Just something to think about.
DO NOT TRADE THIS CHART . It seems like the handle has formed but still trending upwards. I was wanting to get a word of advice from more experienced traders that have seen this formation or trades BTC. Is the formation still valid lets say it broke support and we are likely to see a 16 % decline ? Do share your ideas please , it will greatly enhance my knowledge.
BULLISH DIVERGENCE IS INDEED DEVELOPING , SHALL WAIT AND SEE :) . As seen on the chart we are in a downwards channel. (POSSIBLE OPPORTUNITY TO SHORT HERE ?) There is a lot of uncertainty and I prefer to not have any positions ATM. If it is indeed a bullish divergence , prices should bounce back up after reaching the blue box region. IF YOU THINK IT MIGHT GO...
Took profit from BTC :) Going to throw it into LTC now. For me personally without much worries , I am anticipating the W formation if traders want to take a lesser risk , traders should wait for a confirmed break out from the W formation. If an upward beak out from the W formation is confirmed then I can adjust to a higher target region :)
Dear traders , I am anticipating an ascending triangle formation. If you have seen my previous posts anticipating formations may turn out right or wrong so take note that we should wait for the formation to be completed first. This is my personal trading style as well , by anticipating formations I can possibly add more to my positions as prices are likely to be...
Dear traders , I am anticipating an ascending triangle formation. If you have seen my previous posts anticipating formations may turn out right or wrong so take note that we should wait for the formation to be completed first. This is my personal trading style as well , by anticipating formations I can possibly add more to my positions as prices are likely to be...
The formation should be a flag. Prices bounded by two parallel trend lines. Volume usually trends downward throughout the formation. Downward break out has happened. Second green line represents longer term support level.
Previous idea was an ascending triangle it turns out to be a flag formation which are trading between two trend lines that are parallel. Now the flag formation have seen an downward break out. Seeing the symmetrical triangle formation traders should wait for a break out before entering any positions. Symmetrical triangle information : Upward Breakouts Average...