This - 7200 breakout - has not been retested since the breakout.
Any demand at 8700 or support is simply a bull trap for retailers, and is coming on weekends.
This pattern suggests that scammy exchanges pump it to wick buy stops.
It looks like a slow grind downwards but price is coming there with
Stop Loss - 9363
1.first stop at 8500, R:R - 2.31
2 second stop...
The trade is alongside with this image. Since the breakdown on Thursday, it has failed to overcome 9500-9600 as support, and it has reacted 9400 on negligible volume, which means there is no buying here, easy for the bears to pull trigger now once the week starts and big money - institution money comes is. :-)
R:R - 1.6. little lower than I would, but I intend...
My bias was bullish till 10000 and now in the last two weeks, BTC's failure to make a higher high on the daily or 3D or weekly with declining volume has reduced my bullish bias a tad bit. While I currently sit flat, I am observing the weekly with a huge interest. The accompanying weekly chart shows we are the apex of the triangle from June 2019 highs and March,...
Although in general I would ignore weekend PA, but any failure for BTC to close above 7800 today, it would result in a double top. This allows me a rule to attempt a short. I expect price to try and attempt 7800 again today, so here are the specs:
Its a trade against the trend, but I think worthwhile. Besides, I...
Entry price: 7125
R:R - 2.34
This trade will cost me a max of 0.5R if I am stopped out. Two consecutive daily close above 7200, and I close this trade
I am taking the trade because I like the odds, and BTCs inability to get a daily close above 2020 opening price once again.
Trade at your own risk and this is not a financial advice.
This trade is a good R:R trade. With good support around 20D EMA,i.e. 6600, and bears struggling to push price below it for a daily close. I believe, BTC is ready to go up and overcome 7200-7500 supply zone. This idea is based on m trade idea from 10 days ago....
Going into this weekend I am more bullish on BTC than two days ago.
If we get a daily close below 6600, I will be out of my trades, and open shorts at 6550. But, until a daily close ain't below 6600, I will sleep more peacefully with Longs
Its going to be a tight range, and only proper risk management might make you profitable in this range 6600-7300, that may...
I expect ETH to break out of the wedge in this week - weekend included. My setup would only be at the breakout of this triangle, and my stop-loss would be the 128 either way. My R:R would be 2.57 on the along and 2.28 on the short
Please take this trade only after the...
Now, that the correction is deeper than we wanted, and price is continuously making a lower low on the 4H, its evident we are going down.
209 won't be a an ideal short. I expect price to bounce to 216-224 region before its continuation downwards, the only price range I will short from. The much coveted 180 by the bears, might come finally :-)
Manage your risk....
Last trade was awesome happened as predicted on one of the two outcomes
Now, I believe Ethereum has established (or is currently establishing) a range on the hourly between 210-230. Trading a range is a recipe for losing capital because one develops a FOMO for missing out the break of the range, and hence, is 80% focussed on that while he forgets to focus on the...
Expecting the 4H triangle to give way today or tomorrow. Latest by this weekend. It looks like it will break upwards. Either side, the R:R is very good. So, we need to sit down and wait for it to make a decision. Best. Play is to enter with buy-stop and stop-loss in either direction. With volume declining along with big candles in red, it presents more evidence...
Ether looks like the asset to trade right now with all its volatility.
There are two trades in this, one is a short-term trade. Possible before the end of February - the one on the left with a target of 304.
However, for big profits, and wider stop-loss, the target should be 350 with a stop-loss at 230. I don't think we see Ether below 240 for a while.
Ethereum looks on a stronger trend, and is just below resistance at 230. Tapped it twice yesterday and made higher lows on the retrace. Seems like 222-225 is the consolidation zone. Average entry from 227.
SFP will be at 269, but don't want to be. front-run so will get out at 262-265 zone. Should be there before February end.
Two consecutive 4H close below 217...
Ethereum was rejected twice between 178-179. Expect it to make another move towards 178 tomorrow or before the weekend. Left my. bids in 174.8-175 region with a tight Stop-loss and R:R 3.51 if 178 is achieved
Good luck homies. This ain't a financial advice