✅ NEW TRADE REVIEW: $CROUSD- CROUSDT is buyable through a tight pibot near the low
WHAT I LIKE IN THE CHART
- Had +150% powerful move up
- Great volume charactersitics
- Tightening down with lowering volume
WHAT WOULD BE A NORMAL TURN OUT FOR THIS STOCK
- A normal behaviour would indicate a push higher to the organge box, named 'CONSOLIDATION' withouth increasing volatility (aka without moving below the Stop Loss red dotted line)
- This is great place to START a position (not whole but a quarter of position size (e.g. if you full position size is $25,000, it is a good place to start with $5,000-8,000)
NEXT Technical buy point is a consolidation in the box and breakout there
The risk is less than 5% on the trade. As the stock moves up, it is important to keep managing the risk reward relationship
DISCLAIMER:
THIS IS NOT FINANCIAL ADVICE. ONLY FOR EDUCATIONAL PURPOSES TO ILLUSTRATE TECHNIQUES
Boitcoin
TROYUSDT#TROYUSDT
#TROYUSDT buy and hold it to the next targets at the chart i expect the price will fly to the target at the chart we have very important and strong support zone RSI showing bullish MACD is showing bullish EMAs is neutral Fib retracement is showing bullish Accumulation distribution is bullish ZELMA is neutral Ichimoku cloud is bullish there i expect there will be a correction move
Bitcoin - This actually does happen check it outHappening right now: Looking at the one-day timeframe you can see that we have stayed consistently above the 50MA if you see at least 3 candles above the 50MA that shows strength, however, this move is highly suspicious since there is so much divergence in so many indicators. We have a tremendous spike in volume while the candles are generally small. In cases like this, the best move is to not make a move. This decision is easy to make because the odds of going down are greater than the odds of going up. Why are the odds of going up lower? Because the consumer is in debt, savings are depleted and a retail trader with lots of disposable income is much needed in order for the powers that be to make their billions. When money is dry the only way you can lure consumers back is by dropping the price, so the only way BTC is going back up is by coming down in price. So what can we expect? In the next few months, we'll see small moves up, long sideway ranges, and one last drop.
We have to talk about this: Check this out, this massive wick that reached to the center of the earth is called a flash crash, they start and end in less than a minute. When these flash crashes take place all other coins will flash crash as well. Does this happen often? Yes, but not that severe. How to capitalize on this? We'll talk about this at length in a future post but this is part of the severe market manipulation by exchanges. They use it to hunt stop-losses once they accumulate and you can use it to set up buy orders and make thousands in less than a minute.
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Bitcoin: Time to Close Long Position For a WhileSignals: Yellow * 4 --> Red
There should be another bounce to the supply zone:49100-50100. When the bounce ends and does not get over 50700, close the Long Position or Short Trade.
If it does retrace as expected, two possible strong support levels need to be tested: 47500, 46000
BTC , BTCUSD , BTCUSDT ,BTCUSDTP, BITCOIN ,CRYPTO,CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.