Wait for correction to the weekly central Pivot of next week, then Sell between the 21/34 EMA and below the weekly M3 of next week . Conservative target is M1 of future weekly Pivot and agressive target is at S2 future weekly Pivot . Shorting Euro is generally a good idea these days because you also get money (Swap) from most brokers for holding the position over night.
Entered long on BTC entry 7570-7590 targets 7690 | 7800 | 7980 | 8200 stop loss 7382
So just earlier we saw Bitcoin drop below its existing trend line for support. Then it popped up back above that support meaning we had false breakout downwards. So I'm taking this as another confirmation for the existing trendline we are on. Currently we are relatively oversold on RSI, MACD has crossed indicating the end of the short term downtrend, and Volume is...
The reality is after a long and prolonged stretch of bearishness, the makers of the market for a high value asset with much future upside potential are not going to let you comfortably buy and hodl in anticipation of the moon mission. They want your coins because whoever controls supply controls the future. But they're also bound by a razor wherein destroying...
I hear that banks are getting out of the way, but NYC hedge funds are stepping in. Regardless, I like this chart. Live product and peer to peer. Count me in!
Reasons why I will enter a long position using a LIMIT ORDER when price retraces back into the consolidation zone: 1. Valid break-out pattern with a clear consolidation zone 2. Smaller time frame patterns have reach upside targets 3. High return on investment (193%) with 16:1 risk/reward 4. Buy low / sell high Enjoy. Disclaimer: This is only my opinion,...
Creating a new post on request because the other one was way too long and it was a pain in the ass even for me to update. So far this has been pretty accurate. Right now there is a ton of enthusiasm calling for a pump back to old highs. I have to emphasize that although that is absolutely possible, we are in a different place in the overall market cycle...
Right now alts are like kites drifting in the wind, following Bitcoin. Unfortunately, Bitcoin Cash is asleep as well, so here we are. Focusing on the main event. So, you've been told $8,000 is coming and suddenly after much reluctance and many failed longs, $10,000 has come and gone twice and five figures remains. There is much danger in this market. Things...
Tron hitting some lows against eth. I made the swap today after taking gains on eth from 740 to 1,410 since eth has been feeling toppy to me and i suspect a double top here before a large retracement. I plan to hold until we see what the bounce is like from this trend line and if we can see some of the same volume we had the past week. I feel pretty good about...
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Today is 3X Swap day and the broker that I use provides a 7 points swap for going short on the Euro/New Zealand Dollar pair. Looking to go short on the pullback to take full advantage of the free money during todays swap.
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