Trendline retest + LTF resistance broken to the upside for further confluence to the trade idea.
Should the weekly candle close below 168 - I am shorting and targeting 150-155 trading range
Started a short positon with a limit ask at 5155. Looking at 4.3k as a target. Entries and stop placement displayed in the chart
Taking a look at the weekly chart, XRPBTC currently provides for a terrible risk to reward ratio. I am personally staying out till I see more blood. Have not set any bids yet, but will stalk this setup.
ETHUSD - Long entry trigger - bullish pin bar - 1hr setup. Weekly closed in favor of the bulls - I am targeting 250 for this trade
BTCUSD - Daily closed back in the former range. Entry stop and target shown in the chart.
Flat currently - waiting for price to break resistance before jumping in.
Looking at the bitcoin long/short chart with a side by side view, I've noticed that we are very close to finding out the mid-term trend direction for btc. Personally, I am long on bitcoin.
bids around the blue box. Should it fall further down don't be afraid of cutting the bag.
dont fight the trend. Wait for the price to retrace further. Bids by green.
wait for the 4hr candle to close above 700 dollars.
Shorting BTC is tricky. This is the type of setup I usually look for when shorting. I prefer to wait for previous support tested before heading downwards. Good luck.
good R/R stop loss slight under the horizontal level
settings bids below the .618 fib based on prior price action. Let see if this holds.