Going for a quick long scalp and entered at 2800. I plan to exit 70% of my position around 2990 and will hold the rest till around 3100 with a tight traling stop loss.
From a long-term perspective, I'm pretty confident we'll be stuck in a bear market for some time to come.
Tron has respected this trend for some time. If the 'green zone' trend is broken, I see it dropping to at least the next support zone around 0.0176 however, if the trend is retained my rough TPs are below;
TP 1 - 0.01825
TP 2 - 0.01860
TP 3 - 0.01895
TP 4 - 0.01915
Following large bullish sentiment, it seems BTC is ready for it's A, B, C correction. It's always good to remember that corrections are healthy so don't be alarmed just yet.
There have been some semi-valid ideas shared that suggests BTC is undergoing a Supercycle correction and that this run was a large wave B correction and that BTC could hit 1k-2k levels. The...
XRP has broken out of it's long term Falling Wedge. The Bollinger Bands are also getting extremely tight. Hoping for a big move over the next week. Target points have been added to the chart and have been identified through a Fib retracement.
TP 1 - 0.38215
TP 2 - 0.46200
TP 3 - 0.52654
TP 4 - 0.59108
TP 5 - 0.68296
TP 6 - 0.80
Please don't hesitate to provide...
Information obtained from Investopedia:
What Is A Head And Shoulders Pattern?
A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend...
Hey guys, first chart so go easy ;). This is just an idea but maybe we might see a double top at around 0.0012843? maybe a little higher?
It's already quite high so it's risky but for those who are in, I hope it works out for you/me :)
Any suggestions/help and constructive criticism would be greatly appreciated.