I found different versions to calculate target (long) for cup and handle pattern: depth of a cup from the breakout or depth of a cup from the lowest point of the handle. Purple arrows in both cases land on a fibonacci level, which gives me a good feeling that these calculations might be close to what we will get. Green MFI on a daily shows that we are relatively...
Long scalp if close above red line (green arrow). Short at next red line (red arrow), probably won't pass it. Stop loss slightly above. Paper trading.
Last night I opened a long position at 3666, because I believe in numbers (also per my TA). When I woke up, I chickened out....yes, unfortunately I do that (noob). My careful analysis said, there was another opportunity to open long at 3674-3676. From here, I expect a heavy resistance at around 3804, where we might retrace to 3688 (sometime between today and...
Dear Santa, I want $4650 before December 6th....I've been a good girl this year :D
There are different ways to looks at it. Yes, it went down on high volume and broke "the channel" (depending how you draw it). But I would be very cautious to go short here, BTC is known to bart up...Atm to me it looks like it's curling up...It is still a "chopper" in my view...if anything, I would go long if it closes above that black line (at a retest). NOT a...
Sometimes it's better to wait and see, until it becomes clear...
Not a trading advice. Looks like we had something similar before - "current situation". But we are still in a downtrend IMHO, so caution...
When in doubt, do not trade. Bullish div on RSI put my previous draft in doubt (still my fav though - yellow line). If MacD crosses here, I'd consider red or blue version. The next 2 4 hrs candles should tell us, which one will play. Not a financial advice.
Not a financial advice. Looks like a blackfriday sale. But if you noticed, normally the best sale comes after that...
Analyzing previous BTC -1.20% bubbles and using Wolfe wave strategy, I believe THE bottom will be around 2.5 end of January - beginning of February 2019. Timing is of course not certain, cause from experience we can go sideways for days.
I just realized, that 6.5 top touched the border of a big triangle and of the smaller channel. BTC -0.15% feels -4.71% and looks weak at this time. Considering all, now I am thinking, that was THE last top. Meaning we might not have anymore proper bounces until 5k region.
Looks like I found some important days upcoming. Not always write which one is ETA and which one is EPA. Let's see how this plays out :)
Some of the fibs are speculative. Proceed at your own risk. I paper trade :)
It's a new day = it's a new chart. Good for paper trading only.