Stop 6652, 6800
Take Profit 5978
I've also listed a second stop loss for those more willing to take on more risk.
Seeing a head & shoulders pattern on the 1hour time frame, and although we've seen a nice bullish move in the previous couple sessions it seems like the price cannot hold.
We're seeing volume just gradually...
We're currently up over 13% on our last short trade, and we're looking to close it out soon to lock in some gains.
Heres our analysis for the week!
Last major correction like the market is experiencing now sent bitcoin down 86% from its ATH at the time.
We believe anything under 2,700 should send the market to 1,000 levels.
CME will look to delist bitcoin...
Looks like BTC is breaking down, stops above previous resistance and take profits at the end of flag pole. Entrys at break of the flag.
If we break that white line the crypto market will continue to show extreme bearish pressure.
Hope everyone has a great week!
Nice trade, flag created on the daily and we've broken out.
Two different stop losses indicated, whichever one is more comfortable depending on risk tolerance.
Same with take profits.
We've created quite the curve and expect the price to go bullish for the next couple sessions!
Have a great weekend!
This is a sequel to our first post on risk management with trades we have actually executed and not using examples from past market data.
In this chart, we show how seven trades would be executed and with said trades increase our profits while minimizing our risk.
Closing our trades early protect us from any possible "flash crash" situations.
You can have a 30%...
Our newest trade in ZCL!
We've been consolidating for awhile now, broke out and created a bull flag that we just broke out of.
Stops below previous support (bottom of flag)
Take profits at end of the arrow or when price shows signs of a bearish move!
We're up more than 300% on this trade, been watching this for a long-time and it seems like its now a good spot...
Nice buy and hold situation. Stops below previous supports based on your risk tolerance!
Profits will be taken at fib levels, or when price begins to show bearish reversal.
We've consolidated and broken out many times and seems now is the perfect entry!
Nice volume shows people starting to load up.
Hope you all had a great weekend!
Turns out a lot more. We managed to catch this early and bought in originally at $5 and have profited greatly from this trade.
We've taken profit multiple times re-entering when the price begins to retrace.
Even during our 2nd trade, we managed to enter at $22 then close at $38 before it dumped!
On the hourly, we've seen a bullish flag form and it just broke...
Nice continuation pattern formed on the 15M, we just broke the triangle and are entering long now. Stops below previous resistance!
We're currently up over 250% on this pair and are constantly entering and re-entering until we see a major bear sign.
We're seeing a flag being formed on the 4HR, and we're going to enter long once we break out of the flag.
If the flag doesn't break out we're not entering the trade and this will be canceled!
See the related idea below on how we trade flags.
Once we breakout our stops ill be below the previous support!