Short-term
BitTorrent buy levels?What do you think is the proper entry for BitTorrent since it is on a strong downtrend? The bottom of this valley could be critical for Bittorrent and it has a great chance to be respected by a lot of traders.
share your thoughts.
I'm only a beginner trying to learn so keep it cool if you you are a badass in this market!
XAUUSD Long Trade SetupI took a long trade because my expectation is the yellow C. But what is in the making after the yellow B can become a correction. That's why I'll move SL to BE if it breaks the previous high at 1731.50. Then we will see if it will keep going up. In the case of the yellow C, I'll hedge my trade. So I didn't buy it to book my profit. As you can see, its R:R is not good.
BTCUSDT Full Forecast
Bitcoin is still looking for bullish. It is supported by triangle breaks and bullish formations. So, it is so strong signal for buy for short term gainings. Also it is following base on up trend way and I don't think it is going to break down. And while Bitcoin is a fomo material, we will see strong buyers in short term.
I will share SL and TP zones in another only-short-term forecast.
As it is in the short-term, while above the trend, we will not see a bearish soon. Actually this price line, under the 61k is very good buy zone for mid-term traders. Keep following because nobody can know what will happen if it breaks below.
I'm one of thinkers Bitcoin will rise over $250k. If you are going to buy in spot, you can; always actually. But this is not a good spot for leveraged long term buyings. I would suggest you to buy and follow the trend so close, because above the trend, we can't go anymore lower.
Of course use a stop-loss in short and mid term transactions, because this is high volatility insturment and any news, as like banning cryptos in India, can make a strong push below the trend.
Time to fade the dollar move and long the South African rand Risk markets were a bloodbath this week. Explosive moves in the RV yield curve space caused ripple effects across a variety of asset classes. The US equity market was significantly affected, albeit only 2.5% from SPY ATHs. That said, there were some vicious sector rotations with momentum (TSLA,AAPL) really underperforming. EM took the brunt of this hit too, with the rand down over 4% on the 25th Feb. Today we come into a setup where the rand fell further and is now starting to rebound, in line with broad equity risk and a potential short-term top in yields. I'm entering long zar against the USD, targeting the 10day EMA at around 14.77. I will take 4/5 of the trade-off there and let the rest run.