Seeing a pretty good gainer on this one. Not sure about hitting the take profit 2 in light of Bitcoin's price action, but TP1 should be within reason.
The eth pair got me in a bit earlier. The R/R is there if you are attempting to seek TP2 (R/R is 5+)
Well after getting whipsawed out of my short during that 6,500 -> 6,100 then back to 6,500 ... I have no reason to be short right now.
In fact we have broken upwards and are looking for 7,000 short term.
But a relative high of 7,500 is nothing, and when that gets hit prices will surge more.
Forgot to hit publish on this one. Should be over 3.0 R/R with the main target at T2.
Not looking too well for the aussie dollar. Looked like a relief rally before potentially another bear rally.
Pretty good risk rewards, stop is at the confluence of resistance.
Ignore the cloud, forgot to disable it.
Bitcoin, Ethereum and all other altcoins are in an ultra bearish sentiment so it feels insane for me to post this trade. But I want to do it for myself to see how it performs into the future.
In this trade, I am assuming that a new market cycle is playing out. I intend to have a long entry at the golden cross and a stop loss at the low 2.
Prices have a tendency...
It's like calling tops all the way up to $20,000, you will look stupid
Find zones to trade the bounces
The bars aligned right are the volume levels per price.
High trading volume is within the 7k-7.75k range which can be a high probability zone for a bounce.
I've noticed that XRP had its first market cycle at like 30 or so cents. 33 weeks later, we hit all time highs again.
Let's not forget, we need to go up more than 100% to reach all time highs on Bitcoin again. The sell orders are too stacked to remotely see all time highs next month.
I would not try to predict bottoms either, wait for signs of trend reversals.
RIP Lord Ashdrake!
Mega resistance now that Bitcoin broke down from what looked to be a cup and handle.
We're now going to retest that breakdown point as resistence. I will enter a short because it is a superb R/R
I'm not a fan of double bottoms, in the case of bitcoin it signals further capitulation if anything went below 10K.
3 R/R if we smash just a "double...
Buy near to entry, risk appropriately.
Looks like a good gainer, white lines are resistence lines. Technical target is 9285 SATOSHI ~$1.30 ... but if we even get there is another question.
Happy trading, traders!