This short trade would only be suitable if we make a lower low on Bitcoin/USD. Other than that we have the potential for a reversal to the upside. Be wary, a three drives pattern could also hit your stop even if you decide to go short!
Cup and handle, looks like a breakout and a retest of the handle. Buy the handle breakout level, risk the 10-14%. Always remember position sizing.
This is the BACK TO NORMAL phase. And selling your position into this buying strength is often times the HARDEST choice because you convince yourself that we're just going to go even higher ... but then the contrary happens. Just remember, past 15K is a gamble. There is no indication of anything bullish right now. Stay safe traders.
5-to-1 trade. Rushed to post this because I just got an alert. Remember, position sizing is always necessary!
I think there's room for this coin to explode short term. High risk reward. Obviously a shot worth taking. This market isn't really liquid so I'm not putting much into it.
Remember, position sizing is very important for longevity in this game.
5 to 1 trade. Needs appropriate position sizing of course... XMR could be off to launch even higher. It has been coiling for the better part of a week. But bare in mind, a rise in BITCOIN could impact this. So a okay target would be the 1.168. I look to let my winners ride with a 10% stop.
Entry would be the weeks high, ride to around 0.025 as a target
NEO is the next outperformer. Target $80.00 INTERIM.
3-to-1 trade. Always position size appropriately when dealing with a potential 25% loss. EOS looks good for a market cycle any time this week. STOP when up trend is broken.
If we trade below the dotted line, we could be in for a very bad time. I would parallel this to a megaphone pattern which is bearish too. Signs of reversal coming from the daily chart including potential TD price flip. Be cautious
Very good risk to reward trade on a BCH short. We're in bearish territory. 1) In bearish ichimoku territory 2) Descending triangle breakdown in play 3) Oversold so we're pumping to retest previous breakdown level 4) End of a market cycle It's not replacing Bitcoin, I'm sorry. You're still stuck in the new paradigm phase if you think this inactive development of...
Just disappointment, after disappointment. Short trade to test out the tough support line of what can appear to be a rising wedge on the weekly time frame. Monthly chart also had a death cross, how much worse can this get. We may get a TD 13 buy signal in a few days through the demark indicator also which could be a sign of selling momentum exhaustion (daily)....
My next target is $9,200. Measured from the depth of the depth of the dip. $10,000 is a pretty big psychological barrier. I would be a lot more risk adverse in this market. Leveraging in my opinion is insanity, because of its insane volatility.
As I have been trading TD sequential for some time now, I am partially LONG on Bitcoin but managing my trades with very tight stop losses. If we wish for parabolic movement, we should be above $7,400 - $7,500 for price predictions $9,000 and above. Other than that, you could say buying Bitcoin at its current levels is no different to hitting the button on a slot...
Rising wedge + bearish divergence ... we could be seeing downside for the next couple days! Short in play with target being the height of the rising wedge.
Still keeping my short from 7.5K in place. Despite having a rally today, we must not forget that the bears have been hunting the bulls for the past 4 days ... so we could just go up to test new resistance levels, but with that said... TD 9 count still in tact with BTC chart, currently on bearish day 5? I think. 5 of 9, or 4 of 9. So expecting a big move to the...
We have a potential descending triangle which is a bearish indicator. However if we break up of it, we will possibly revisit 7,500 ... and breaking that would lead us to the all time highs potentially. But if we break down, we will be retesting the support that connects the prior 2 tops this year. If that doesn't hold, it may be very probable that we topped for...