Here I have I have drawn a black outline tracing price starting from the $4900. I left the outlier of the large movement from April 1st-2nd under the assumption that 1 or a few whales caused the movement rather than the market as a whole. Operating under the assumption that the general market is left to determine price action after the large increase, buying...
Bitcoin (April 16, 2019)
We stand for a long time.
I looked through BLX and saw that we have the next zone $5700-$5800. With high probability we will go there.
Buy = $5060.00
Take Profit = $5700.00
Stop Loss = $4760.00
Take Profit (x5 Leverage) = +63.30%
Stop Loss (x5 Leverage) = -29.65%
Another Manipulation from whales?! Or whales forget about us?!
Check this fractal structure on XBT BTC and compare to what is going on now, we have 3 touches of top resistance (red) and 2 touches of rising support with 3rd breakout, so will it repeat again?!
RSI long time ago showing hidden bearish divergence: Price peaks going down, and RSI peaks goes Up....
Hi there, Bitcoin chart showing some stability over the week, many people started to think that the market is recovering and it will be bullish in nearest future. Well I have doubts about it, so we calculating our probabilities to manage risks before taking trade decisions.
Look at chart now: it showing us Ascending Triangle, and price still developing inside it....
It's easy to call it manipulation, but then you'd be ignoring all the technical analysis that told us we should be booking profit, hedging short, poor R:R at those levels and at weekly resistance.
If you want to play the game, the first rule is that there are no rules.
Whales will use their positions to create FOMO from retail traders and will sucker you in to...
Dear trading enthousiast,
Maybe I am suffering from tunnel vision, or confirmation bias, but I see many trend lines converging to a ~6400/6500 target to the beginning of May (and a capitulation afterwards).
Earlier I expected a pullback before reaching the top of the channel, but I think we won't see that happen (in fact, I don't think the bottom of the channel...