Binance uses cross margin, and once DOGE dumps, traders who are long bitcoin will be force liquidated. Here we can see VFAP showing that price is on the upper band, traditionally where price will reverse downward. Contingency: If it does not go down, it will explode upward and retrace, but may take hours before returning under the gray horizontal box.
Target upper 32s, invalidation 35.
Looking to get a better short entry while also having a long entry set up in case I am wrong.
Speculative play. Target Boon. I mean moon. Buy $BNB to reduce trading fees, it's really that simple How BNB performed winter 2017 Daily Money Box, ping ponged resistance and support On support
For my own limits, 9900-10000 is a no trade zone because I have no directional bias to rely on in this area. I view under or right at the bottom of $9900 as a reliable support level and $10050 as resistance. Alternatively, 9947~ can be a area to scale in long as it is the 0.618 retrace point of the dump (10085-9730). $10000 is a psychological resistance and an...
Undetermined resistance. Possibly 7350 or 7402. Beyond that, I am hoping for a move towards higher 7k levels. Deribit options were nice because I was able to get out in profit on both my terrible calls and puts while I was asleep. I closed my short and flipped long on futures at 7200, hedging with a 6500 put Dec. 27 expiry. Quick change to idea while writing...
Very bullish on XRP but would short/sell here to reduce exposure. Partial TP in green box, add long there. Upside stronk.
Needs to break upwards and retest inner bands to show true upside potential
- Daily KAMA rejection - Repeated bouncing off support without consolidation at higher price Needs consolidation above 6800 level to invalidate