After this breakout we swiftly took out the 1.618 area and are consolidating above. Look for a move to the 2.618 level around $115k.
After this strong recovery, I expect a break to fresh local highs based on the measured move from the bottom of the dip. $61 is the first target on this play.
This is not the end. The fear this little dip brought across the market will scare lots of investors and traders. Those shorting here will be in for some pain as bitcoin break ATH either this candle or the next.
This is not the end. The fear this little dip brought across the market will scare lots of investors and traders. Those shorting here will be in for some pain as bitcoin break ATH either this candle or the next.
I plan to hold till tp or until NY close tomorrow 6/23 10RR risking .5%
Rejecting off 20ema and support turned resistance TP still mid 35k
under.5 fib, macd downcurl, rejection off of descending trendline, no wick heikin ashi candle. dump time coming soon
Measured move brings us down to .72300. plan to ride it down with a tight stop right above entry.
These candles typically signal reversal/bounce. I could see us reaching up to the .618 at around 53700 which is also previous support. Also the other indicators are presenting us with reversal patterns. bullish div on 4hr rsi and upcurling macd.
As you can see we broke down out of our continuation signal (symmetrical triangle). We saw our bounce and waited to see a rejection on support turned resistance and added to our short position. Looking for signs of reversal to exit.
Xtz has been ranging and after its previous hype its been laying low. I think we have a chance to pop back up.
My last play resulted in a break even trade. I plan to do the same here except holding a long if we consolidate over out previous high.If that does happen then I believe we are in for a massive bull run to the upside. I will refuse to take that gamble and I will set myself up for a low risk, high reward trade setup. This is clearly a double top. I will be...
Have shorts laddered up to 9k. I see this as a low risk, high reward trade setup as I can set my sl just above 9020 laddering into long positions if it ends up going for a run to the upside. I see us testing the top of this structure and bouncing back since it seems that the .618 lines up nicely with the top. I am looking for a drop to around 8k will tp at 8200,...
As you can see trx once again went below the support and i expect another test at the support of .017.once it retests the top of the triangle we can assume we are in for some gains but until it bounces off support i will remain bearish
Trx likes to hold a good bottom around 3 cents. it has been in a downtrend but broke through and looks like its about to pop upward. Regardless anything under 4 c is a good time to accumulate. 3-5x gains possible but then again anything is possible