time to get in.
I'll go in on the 618 fib...
The bias of the bearish momentum is now back in motion. I have plotted all you need to know on the chart. head and shoulders. broken through a previous support region.
I recommend you [ b]hawk the 4 hour chart and wait for a strong reversal candle once the price action reaches the baby blue ray i have plotted as that is what i will be doing .
Don't...
We have hit the upper TL a 3rd time and i believe we will see a drop from this level to the 0.7500 support. We may also see 0.7450 before a potential bounce off the weekly TL.
descending trend line
hit the fib level of 61.8
over 4 types of resistance correlating at the entry price
stop loss over the next higher fib level
4h our bearish
nice easy drop do to most recent low
simples
AUD/CHF pair has reached well-established resistance level. Trade was placed with long bias with an expected Risk-Reward ratio of 2.7, SL and TP were placed on previous structure high and lows. Expected time of trade completion to be around 2-3 days.
Bitcoin: BTCUSD
Running out of analogies and cliches to describe price action here. That something so big can act like a penny stock at
points is a reminder to all, as Gekko said, 'Money never sleeps, pal'. Every other currency actually does at least grab
40 winks at the weekend - but Bitcoin's on crack 24/7.
Oh what a killer opportunity we've partially missed...
A lot of the top TA's here realize that their opinions do shift the market sentiment. Some take advantage of their reputation and gain at the loss of others. I hope I can be an honest and transparent reference in the market and want to help others in their journey to financial freedom! There is more than enough wealth in this world to share. In the last month of...
