Bulls are trying to achieve a substantial bounce through an ascending triangle and a channel. MACD diverging.
High resistance is expected up to the 6000$ mark. That's where bears are likely to strike back.
Risk management: if you're in already Keep a trailing Stop -OR- set SL under support ( lower bound of fuchsia channel / triangle ).
Don't play without a safety net here, better safe than sorry.
High risk trade, since we got a diamond involved:
Do your own diligence.
High resistance is expected up to the 6000$ mark. That's where bears are likely to strike back.
Risk management: if you're in already Keep a trailing Stop -OR- set SL under support ( lower bound of fuchsia channel / triangle ).
Don't play without a safety net here, better safe than sorry.
High risk trade, since we got a diamond involved:
Do your own diligence.
הערה:
At resistance.
הערה:
Top of channel and near 6000$ mark.
That's first target.
Top of channel and near 6000$ mark.
That's first target.
הערה:
LIquidating part of position and setting a TP for the remaining part, so thati can still play a bit.
הערה:
There's a kind of pennant on smaller timeframe.
price may try to attack resistance again IF manages to breakout, within about 1 hour. Otherwise i'd assume retrace and/or consolidation once 3740 gets lost.
price may try to attack resistance again IF manages to breakout, within about 1 hour. Otherwise i'd assume retrace and/or consolidation once 3740 gets lost.
הערה:
5740$, sorry for typo.
הערה:
That's the attack.
הערה:
I'd like to see a cooldown and some consolidation now.
הערה:
(after current impulse)
עסקה סגורה: היעד הושג:
5950$ sell order executed.
50% Liquidated.
50% Liquidated.
הערה:
Enough "live trading" today, will check later.
Mind the possible rising wedge here.
Remember, play safe.
Mind the possible rising wedge here.
Remember, play safe.
עסקה סגורה: היעד הושג:
Manually closed at 6350$ mark.
Close to TP #2
Close to TP #2
הערה:
Whatever, this was a great ride.
הערה:
Compare with opening post:
הערה:
It was pretty quick.
הערה:
So price matched 2nd taget.
It's an interesting setups, since the ascending triangle we got here technically allows for a third target above 7000$.
It's an interesting setups, since the ascending triangle we got here technically allows for a third target above 7000$.
הערה:
Perhaps price may have room to move towards the MA100/W.
*BUT* to be fair, oscillators are going to get overstretched soon.
I would greatly prefer some consolidation here.
It would be healthy to have som pullback and consolidate lower, creating a higher low. This before moving higher. Slow and steady in order to avoid fragility.
*BUT* to be fair, oscillators are going to get overstretched soon.
I would greatly prefer some consolidation here.
It would be healthy to have som pullback and consolidate lower, creating a higher low. This before moving higher. Slow and steady in order to avoid fragility.
הערה:
For bulls the ideal consolidation spot would roughly sit in the 6000$ to 5500$ eventually.
Anyway, it's too soon to debate about this, will post some update later, once dust settles. In the meantime don't forget this is still a ***VERY RISKY*** situation.
Use maximum caution till weekly close.
Anyway, it's too soon to debate about this, will post some update later, once dust settles. In the meantime don't forget this is still a ***VERY RISKY*** situation.
Use maximum caution till weekly close.
הערה:
Straight to MA100/W.
Now i hope we got consolidation, if it goes parabolic here we'll have a big pullback later and that's risky.
Now i hope we got consolidation, if it goes parabolic here we'll have a big pullback later and that's risky.
הערה:
הערה:
A fairly good retrace.
That's what happens when things move up too quickly.
Luckily we knew.
That's what happens when things move up too quickly.
Luckily we knew.
הערה:
Starting to buy back right form here, just above the 6000$ mark and long the way down.
הערה:
if that's the case.
Hopefully we'll see a reaction above 5600-5800$.
We'll see.
Hopefully we'll see a reaction above 5600-5800$.
We'll see.
הערה:
הערה:
Close and under MA200/W risk would be rather high.
Mind that.
Mind that.
הערה:
Be cautious because we're going to have a pretty bad daily close today.
DON'T overdo, too risky.
Chip in, increase moderately along the way down.
DON'T overdo, too risky.
Chip in, increase moderately along the way down.
הערה:
Got a second buy at 5710$. Now i'll wait.
הערה:
Ok tightening my stop.
Will check back tomorrow.
Don't remember to put your SL.
We're STILL playing with fire here, look at daily candle ...
Will check back tomorrow.
Don't remember to put your SL.
We're STILL playing with fire here, look at daily candle ...
הערה:
*Don't forget to put you SL*
Obviously ...
Obviously ...
הערה:
This is actual short term picture, after hourly close.
