finally, we have a breakout from ascending triangle, entering a long position here, still looks risky as retest is not yet confirmed
alright only for risk-takers, gonna trade this with just 2% of the balance, BTC & CYPHER has not been a good friend so trade cautiously
I read this somewhere, first, they pump ETH then BTC then alts then they cash out in USD & cycle repeats itself, this seems to be true for the current movement we are watching in cryptomarkets First ETH was moving but BTC was lagging now BTC is moving but ETH is lagging, i posted a long chart while back with the targets of 267, it looks hard to reach there now,...
1. inverse Head&shoulder breakout 2. Triangle breakout & retested
Inverse Head & shoulder on 1hr timeframe Long it!
Looking at the charts we are trading inside a descending triangle, after the dump, we had this could also be a continuation to lower levels but i see a relief rally coming soon in markets. a final pump before another major crash. one more thing noting here is this possible H&S in the making, there is a low chance of this working out as we are at the BOTTOM not...
H&S idea is still valid, there a gap also on CME that lines up perfectly with our right shoulder, i was short from 9268 but have taken profit here at 100$ move now looking to resort at 9350 targeting 8900 or even lower also we are printing bearish divergence on hourly still need to see it on 4h i am also keeping an eye on this cypher that we might be forming
I see good confluence here on the chart with Fibonacci & ascending triangle support trendline, daily also possible bullish diversion printing, we might not get to 11k but even 1000$ move to 9700 is good for leverage trades. Laddering longs till 0.75 (using only 5% of balance)
first one was on smaller tf & it broke early, keeping an eye on this one for scalping opportunity
i am still long from 8700 want to hedge a short here around 8900 but BEST SHORT will be from 9200 if i see good rejection will short big there waiting for this triangle to break either up or down, choose your side! let me know in the comment where will this break?
i am gonna use a small balance my #IOST trade was awesome but was stopped on FAKE DOWN, gonna leave lose stop loss for this one possible Triangle broken out with good volume, retest holds then long it!!!
broken from descending triangle, taking a small risk here :D this will be my LONG TERM target MOOOOOOOON IT!!!!
Inverse head& shoulder with bearish BAT Bearish bat
lol yes asking :P i am still long want to add more to my position
Never tried, Never failed, no matter, try again, fail again, fail better! Lol risking again boys wish me luck
#BTC forming three drive pattern will update with trades in timeline currently i am risking a long