MindYourTrades

MindYourTrades

We are witnessing the ending formation of this ascending triangle with a strong potential to brake to the upside with: - Target at: 5906 - Main resistance at: 5422 5662 - Main support at: 5014 4882 >>>Always Mind Your Trades and make sure to make your own analysis before investing your hard earned money. I am not a financial advisor and this...

MindYourTrades Updated 

After this heavy longs liquidation, here is what I expect in term of price action based on simple fib retracement and resistances: >Scenario 1: Retracement and rejection to the 23.6 fib ($3992). Then potential moves between the 38.2 ($3868) and 50 ($3768) to finally brake down to the 61.8 ($3668). >Scenario 2: Retracement and rejection to the 38.2 fib...

MindYourTrades Updated 

A bull pennant is forming. Looking at levels of resistance and support will help you set your trade. >Move up: -If we move pass the 4040-4070 level I expect an initial move up to 4150 potentially continuing up to 4250 >Move down: -If we brake below the 3886-3831 level I expect an initial move down to the 38.3 fib and potentially 50 fib retracement...

MindYourTrades

Please note that this is my first post on TradingView so don't go all in based on this. Always Mind Your Trades and make sure to make your own analysis before investing your hard earned money. 1. But here is what we can notice on BITFINEX:BTCUSD : *Multiple rejection from the 50 MA 7 days in a row *Multiple rejection from blue descending trendline *RSI...