Hey - you were extreme bull two weeks ago - don't forget that. Every healthy market needs correction - you know that. From hundreds of price predictions and signals, you see all over it's hard to stay emotionless ... we know that. Make sure you FINALLY have your strategy in place and stop trading emotionally ! Were at significant support - if you like to overtrade...
Firstly - none of the information posted by me should be treated as financial advice - it can only be taken as an observation of an individual who tries to understand market mechanics for a good few years now. On a daily basis, I work in the engineering sector which requires a high level of specialization - trading is not my primary, but only an additional source...
I always say that - but people often look at too short time frames - and that needs repeating over and over again. What many see on 4H charts has nothing to do with long term 1W setups which to be honest are my favorite. Double bottom here on BTC will make this trade my #BTC harvester... since I simply am not going to sell at first green box target... Good luck...
I always say that - but people often look at too short time frames - and that needs repeating over and over again. What many see on 4H charts has nothing to do with long term 1W setups which to be honest are my favorite. Double bottom here on ETH will make this trade my ETH harvester... since I simply am not going to sell at first green box target... Good luck...
Realistically and statistically there is a pretty obvious chance for a long upward movement. Maybe following week will witness small retracement but overall it's hard to oppose increasing bullish sentiment. Grandpa BTC is back at 10k ... if it will stay at these levels and continue going upwards, many will sell their assets waaaaaaay to early. If you were hoping...
As much as I would like to be bullish, historically 200SMA acted as a pretty strong resistance. If broken and confirmed above. I will be bullish again, for now in doubt - carefull with tight SL's.
TARGET IN GREEN BOX. Stop below lowest low until now.
Realistically - from this moment on we go to the moon :D That is obviously not a financial advice :) On the serious note - we are witnessing here long term bearish breakout with confirmation
Next possible move to the upside... SL below lowest low of this formation.
Waiting for final correction of the C wave...
We all assume. I like to bet on horses with amazing reputation. There's gold, there's silver, there's copper... choose your digital privacy wisely.
I wasn't bearish on Bitcoin until I noticed how similarly tops of both look... Tell me I'm wrong.
Unlike many "professional" traders - I (as an intermediate trader - with strategy and money management system in place) can point out the fact, that capitulation occurs when even HODLERS loose hope. We are in a bear market - we all witness lots of doubt and confusion. If you look at the monthly volume you see we are far from the bottom - a lot of people still hope...
LET'S SEE HOW THIS ONE GOES...
There's no support until we get down to the area of $15. I advise caution here with stop losses around $40.