We should always trade with market structure which has been a little down trending and honestly needs a correction for healthy movement of market to rally upwards. One more strong reason for bear market is the "BTC: All Exchanges Estimated Leverage Ratio" is at all time high. And whenever that happens, we see a good/decent amount of correction. Check here...
Looking at the 200 EMA and $3.35 CAD for support if we see more bearishness in the crypto market.
Executing a long position for a small swing with 1:1.5 risk reward. If you disregard exit point for more safety, implement a trailing stop loss to capture profits along the way to higher highs. Safety first, Pay yourself. Please like or leave a comment, What do you think? - Happy trading :)
Polkastarter has been respecting this triangle since it's all time high, the price action tried many time to break it but ended up by failing and we can see a strong support zone has formed below the price. On the 4h timeframe, the 200 EMA happens to pass by this support zone and the price can be clearly seen that it has tested it more than one time but failed in...
BTCUSDT is currently in its correction phase after its intense rally upwards. Currently BTC is trading inside this Falling Wedge which is an extremely bullish continuation pattern, wedge is confirmed by the dropping decreasing volume. Also, the price is taking support at the 200EMA and the RSI is showing a Bullish Divergence on the 4 hours chart. All...
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
AMB forming a second pennant, looks like it could break out and head to 3.6, high of 3.9 -4 sats, loving this play