I put half of my desired position in play based on the current situation.
If this level will not hold, I am ready to increase my position around 85.
Depending on the situation it may become a long-term thing or just a swing trade up to around 110.
I've been watching Cameco and the uranium mining market in general for years. It's about time to start building my position.
In the past, I was interested in URA ETF , but I am not happy about what assets they put into the basket. Ideally, I would invest in the ETF tracking the uranium price. Since it's impossible, the next closest thing is uranium mining. I...
The red areas mark when 50 days MA is below 200. I use it a primary indicator or of a bull/bear market.
The last bull market for Monero started a half year later but then – despite not catching up at the beginning – it grew **16 times faster**.
Monero is currently the best privacy coin, and privacy coins by many are viewed as "the next big thing" since...
Long opened at 194.
Scenario:
- 50% from the top.
- Two strong support lines.
- RSI 30 on the weekly chart.
S/L : 177
T/P : 300*
*or higher depending on the situation
The amount of shorts on Bitfinex approaches 40k. Looking back, the crowd rarely earns money that easy. When shorts are getting too obvious, the short squeeze happens. A big player needs to move the price a bit up to create a waterfall of margin calls and make the move much bigger. Since we have the record on BTCUSD shorts, I expect a significant bounce above 7000....
