XRP looks bullish broke the symmetrical triangle and retest it. As long as we are above this triangle its bullish and keep my long. Target: 1.13 that's 35% up from 0.82 Stop loss: 10% below entry position.
The coming two months will be either the best bull run or the most disappointing alt season.
This is where TA comes and helps you to lower and manage your risk. Best you can do is just wait for a confirmation by a breakout and retest either ways. If you have a good entry at lower price, I would keep my long position open till we have a clear breakout of the symmetrical triangle. But if you already exited your position just wait as I said previously.
I would wait for a clear breakout of this one. I wanna see a breakout with a retest of the symmetrical triangle to go long. This is the bigger pic, and it will take a time to playout. It all depends on $BTC
Do you know what this pattern is called? Hint: go to google and search for rising wedge.
Personally, I would enter long at 0.03240. My reward to risk is 2:1 Profit 20% from entry Risk 10% below my entry
Symmetrical triangle waiting for a clear breakout to long or short.
It all depends on the weekly close, if we close below 43k, will short heavily/ if we reclaim the resistance at 44.3k then I will go long, and play it to 48k first and then 52k
Since bitcoin broke the uptrend again, am expecting a dump to 43-42k, and then a bounce back.
This is the bigger picture of the coin. Its currently in a downtrend, and got rejected by it. However, If we break this downtrend, this coin will fly/ I would not enter at the moment, will wait for a better entry or a breakout of this downtrend.
Its in a symmetrical triangle. There are 60% chance of going up, and 40% going down. I will go long, and put my stop loss 5% from my entry. Please show me some support by following me on Twitter. Thank you!
It looks like a falling wedge, which is bullish. Targets: 4.8 and 5.3
We reclaimed the fake out that happened yesterday after we broke the symmetrical triangle to the downtrend. Once we break this symmetrical triangle, this will fly: This is my targets: Tp1 : 34 Tp2: 37 Tp3: 45 Good luck! and your risk is just 5% from entry
Its obviously in a downtrend, so its better to stay away till a clear breakout and then go long.
Symmetrical triangle could breakup to the upside or downside. Just wait for a breakout either for the upside or downside for long or short.
Ascending triangle, which can break to the upside or downside. Just to be in a safe zone wait for a breakout and ride it whether its up or down.
This is my overview of Bitcoin. There are several resistance that bitcoin is trying to break throw: 1- 200 MA resistance 2- Yearly open highs 3- uptrend resistance line 4- downtrend resistance line its currently in a big symmetrical triangle which could go up or down. Personally waiting for a conformation for breaking to the upside would be safer, which is...
1- M shape should be completed. Entry at 1.06 or at 1.01 2- Ascending triangle is usually bullish, you can ride this with a breakout of this triangle and retest then the target will be at 1.4 for short term