The break of the ATH has been very dissapointing, normally at such a point the hurdle would just follow and buy for the next jump to 20K. But the highs are getting less high each time (thats what that cirkel is showing). This means that the buying strenght is weakening.
I am shorting it with a stop around the ATH . Saver option is to wait for a drop under 16.800
First target is around 15.600, a drop below this level would mean a test of the bigger support around 14.500. Saver
Up almost 400 points now. Lets see if the 16.800 will hold
Support has become resistance (for now). I am lowering my stop to my entry level for a free trade
That's the risk of what i have done, jumping out and not getting your entry level back. But still a very good prediction again :). But this spike is a very strange one. It was, in comparance to other to similar spikes, with lower volume. And it was not shared by other exchanges.
I am staying out for now, waiting for new signals. If i had to guess, i would go long now.
A retest of 13.000 is also very realistic.
Look at the similarities, the only big difference, is the 2 lows in the purple area, this time the second drop was lower. So that's a weak signall. But this chart actually shows the bullish version. The yellow zones look almost the same, the purple zone also look alike. But is has to stay above the 15K but even more important, above the 14.500. In the bullish version it has to stay above the 15.500, and from that point should get above the 17.600. To break out the rising wedge, just as it did a few times earlier. I think we will get our answer within 24H
Thank you very much, i do my best to post sometimes :)
No i did not see this. These things just confirm how dangerous these markets are. People just buy and buy these currency crypto's like their the new (digital) Gold standard. Even though they could just be banned by goverments in a blink of an eye. Instead of looking for crypto (companies) who have a real future
Well thank you, i try to post when i can. I hope you have also made some winning trades with them
Margin trading is quite dangerous, the risks are higher, but even more important, you get much more emotional with leverage. So what you do is better! It's not showing real strenght, but also no real weakness (yet)