Crab
Bitcoin could be heading to 100k It appears that Bitcoin is being used to hedge vs the US Dollar crashing.
$84,000 is certain in sight and who knows it could get to $100,000 sooner than anyone might of thought
I still think that BTC is too volatile for my liking and therefore I've stayed out. I've been happy to avoid FOMO.
I think that many will profit from a possible further charge north. But there is also still a risk that it BTC could reverse significantly.
Comment: For anybody trading an inherently very volatile instrument like BTC (and others such as exotic currency pairs), the big issue is loss control.
Perfect automated detection of DeepCrab pattern - ShortEntry(sell) 1.24500, T/P1 1.23000, T/P2 1.21000, S/L 1.25500
A Bearish DeepCrab pattern occured within the resistance zone of 1.245-1.255.
(In this resistance zone , there was a rebound in Sep 2018, Dec 2018, Jan 2019, Jul 2019, Sep 2019, Jan 2020, Feb 2020)
Short entry when rebound again.
USDJPY-Weekly Market Analysis-Feb21,Wk3If you are in our community you would have engaged the Bullish Crab Pattern on the USDJPY trade you would have gained 37pips and have your stop-loss shifted to entry without working the market might go against you.
If you have not, that's not the end of the world, since the trendline(blue line) is not broken, that could be an opportunity for you to long. However, I won't do that.
I would rather wait for it to retrace to its previous low point, or even better a bullish bat pattern form at 104.61.