ETC rebounce to moon with ether or should we head a bit further down ? In any case bitcoin isn't deceiving so far in the trip to the moon :) Let's see what's next :) French elections, yeah whatever's going on politically, cryptocurrencies seems to be at another level where only technological news matter, it's up to you ingeneers. Trade good, trade safe, trade...
At the very top of a descending canal. I'm long since way before 7.00, if no breakout by then I will cut it and try a small short.
My only guess given the attraction for cryptocurrencies, is an upward breakout, but who knows if there'll be further retracement so waiting has it's importance although I'm already positioned. Around 0.618 profits have been taken, so I guess we can continue the journey to the moon ! Cheers, and don't forget to hold bitcoins ;)
Hitting that former resistance and being down the range, a long isn't far fetched, the hardest being to keep it as a swing :/
Maybe last short before BTC and other legit cryptos to the moon ?
Still experimenting XABCD, Fib, and all the basic rest. Stop loss at 18.60, few capital at risk. No target settle, to each is own feeling I guess. Cheers :) PS : Long would be a good strategy for very long term, what ya'll think ?
Both a short term and long term position have been cast. I'm still trying to incorporate the fib circles to the charts, but beyond that, even more basic chartism seems to indicate this too.
As usual, beware downward breakout, especially considering the news and the ethereum stelaing the hype lol, but bitcoin will always remain bitcoin, should have a place in a trading portfolio. The double bottom is pretty nice, I think it just want to confirm the 1000 cap, as for the target, once again how long can you wait before closing position, if you can wait...
Several interesting elements here : - Nice oblique resistance - Hitting a former resistance - 0.786 fib retracement Target : as high as you can hold the position without fearing it to go downward, patience being bitter and its fruit sweet, shall we say. Taking long on bitfinex, this does not constitute an investment advice, beware of cryptocurrencies' high...
At the bottom of a clean ascending canal, one can only be tempted to go long, especially considering that 0.618 were reached, which indicates profits were taken. The presence of a Shoulder-Head-Shoulder, might result on a severe breakout though. The strategy would be to go long and stop loss at breakout, and possibly go short. Good fortune :)
I'm still new to drawing those kind of patterns, so correct me if I'm wrong, thanks in advance :) But yeah that could be a scenario.
With the recent important news of Bitcoin touching gold, that might quite be a relevant long scenario at term. Watching for upward breakout.
BTC is lil weird to trade right with the ETF news. But here's the plan : a short before breaking the bull flag. I wanted to make this shorting 2 hours ago, anyway, now I'll wait for the long entry :) If you venture into the shorting, no need to remind you to watch out for upward breakout, in which case, long all the way ! Good trading lads.
Strong probabilities to head down I guess, at least for the sake of profit retracement. Entry point for me at least.
Shorting on ascending triangle and possible canal breakout afterwards.
~ Hourly diamond formation on the german DAX. The daily trend is upwards, climbing to the top of a canal. I will wait for the breakout though as any good trader would, and would indicatively state 11960 as a target if bull breakout, and 11540 if bearish breakout. Cheers ;)
Positioned short, watching out a possible breakout.