About meFilip Adam Niwecki Adler graduated in Applied Financial Trading at the prestigious LAT in London, his personal brand of trading education has been named in 2018, "The Best Trading Academy in Italy 2018"
Currently, BTC/USD is touching 8000, this gives us clear evidence that the price broke out of the resistance zones, on the chart I illustrated for you the key levels we will encounter in this upside movement.
Please also notice how the volatility has increased, I think the price will have another consolidation after this growth.
Below you can find my TSLS...
The price is currently pulling back to the current resistance level (earlier support), after this formation, the ADX should give us a reversal signal and we will be selling with TP at a lower key level and SL at earlier pattern resistance
After a possible Head and shoulders pattern, it's plausible that the pair will enter a strong downtrend, I placed a sell stop under the pattern neckline and used different levels (based on previous supports) to place the Take Profit, meanwhile, the Stop Loss is placed just over the head of the pattern. We can also notice that the price will probably brake also...
Please notice how the price broke the previous levels, now we are pointing at 1.10, as we can notice the continuation pattern and the raising RSI indicate a continuation of the downtrend.
SL placed over the continuation triangle pattern
As we can see the chart, the price of the Ripple coin has drastically decreased in the past months, but currently, we're getting close to a key moment in which we will see if the coin will grow in value or decrease again. The RSI is in an uptrend while the ADX is always more compressed, this could indicate a skyrocket or rock-bottom move.
After a powerful uptrend peak, the EURUSD is dropping heavily, I opened a short position under the last support level which has become a resistance now. The SL is placing at a key level, meanwhile, the tp was placed using 2.2 RR ratio