My last trade in UNH highlights an example of where I look for targets especially within a mid consolidation. When looking at a past high as a potential take profit target often times price will miss the actual proper high. The more conservative and higher probability place to take targets (or look for reversal) is the 50% within the reaction off the last high:...
EOS gained our attention last day, when it was the only growing in price crypto within top-30 on Coin Market Cap. Today it gives a possibility to trade on 1 hour timeframe as well as 1d timeframe. On 1D timeframe EWO shows us a change of wave, which is a good global sign. On the 1H timeframe this position is supported mainly by point of convergence on MACD...
Yes, after almost 10% gains this week, I’m completely out of NIO. Why did I sell it? It triggered my stop-gain at 38.40, which we talked about in my last analysis.
Now I wish GL to who’s still here, but I’ll just wait for another chance to trade it.
The 38.19 is a bearish pivot point, and if NIO breaks it, perhaps we’ll see a...
And we finish this week with 16% gains on PLTR! Not bad for a week! Now I sold it at the 24 area, as we already have been planning since last week.
Why did I sell it? First, it hit the target, the previous resistance. Second, the RSI was too overbought in the first 30min candle, around 90. Third, it hit the target by doing a huge candlestick, and usually this...
Qtum had great news over the last week like partnering with Travala, launching a venture captial group in Sweden and the hard fork on April 30.
That's why all our targets were reached and we did take at least partial profit.
Now we see a retracement from a spike and are likely to see some support around 22-23$ which was the last resistance line.
It also falls...
First rule of profit taking is to let your winners run. Second rule: don't let them run all the way back to nothing. Taking profits keeps you in the game.
This is a simple way to take profits on the EOS move if you are participating.
I wanted to make a post about my current opinions of Bitcoin. Although I am a bull, I do believe bitcoin is overdue for at least one red month or two and we are starting to see signs of market exhaustion. With what seems as if every large financial institution and tech company is investing in bitcoin, why do I think this?
Well, the market is...
Happy Saturday. This post has been posted twice now due to some technical difficulties so sorry for the delay.
I decided to take some profit on bitcoin today around $58,500 as I'm up over 25-30% on some of my buys and after taking some time to look at charts I think we may see a 5-10% correction down to 54-55k.
Here's why I think this:
Happy Saturday. I decided to take some profit on bitcoin today as I'm up over 25-30% on some of my buys and after taking some time to look at charts I think we may see a 5-10% correction down to 54-55k.
Here's why i think this:
1. I believe we are forming a very bullish pattern (inverted head and shoulders ) on the daily time frame. We would...
Recalling from my last post, I had given my analysis on where I believe bitcoin is headed. Again, I believe we are headed up. The biggest indicators being the Inverted Head and Shoulders pattern on the 12 hour and the MACD cross over with waning selling momentum.
So what are my targets?
For a conservative target, I believe we will see...
HIVE just spiked and did reach our last target set at 450% from our entry.
So enjoy and and have fun.
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment...
Part 2 of why I am shorting BTC to at least $36,600 . The last run up to 38,900 was a Hunt to get shorters liquidated. Basically a stop hunt and now it's over and there no more volume and no interest in pushing above the 38,500 to 38,900 range. If we get a close with high green volume above $38,700 then I may be interested and will certainly watch to see what kind...
So all the volume that gave us days of awesome profits is gone and now all I see is big money selling off the BTC and taking profits with series of small ABC's and they are trying to create an illusion that we are holding here but I know another big DUMP IS COMING!!! If we dont close above 37,400 then they are going to go deep. Only if they were to close above...
Cashed out a decent chunk of my position, small numbers on Binance, but hey, every little bit of BTC helps, and it's nice to actually score a profit on an Alt. Still long for the moon on all of them, but I don't kid myself with any of them...Even BTC might one day...nah, don't want to finish that thought. Better to shave a little and collect more BTC because we...
Gold is in continues downtrend since start of this week.
some profit taking, and retracement after $100 decline is natural
Some who sold right at the top and monday market open has huge profitable trade