Hello everyone. It has been a while since I last posted a chart. Since January I was hoping to see a better recovery for btc. Perhaps a 6k range would have been nice to give some relief to the market but now btc is trapped again in the daily. The weekly opened up strong but if the daily fails to recover it will definitely drag the price down on...
I would like to share my thoughts about this pair today due to now the price movement has or is creating a pattern known as "broadening bottom" If you can read a little bit about it just do so and see it my idea makes sense to you.
I am still thinking we would complete the pattern in a lower price but the interesting rounded bottom inside the...
This trade in the riskier side that is why I have a very tight stop loss.
The daily failed and had a hard rejection and I am looking to short this pair.
Trade with caution.
Your money your choices.
This idea is based on Ichimoku cloud set up.
Allocate your fund accordingly. There is a chance the price will end up testing the MA (blue line again at 1.516)
Trade with caution and be patient.
Your money your choices.
I have tried this pair before and I got stopped a couple of times and others the trades went as planned. Due to the weekly conditions, I am hoping to catch a good entry this time. I wouldnt short just yet till some more data is created.
This is a long time trade for me as usual.
Stop loss should be set according to your...
BTC has for the most part stayed under the 4k but slowly gaining volume. I am still weary of it going to 3550$ but some risk are just worth taking. This isnt a long term trade, my monthly chart still valid in a short entry.
You know the drill, your money your choices.
Be mindful if you dont have experience margin trading, dont try it. It is better to do...
As many of you know, I havent been charting as often because nothing new really has happened with btc. We are still falling. I am not looking at a longer term due to MA resistances in the monthly that has kept suppressing BTC price and I know we will see more lower prices. The question always remains, how low?
At this point I am still targeting...
Although I already entered my shorts, I think a possible pull back and a new entry opportunity around 111.xxx entry price. Weekly trend is under heavy fire and the rsi indicates a drop. Take caution when setting stop loss, wicks will take you out of the game like it has happened to me before.
This trade is testing the trendline once again but this time with a heavy bearish signal. Although this is a daily chart we are looking for a weekly trade. Entry would be after trend is broken. ALWAYS WAIT FOR CONFIRMATION.
Trade under your own risk.