If Btc cross my double blue line, i'm ready to go long again. For now is dangerous.
I would like to be called "Sir of the channel" :) Obviously i'm joking, but is great find a good strategy with channels in trading. I trade with high timeframe, so look for a good pattern is better than day-trading.
Last week ended with a Lower shadow candle. To take on meaning it must form after a very strong down-trend, as we have. The further attempt of a bearish extension found a return of buyers who raised the price: in this case we could identify a support level near the lows of the candle. This pattern generates a bullish expectation also for the following week. In...
If, and i repeat if, we break the weekly moving average, what's your plan? Buy more? Sell at loss? Wait? Remember: don't act, react.
In my opinion start to accumulate in this range is a good bet for the long term.
I'm looking for another good entry point on Sp500 but this mini crash is not what I'm looking for. In the coming weeks we just pay attention at a possible -10% that bring the index to the weekly moving average. React is better than act impulsively. I'm not saying it will happen, just to pay attention.
Eur is very weak, i'm thinking we could reach 1.10 if BCE will not follow the same measure of FED. Your opinion?
This is a really trade, don't trust that every trade can make you 200pips. > 1 (yellow): Entry level > 2 (blue): panic level (omg i'm losing money) > wait, patience, don't close the trade just for 5 pips in loss, keep a little margin > 3 (green): you are in profit, it's your choise close or wait for a major gains > 4 (red): ok, sometimes you have to close at...
In my opinion the total network of partecipants have to buy above this area to keep bull run alive. Below 30k we could reach a local low-low before the storm. Another consideration is "which event could boost this bull run?" Maybe Russia or Turkey that adopt/legalize Bitcoin? Tesla resume Bitcoin payments? McDonalds do something around crypto space? Any other...
Spx always repeat its pattern in these case, maybe we will se again a pattern like this before a next rising?
I think if we will rise until 100k, we will see a great wall. Many people claim 100k, but Bitcoin's potential is much more. I hope 100k won't be a great claim to sell it. Will you sell it at 100k?
I've said many times i'm long on sp500 from many years, and i'll always long on us market, so don't enter too early long. Just look at the past, only a few times the index bounced quickly. It is better wait 1-2 week imo yet.
I invested in Atvi in late 2017, unfortunately Microsoft has bought it and so, i preferred to sell instead to wait and hope for a major price. It has been a turbulent journey, but I have gained.
I show you weeks ago the similar pattern 2011-13 vs now. At this time we could have a different situation and the current pattern seems to be cup and handle, which mean a possible grow of the asset. We'll see.
Is this a mega shake out before the storm? I didn't see a similar thing from many months.
Following my previous analysis, i found this mini pattern that could be potenzial usefull to understand markets in the coming weeks. If we will see the same drop (just another 10-20% probably?) and then a super pullback, maybe we could see a huge rise on price. Your thoughts? ps: my analysis will be always linked so you can see what i posted weeks/months ago...
Do you remember my previous analysis with this channel? Now could be broken, open eyes.