About meI have been trading for 12 years and now trade cryptocurrency full time. I am the host of the #1 crypto podcast the "Trader Cobb Crypto Show" and run an education company to teach my trading strategies. Visit www.tradercobb.com to find out more
If you have no idea how to short or trade then look away now. If you do know what to do then get ready because if this level breaks we will have opportunities. I will be looking for "Bitcoin Breakout" " Crypto Cradel" and "Fibonacci Booster" strategies if it goes.
As the market falls hard it will leave many questioning their investments and the future of the market. For me and my subscribers and course members we are looking for short trades via the "Fibonacci Boost" strategy. I am also currently happy with a hedge from way back. If you know what you're doing then get stuck into these trends, if not then best you get...
With bitcoin acting a little boring it may be a weekend of sitting out. I will scan the BTC pairs and see if anything is around but as for bitcoin, unless it can break the range I discuss in this video I will be sitting out
An 8 hour small bullish candle closing in the cradle zone here would have me interested to trade long. Plenty of good trends right now on my BTC pair watch list. The candle needs to close small and bullish then break the high before I would consider being long.
I have been waiting a long time for this move back into the sell cradle zone on bitcoin. There are a number of other markets right now that have short trades on offer but I will be waiting to see how today closes on bitcoin before I look for short trades. Cryptotrading is about waiting for the right moment to pounce, that may be upon us.
With a nice break level present HSRBTC may produce a move. A break up through this resistance will see a new higher high on the 4 hour as well as the daily. This is a trade that has a higher degree of risk but also a high potential reward.
After conducting my top-100 scan today it looks to me a highly probable outcome would be for the market to set a higher low and higher high on the 4 hour time frame which would give a better pull-back on the daily time frame. I believe we will see the market move higher then perhaps see some selling opportunities follow. I have been wrong before and I will be...
With a round number, cradle zone and 61.8% Fibonacci level all around $8,000 can bitcoin pull back on the daily to that level and set up a small bearish candle for a short trade? If it happens I will be likely shorting it again.
A break down of the red candle in the cradle could be a nice little short here. Need to wait for candle to close but with a fib level backing it up there is a number of reasons to see this fall further.
Well that hedge on BCHUSD yesterday sure makes me feel a lot safer now. With trends starting to break to the down side we have a great chance for some good short trades. Having a hedge is a great feeling in today's market.