I hope you’ve booked your profit. if you haven’t book partially.Again Ethereum is long term holding. But for day traders you need to sell off if it goes below 200. and again take entry around 170.
between 150-170 i’ll buy 10 eth. if price don’t get to this level then i’ll look for next strategy. i’ll never regret booking profit here. Again if crypto is your retirement plan then ignore this idea. only for traders.
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unlocked 9200 resistance level. interesting game is ON.RSI @ historic level 90. we can watch it moving towards 9200 resistance finally. Although i advise to book profit here and re enter after correction. Booking profit for now is one of the best advice at this level, and you don’t have to exit you can always re-enter.
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Beware from whale trap. Don’t think btc to $100k and moon.As you can see price is increasing but volume is surprisingly decreasing everyday. Huge accumulation is going on and i can smell mini dump before halving. now it’s 13% up from yesterday, sell 30% holdings and book profit. if my analysis is accurate as i have seen whale activities in past. After 10k big dump will be there and it will be great entry point. hold your cash tight. The strategy is simple keep booking small profits.
if you think you’ve gained at least 1% knowledge the follow me for more ideas..thank you..
Serious attention required. Please read it seriously. First hit that follow button and come and read. 🤗
The story: As you know or may not know that Ethereum reward mechanism is changing with the launch of Ethereum 2.0 from POW (proof of work) to POS (proof of stake). this means no more mining, if you have 43 Ethereum in your wallet you’ll get same reward as mininers get today.
This is why stacking will come into picture, people will start accumulating and hence price will go much higher (probably 3 to 5 times of current price).
Expected launch of Ethereum 2.0 is july 2020. You can surely get you money doubled till july. and hold it don’t get into JOMO. Hodl tight for more profit till December.
After December of January 2021 prices will move sideways. (you can book your profit in between).
This is not a trend analysis or any type of chart tricks. This is purely fundamental. I am just using some support and resistance levels for conformation.
GBPCHF LONG IN DOWNTREND CHANNEL ;)Hi Traders,
I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind.
On W1 and D1 i see a downtrend channel. The price touched the bottom of the channel, and it reversed.
Uptrend started, it shows my trendline and the 50EMA broken upwards.
My stop loss is at 1.18000
Just let that trade run, I will update that idea if I do something with my trade.
Let's be successful together.
Follow me for new ideas, I'll appreciate your follows.
Have a great day ahead,
Benjamin
GBPJPY: possible long scenarioTrend reversal is possible in GBPJPY.
Entering the market from 129.4 with S/L below 127.8 and T/P around 134.26 provides decent R:R and opportunity to ride a possible price reversal in GBPJPY.
Position sizing is crucial in this kind of market environment.
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USDCHF: possible short scenarioPossible double-top formation in USDCHF on 1h chart.
Entering the market from 0.9527 price with 0.961 S/L and 0.931 T/P provides decent R:R opportunity.
The bias is still bearish in USDCHF.
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Silver ShortNice Short opportunity for Silver, follow me for more, on this one I expect silver to bounce quickly, if you're feeling a little confident you can increase gains tremendously by making the stoploss smaller, but I'm still learning so I shall leave it there, follow me for more. I have improved so much, you wont regret it! Would greatly appreciate this if you like, agree, or just to get a bunch of more good trades that will be coming
USDCAD: possible long scenarioThe world is in interest rate cut mode.
Yesterday FED cut the interest rate from 1,75% to 1,25%, while RBA from 0,75% to 0,5%.
The market should price interest rate cut from Bank of Canada (BoC) as well, which will be announeced today.
This might be bullish for USDCAD, so joining from 1.3335 price level with S/L around 1.326 and 1.3523 T/P provides decent opportunity.
Proper position size should be applied based on risk management strategy.
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AUDUSD: possible long scenarioRBA cut the interest rates from 0,75% to 0,50%, which was already priced by the market, so there was no negative reaction from AUD.
Buying from the 0.6546-0.6505 price zone with T/P around 0.669 provides decent R:R and opportunity to ride a correction movement.
Smaller positions should be taken as the main trend is still bearish.
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