foolsbookie

foolsbookie Updated 

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...

foolsbookie Updated 

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...

foolsbookie Updated 

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,...

foolsbookie Updated 

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: Entry: 7750 Taret: 7525 Stop-loss: 7900 R:R: 2.5 Its a trade against the trend, but I think worthwhile. Besides, I...

foolsbookie Updated 

Entry price: 7125 Target: 6800 Buy-stop: 7325 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.

foolsbookie Updated 

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. Manage your own risk, if you can't don't trade. Entry: 6930 Target: 7800 Stop-loss: 6600 R:R - 3 (So,...

foolsbookie Updated 

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 Short: Entry: 117 Target: 95-103 Stop-loss: 128 Long: Entry: 142 Target: 166 Stop-loss: 128 Please take this trade only after the...

foolsbookie Updated 

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...

foolsbookie Updated 

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....

foolsbookie Updated 

As soon as I get 4H close above 234 twice, I will be taking this long from 234 to 256 as TP1 and 320 as TP2. Wait for the 4H close before starting this trade :-) Manage your risk

foolsbookie

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...

foolsbookie Updated 

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...

foolsbookie Updated 

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. I...

foolsbookie Updated 

Ethereum short is more favourable now. But wait for price to spike unto the 262-267 mark. Invalidation above 290 Not a financial advicce

foolsbookie Updated 

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...

foolsbookie Updated 

I see ether falling to (or even below) 185 support before a renounce. So, a short from 187 to 185 is a good trade for today. This ain't financial advise, and do manage your risk please.

foolsbookie Updated 

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

foolsbookie Updated 

Ethereum is finding good support at 162-165, and is trying to break out from the 172 price on the 1H. Preparing for both situations with two trades with Buy-stop above 171.5 to sell at 176