Get started

Technichalanalysis

#Bitcoin Bulls already lost the fight? #BTC #BTCUSD- Bitcoin Price Update 17.09.2019 - Did Bitcoin Bulls already lost the fight? Price is now trading again towards 10k Support, below yesterday's daily Candle Close. Daily Stoch and Weekly Stoch are still heading down. On Both Timerames the Stochastic is divergenting and accelerating to the downside. Price action is currently flattening out squeezing all Exponentials together making serious trading on Bitcoin nearly impossible. The Strategy you want to play in this Market is to let the Major Descending Triangle resolve itself without having any open Position. But if you eager to take the risk you have to place Trades with a real good Risk management setup. Longing of 10k or even 9,1k Support is going to be a real brave Move taking it consideration that we retested Support level 9,1k a few times already and over time testing out support, the Zones are getting weaker and weaker. A Break of the Major Descending Triangle will open up a rather brutal cascade of Stop Loss Orders and Long Liquidations torpedoing prices to the next level of Support which could lead down to 8.4k. Then We need to reevaluate the situation, is it over or is it going to get much worse. Shorting Bitcoin is Risk Management wise a little bit simpler, because we are closer to a potential Trend Change then Targets when breaking the Pattern to the Downside. If you put on Shorts on any Desperately Bullish Moves just use the upper Trendline of the Descending Triangle as a Risk Off Line. In any Event pushing us above this Line will take away at least short term the possibilities of a 9,1k Support Break. Have your Stops in Place, Trade Safe! =========================== you can follow and copy my Trades on eToro My Etoro Profile: www.etoro.com Etoro Registration Link: etoro.tw
BITSTAMP:BTCUSD
by koboltrading
waiting patiently for my entries on #Gold #XAUUSD #GLDStill waiting patiently for My Entries on GOLD. Remember, in about 2 hours one of the mightiest Man on this planet Fed Chairman Mr. Jerome Powell will speak. We don't know exactly what will happen after the FED held their meeting, but during current Volatility already caused by ECB Decision to higher the punitive interest rates for Banks we maybe will get long legged Dojis in both directions before #Gold price will decide on direction. I want to play Gold to the Upside but don't want to get caught today by any wicked price action so I chose my Entry wisley. We are not in a rush getting into this Trade so we place our Alerts or Buy Orders Way below current price action, in a zone were we meet some kind of support and other Trader who rushed already to early in Position will probably have their Stopp Loss placed. We Have the 0.236 Fib Retracement Coming in at around 1460. We Have little Support around 1450 (the top of former consolidation) which align on the 10H Chart with the 200 EMA and on the 4H Timeframe we have the 377 EMA. So there are these indicators which would give me enough confidence making Long Trades of it. The reaction of this Zone will tell me soon enough if i am going to hold it for a few hours or keep it running at least till Friday Evening or maybe longer. My Risk Management will be set according to this. The More Safer was to not trade this Week any Gold and Wait for next Week Open because on the Higher Timeframes a Pullback to 1370 is still not of the table. If last Consolidation range will not bounce Gold Price i expect it to retrace fully to support and at least to 0.382 Fib (1400) or 0.5 Fib Level 1360. This Area is additionally Supported by the Weekly 50 and 200 EMA. Trade Safe. ======================= you can follow and copy my Trades on eToro My Etoro Profile: www.etoro.com Etoro Registration Link: etoro.tw
FX_IDC:XAUUSDLong
by koboltrading