Trading EWZ with options.
Calenders and Verticals in specific.
looking for a retrace so im open ended on the position to the down side.
Im long term Bullish.
Short term Bearish.
Also note, if retracement actually matures, it will leave a bearish formation producing resistance levels.
The market will have to fight back a little harder to bring back the current...
My quick analysis. Played last earning and kept the position for some theta.
USCR just broke and nose dove through support channel.
Now looking to find support below.
Earning is in month so we have time.
I'm looking to get in early with some options.
Feel free to comment.
----Check out my previous post on BCHBTC 1day time frame.-----
Looking for entry points on the 3 hour time frame.
The top of the ascending triangle is more defined and the probabilities are favorable.
Looking for entries toward the bottom half of the channel.
If it reaches the sell zone above before it completes the consolidation period, we will sell and buy...
Yes, the chart looks horrible,... for no reason.
BCHBTC pair has been tanking as of late.
I do trade the pair: for the order flow reminds me of trading bond futures. It's nice.
With Bitcoin Cash BCH technology being better than Bitcoin core BTC.
I think its a great opportunity to start building a position for a longer term hold, or hodl.
Bitcoin cash is...
Just writing this up because I'm going in with both fist buying LTC. It now good to buy with BTC or USD.
After trading for BTC using BCHBTC, I've put 75% into LTC on this fire sale.
LTC now has a great risk reward ratio..
can't help myself.
My analysis on BTC is still valid where im looking for a double bottom to form at 7-8K
Trade on and good luck.
So yesterday was a somewhat non event. A day of full consolidation and swings from profit takers and those getting into the space. The volume was not concerning and it can only go up from here.
From what I observe before going to bed, were a few coins that resisted the broad sell off we saw later in the day. The sell off was not huge but enough to reposition and...
So i sold and bought back due to the low momentum. The areas are highlighted with the red then green circle. Im trying to capture a short term bounce for now with cash. Once LTC/USD stabilizes, I will go back to trade LTC/BTC.
LTC might not be done consolidating. There could be one more down leg.
Do to the increase in volume, I bought back.
There was that...
So LTC is on a tear. Trading is fast and trend is up, solidly. LTC could reach $302 in the near future. SInce i've been trading the pair, this is a new target. Seems like you got to say. "where do i think this will go? If it seems impossible, place your order there. This is crypos not stock. What is impossible in stock is normal for crypto.
fell free to comment....
So I'm looking to get back some LTC with the new BTC purchased isn yesterday's fire sale. There is still time for BTC to go below 8000 but i'm playing the BTC bounce to fund more LTCs.
Here is my idea of price action and support. LTCBTC price has broken a couple support structure areas so we are short term bearish after this bounce.
So BTC is trending,... down. Is it bad? No. Is it expected? Yes. Should we hodl? It's probably not the best strategy a professional trader would do.
So, in the chart, we see the daily price action since the massive breakout and retracing. How far will it go? We can only speculate like everyone else has.
Follow the herd up and follow the herd down. That is what...