I am looking to long Bitcoins Fib .618 level at $34.1K.
My Take Profit will be placed at our Weekly Open ($38.2K). The trade will be invalidated if we drop below $33.3K.
What is your current thought on Bitcoin? Let me know in the comments.
Ripples chart is looking good right now. Sitting in an ascending triangle. I would, however, wait for a confirmation of the breakout at $0.307. This setup is obviously invalidated if A) the triangle breaks or B) we see a fake-out.
I have been trading LINK for a while now and it's one of my favorite Coins, fundamentally and technically. My current levels of interest, in which I will be accumulating more LINK, are $11 - $12.
What are your thoughts? Do you hold / trade LINK as well? Let me know in the comments.
AAPL looks great! Currently sitting in an ascending triangle with a key resistance level at ~$137.60. AAPL tried to break that resistance twice and might be able to finally break it on the third attempt. Best to hold on for now and long the breakout or wait for confirmation and long the retest.
BRLUSD is sitting in a really iffy spot right now and we may see new ATL's soon. If "Support 1" is not holding it is a clear short position for me with a first target at $.1730. If the red box is not finding support BRLUSD will see new ATL levels - what I would be aiming for with this trade.
This is a possible Bitcoin short scenario. Bitcoin is struggling to break the key resistance level at $41.5K to reach new ATH's. If the resistance level is broken, this setup will be invalidated. If this setup plays out we should be able to find support at the monthly support level at $29K which would result in a ~30% dump. This is a a healthy correction for...