Welcome to a potential trade setup as a part of the "Aglogains - Daily Trade series".
We entered a scalping trade in the morning looking to scalp a few points from the market but the bears had a different idea. Unfortunately, our trade got stopped out, but booking losses are an unavoidable part of your trading system.
That is why it is so important to manage...
Theta once it gets rolling is incredible. We all love those 100 - 200% runs..
Wew haven't seen it come back to the 20 day EMA yet though so I would say we'll sit where we are now for at keast a week, if not break lower towards the short term trend a about 5.60
During the weekend, BTC has continously oscillated between 56-57K, with very few differences. It tested a bit the 54K value, but went quickly straight up. My hunch is that the next psychological important point is the 60K . For now, any transaction made is definitely FOMO, therefore waiting is still strongly advised. Upping the SL is a good choice, unless you've...
GU broke daily level 1.30650. Waiting for a retracement back into that level - if it creates support I'll be looking for a long entry on lower timeframes.
If it goes back under 1.30650 I'll be looking for a short day entry to the downside.
looking to see how we react to these two zones.
SPX has the tendency to go on a steady bull run and collapse.
To determine if this is the beginning of a bearish trend or just an aggressive pullback we have to see how price reacts to these zones.
Structure becomes that much more important in these situations.
Waiting for the price to either drop to 415 major support level and see if it drops further the way it goes in metals (if that happens, I'll cry lol), or if it breaks out at 500 resistance level (point where I'll buy more ETH...