I'm placing my sell limit near $1,271 with a stop near $1,274 and open take profit to capture 50/60 pips. On the other hand, my buying limit is $1,261. Good luck! Keep following
BTC still in raising wedge and a possibility to test 7.8 or beyond.
So...this is a placce where I'll be posting some ideas on BTC. What I see...sometimes what I think will happen...but mostly this is a place for LEARNING. I'm new. I'm a noob. But beside the prospect of making $$$ this whole trading thing, this analysis and market reading has really captured my imagination. What a tool it is to be able to read market sentiment...
Another update on this trade idea. We are following these rules of this strategy: Step One : Find the currency pair that is showing a high the last 50 candlesticks . (OR low depending on the trade) Step Two: When we find 50 candle low, it needs to be coupled with RSI reading around 20 or lower. (If it’s a high it needs to be coupled with the RSI reading 80...
Price has consolidated above monthly support at 112.00 with the weekly chart showing a strong hammer candlestick pattern signaling a reversal is soon due. Along with daily showing us a morning star pattern and bullish engulfing patterns, with a break above the daily trend line shown we are potentially looking at at 117.000 being the target as key weekly and...
We expect to see gartley pattern here before selling. See more at streetrader.com