Hey community, this seems to be a pretty sweet long trade setup in the near future
Breakdown of trade as follows:
- 1000$ Dump by Big Whales
- Now Ranging in the 9500-9700 area
- Bulls are going to take charge as bears have lost motivation to push price down
- RSI is moving up
- MACD points to bullish sentiments in the market
Setup as follows:
Limit Buy @ 9500...
XBTUSD looks like it's retesting support repeatedly but bears seem to look quite weak when it comes to taking the price down to 9200
According to me, I see a short-term long trade setup for the next 2 days. DYOR before taking entry.
BUY Limit Order - 9600
Stop Loss - 9550 (100 pips)
Take Profit 1 - 9725 (Close half position size)
Take Profit 2 - 9850 (Close full...
Ethereum has had a good bull run along with BTC. Everyone can notice it trails along with BTC i.e If BTC goes up, ETH follows along.
However, since BTC is in accumulation since yesterday, I see a potential short trade setup. We have weak support at 278.5$ on ETH, which if broken could retest previous support of 260$ or maybe even further down.
Getting down to the...
According to my analysis, XBTUSD is going to touch resistance by the end of today or tomorrow.
- Bears not motivated to push price down
- Trending up MA 10, 21, 50, 100 & 200
- Accumulation is ongoing
Therefore, Resistance to touch next is 10450.
Entry = 10200 - 10250
Take Profit 1 = 10350 (Close half of your position)
Take Profit 2 = 10425 (Fully...