Hey Guys, hope you are doing well.
As a part of Aglogains daily trade series, I've entered a trade at 2225 a few days ago.
Clearly, there is
Local Support - 2266
Local Resistance - 2328
What do you guys think will happen in the near future? I'm still bullish for the near term.
I would love to get your thoughts on this guys.
I am using ETH here because that is what I happened to be trading today, and I initially I drew some trend lines on November 16th, 2020 trying to get a feel for where we are at relative to the 2017 bull market cycle. At the time, it was pretty obvious what was about to happen. But I am not so sure what happens next... If historical patterns rule the world, then we...
After a sharp drop in price, the momentum equals, which is a positive signal. The RSI has also fallen gently, which means a positive side. There are also strong support levels for the GAP at Dec. 11 and 15. I think four scenarios are possible.
1. The NIO drops to $ 36 or $ 30 and the price recovers over time.
2. The fall stops at the support level and the price...
This is an exploration of the weekly time frame. I expect (not predict) more eventual downside for the EURO, at a rate faster than any devaluation of USD.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
Already with bulls since around 3 price level.. unreal. P/L around 40%, what should i do?
Should i close the position now? Don't think so..
1. Cryptocurrency market is breaking out, this month already had 5 posts regarding BTC, BCH, TRX, ETC and ETH..
2. EOS volume profile provides most traded area in the last 6, 3 and 1 month, so in my opinion selling around...
How you ever considered what happened in the past when you're looking at the present or wondering about the future? You might not have looked at it the same way I'm looking at it. Just thought I'd share. Good luck trading.
Total disclaimer: I do not short trades or leverage trade. I own .00002278 Bitcoin I bought for a quarter ($0.25) over a year ago and...
I will share my view on the current market, and tell you what I personally do.
This said, I am a hobbyist, so this is not a financial advice.
This will be quick, simple and without ambiguities.
WHAT TO DO
Those support and resistance lines are very important.
If prices breaks from the top green line, go...
1YR Forecast of BTCUSD . We believe BITCOIN is close to bottoming out and will likely find strong historical support in the 2k range. Based on technicals we believe we could experience a strong relief rally from the 2900 level and trend upwards attempting to retest prior support, which became new resistance @ the 3500 level in the BTCUSD daily chart. If...
4HR chart of BTCUSD . Temporary short position target reached @ 3140 and we have a Bullish Gartley Butterfly Harmonic pattern playing out beautifully. Looking for a bounce from $3,115-140 level to test $3,277. Will be looking for a short re-entry around the $3300 level. If the 4HR candle close is above the 3277 level within this 4HR candle expect a minor relief...