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EURUSD | Intra Day Shorts?EURUSD shorts that unfolded earlier today around 1.16587, It presented as a clear trade setup (H&S) as most of us know about this pattern but very few understand the technicals behind it and how it should be traded, I personally didn't take this trade as i was not trading during this time and mostly focus on (London Open) but thought I'll share this anyways and hopefully it might help someone here in their (Trading Journey) so back to the technicals... Entry level would be off the right shoulder that's lined up with our 61.80% fibonacci level and stops can be placed above previous candle closure and 78.50% fibonacci level, any price break above this will indicate a trend reversal and to manage our trade, we would want to be stopped out before the massive move happens. So stops would need to be placed above this level and traded at 1% risk or lower, I personally take all my trades at 0.25% risk regardless how right i am with trading, my main focus in trading is capital protection and it should be yours too. Exit levels on this will be the -23.00 | -61.80% fibonacci. This is one of many profitable setups that can be traded, however - my best advice is to find one setup and stick with that daily, weekly. I will start posting more content and trade idea's here later this week. I'm enjoying it. Kind Regards.
Short
by UnknownUnicorn14323489
Coti analysis by vicWe are still in a bearish phase because of the bearish spike btc made so bears might show faces on this and any REJECTION from the bull we will go down and vice versa Like Share follow up and comment Note➡️➡️➡️ People that says my analysis aren't correct yàa it might not be correct but as we all know No ONE IS Perfect when it comes to the market Thumbs up if you like the idea or found it mildly interesting It's Not a trading Advice Note always check out your own research before opening any position take note
by REAL_CRYPTO_VIC
Bitcoin crashed.!!!!! The bull Market support band should hold.Hello Traders, It was quite a shock yesterday but you shouldn't have been worried if you are following my chart properly. As for those who are new trust me, believe me when i tell you something important that no one would. You don't have to fear anything. Don't get scared of this slight pullback. Look at the bright side you weren't fallen from $64k but just mere $52k with 20% correction. Absolutely normal. You could have easily recovered the profits if you had a backup money which you should always have regardless of the bull or bear run. So now arises an important question. Where to from here????????? Fundamental Analysis : If history has been any indication then we are right on track and we must carry our journey forward. But you have to know its september. Crazy things must happen this month and we have got three major dates for you. !. On 13th-14th september depending on your timezone we have CPI data coming. A very important if you must know. (April 15) A high CPI is good because crypto loves inflation 2. On 21st-22nd september we have annual meeting of FED's. Some say we might get an idea about taper from there. If taper happens this year then you cant stop this rocket from going to the moon 3. We also should mark those dates when options are expiring. One such is on september 21 and one on last week of september. Do keep that in mind. Technical analysis : 1. Charts are looking bad tbh but we have good news. No new shorts right now. 2. Fear is back in the market which is good opportunity to fill your bags. 3. Now we must hold bull market support band around 42-43k if we don't then maybe bears smell blood and will attack right away. Even i will join their party XD 4. 42.5k, 36k, 35k 31k, some major resistance to watch out if we break to downside. Or at the end we all are in a bull trap in the mercy of institutions, financial cartel, big banks, IMF etc Till then do not trade. Just accumulate with no leverage Happy trading my bears and bulls Regards Dante. An artist of crypto.!!!
BITSTAMP:BTCUSD
by desmondmilesdante
3
It Looks Like A Double Bottom But Very Likely Could Be A TrapI was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness. I think that this "Double Bottom" Has potential to trap many bulls and instead send the price down to around $9. The signal i will be using to enter short is once the MACD breaks the trendline and crosses bearishly i think we will see a nice move down to the $9s
Short
by RizeSenpai