1: Fundamentals don’t really work the same way as they would with stocks / fx. You’ll be looking for coin / token adoption by organisations and any forks / splits and new exchange listings.
2: I see crypto as a value investment. I have only put money into coins that I believe will have relevance in the future. The technology behind…[Read more]
The 4HR trend provided an awesome opportunity to sell, forming a perfect ABC retracement to the 50% Fibonacci.I missed both opportunities, but have entered at market this morning with the hope that the 4HR […]
- 3 people like this.
@katleho-maleka actually looks like a head and shoulder pattern about to form – fits in nicely with your inverse H&S on the USD Index
@vlad I took this trade on the doubletops. i agree with this fully
Definitely, if the inverse H&S on the USD Index works out, this one probably will too. Good trade bro.
The 4HR trend seems to have broken the daily uptrend by forming a lower high.Price is currently consolidating around the resistance zone (150.125).I’ve entered a sell, looking for a 1% return.SL: 152.965TP: 146.888
Hey everyone! I’ve been away from my trading desk for some time now. I wanted to find out how everyone sees the trading industry? Where is going in the next year? I know we rode the binary option wave, and now we’re seeing a huge takeover with crypto currencies – so what’s next?
Haha, just can’t wait to see how the crypto currecncies bubble ends. Well, we all know how a bubble ends.
I don’t know if the crypto currency market itself will bubble.. Maybe singular products (i.e. Bitcoin)? Technology is the future and, assuming AI is the next step, it only makes sense to me that crypto currencies would play an integral role in that markets integration to ours
Yeah sure, sort of like the dot.com bubble. I think other crypto currencies will vanish, though I don’t think Bitcoin will. Maybe I’ll wait for the crash, and then I might buy me some bitcoins.
EURUSD has broken out of it’s consolidation on the higher time frames and has now formed a clear bullish wave.I will now wait for a BC wave retrace to the demand area between the 50% and 61.8% Fibonacci levels. I […]
- 1 person likes this.
What is the risk in selling while waiting for the retrace for short-term profit? Good/bad idea?
Lol I like doing that as well sometimes I get burnt and sometimes I win.
It really depends on the strategy. But its safer to wait for the retrace as we never know if price may jump a bit higher first
AUDUSD seems to have formed an AB leg to the upside – breaking previous resistance.I am now looking for a retracement to the demand zone around the 50% – 61.8% Fibonacci region where I will be looking to […]
Old news, but news nontheless:
Should be quite a spectacle to watch unfold:
NZDJPY is back to break even; around the area where we sold in March.I think it’s a great opportunity to scale in as the order is still viable for me, so I’ll be selling on weekly support (supply zone).Entry: […]
- 1 person likes this.
US Oil seems to be forming a nice retracement on the daily swing. Currently moving in an uptrend on the 4HR, I’ll be looking for convergence around the 61.8% Fibonacci so that I can place a sell order.Entry: […]
- Load More