I see the correction that is happening, to me price has just not settled deep enough.
We will see what is happening.
I have a demo/paper trade showing, illustration purposes.
Manage risk and read the charts.
After it's 70% drawdown (isn't crypto fun?), Price looks like it will break this trendline.
-price slammed into the trendline but has bot been rejected as I would expect is it was going south.
I won't trade this but I am posting the idea.
Manage Risk! 2:1 RR
We caught a great trade from March going long (Profit/Loss Box Remains)
I just don't see the economic situation getting better anytime soon for Turkey.
I am actually living in Turkey currently, it's a lovely country with wonderful people, food and and and....
I see the break north, on a technical level the "Rising Wedge" pattern illustrated.
Just listening to the candles on this one, price is struggling to make new highs, now several daily candles are confirming weakness, this is still insane QE, the wheels should fall off at some point.. see the setup take the setup. it's how this game works,
If you reflect to my OIL/WTI short last week
2 x trades posted here:
1st attempt - Loss -1%
2nd attempt -...
Start of an uptrend? legalization is rolling out across a massive market, America.
Price has popped and now retraced back to the 61.8% Fib level - significant.
It's a marijuana ETF, broad exposure across a huge sector.
last weeks Doji.
Yup, I see downside.
This is a daily chart, the Monthly chart is not boosting my confidence in longs.
It's a tight trade...
Let's see what happens.
1% Risk, 2:1RR
Most Importantly with this trade, I started the tag "CryptoBros" yeah, I'm that good.
Oil has been beating on me a little these days.
I see another setup worth my 1% risk.
I have highlighted the area of resistance, double top potentially forming?
I can tuck my stop above that $65 level, and get a 2:1 in before that 200EMA.
I am short this level.
2:1 RR 1% Risked
I see price has had a great run up, this is the 4H chart but the daily is speaking to me. Price has confirmed by a small pullback and now showing rejection at the 50-61.8% Fib levels, price showing an engulfing pattern at those levels.
Soybeans is a touchy commodity, I would think.. like all commodities right now, more upside.. but certainly room for a relaxation...
I see the break of this level, north and onward.
That weekly Hammer just speaks to me, all soft and gentle like.
Gold has been Real money for 5000+ years, a few years of Crypto will not change that.
She is still a shiny Gal.
This one is a 4:1 idea here. I just don't see the upside.
Price strongly dropped and with basically EVERYONE on the planet long stocks...a perfect time for a dump.
I see price making a bearish Flag even on the 4 hour (a touch early to tell)
Let's see where this goes!