Looking at bad omens for BTC. Head and shoulder, a similar span of bull run time as the previous cycle, in conjunction with the broken trendline. Although last week's candle closes respected the trendline perfectly we cannot ignore the fact that the current candle trading below support could be detrimental for this year's bull cycle. A hard pill to swallow. There...
We are nearing a critical zone looking rather bleak. With a major teezer pop candle formed on the monthly timeframe at the end of a significant harmonics pattern, we could be seeing the beginning of the end of our 2020-21 bull cycle.
Quick update and summary. We hit both targets on the short term short and the long term take profit! Now we are reassessing the most lucrative entry points. We are being presented with another shorting opportunity as we brush against the resistance zone of $278. Remember, use proper risk, consider martingale on this setup, and WAIT FOR CONFIRMATIONS!!!! I rather...
We are breaking out relative resistance!!! Before we buy we need confirmations at least on the 4H ideally the daily time frame. In this video we are talking about BTC obviously but also reviewing basic candle pattern analysis and more specifically confirmation cues for entering. I am trying to provide upmost value to my community because my gratitude is without...
We are testing a structural zone aligning with a trendline and the 61% golden fib! Keep in mind we are waiting for appropriate confirmation prior to forcing a trade blindly. Use proper risk and set up a safe yet comfortable stop loss as well if you do get confirmation and enter. GOOD LUCK TRADERS!
After a much-needed retracement, we are setting up for a descent long is structure holds as support! Patience is a virtue and that's why I suggest waiting or even missing traders versus forcing them. If you forced the long from the last time I spoke of raven you would be in a bad position at the moment. trading == patience. GOOD LUCK TRADERS!
We are modifying our entry, talking martingale entries and. modifying our profit targets. Remember, use confirmation prior to entering. However, as mentioned in the video confirmations and strategy are great but that does not mean you are going to win 100% awlasy. So keep that in mind, especially when markets crash as we experienced in May. GOOD LUCK TRADERS!
We are looking at going long at the 14 cent range if we get confirmation or risk falling to the next support zone of the 88% if confirmation fails. Target 1 & 2 are around 650% and 1200% potential.
We are reevaluating ENjing now that we are selling dust from the crash on the 21st of May. We are looking at potentially entering at the $1.40 region with confirmation on the daily/weekly and once our 4H conditions are satisfied. GOOD LUCK TRADERS!
We hit out entry limit from several weeks ago finally as a result of the crash. Assuming you entered as well you should be in profit loking at moving trades to break even or even using trailing stops as well. Quick educational piece on taking profit and protocols to eliminate emotions.
Thanks again JBS for the suggestion. After a huge rally, we experienced a healthy retracement with a valid bounce on support which is in confluence with our fib. Although we have confirmed on the daily and the 4H context is bullish, we must wait for an entry point with a slight retracement.
A quick educational piece on taking profit for beginners. We are currently respecting the previous structure as support without a confirmation. At the moment, we are required to wait a bit longer prior to making the decision to enter the markets. more data is required
Quick EDU piece on retracements and extensions. in addition, we are talking about a possible set being validated for entry at the moment.
We have a solid set up being printed at the moment. currently we are waiting for confirmation prior to entering based on daily & 4 HR. Keep the areas mentioned in mind as potential resistance and move trades to break even as soon as possible.
POtential rejection to the .85 range down to the 61% Fib zone indicated on the chart. We will be looking for a confirmation on the pullback otherwise we will wait for the price to touch the 88% fib indicated on the chart. Another scenario is a breakout and confirmation of the 38% fib zone. Short-term scalpers, you have a short opportunity to the target entry as...
We are testing the 61% with the possibility to drop to the 88% fib zone. If we hold the support we could see a rally to the $33 zone before seeing potential resistance once more. However, if we can break beyond those resistance barriers we might have the momentum to go towards TP 1 & 2 which are potentially 400% - 900% ROI respectively.
I forgot i did this last week. hahaha. So here is another one!
We hit TP 2 already and looking for an optimal reentry.