XBTUSD Trade Setup

We got weekly close above the resistance and this the setup we’re going to take.

Try to get as lower entry as possible because that will help you have great risk-reward on this trade.

The first major target is the previous high.

Invalidation area (stop loss) is below $11 300 (the support 2-3 days ago)

Good luck 🙏

Trade is active 🚀🙏

Here it goes 🚀

It’s time to manage this trade. There’s no reason to hold stop loss that low because we got a new invalidation area.

The new invalidation area is below this blue block ($11450) and that’s where we’re moving our stop loss to.

Taking aro 15-20% of the original position and booking as profit would be a great idea to do right now.

Enjoy profits again 🚀😍

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ETHBTC is at the levels it wasn’t in last 18 months.

No matter what’s your target for ETHBTC pair, don’t be afraid to take some profit if your goals is to grow your BTC holdings.

“You can’t go broke taking a profit”

If Bitcoin closes below blue box, we may see short term change in the trend.

Waiting for the daily close to give you more insights on this setup.

On the way to the target 🚀

As NEO reached the projected area, it’s time for a new forecast.

In order to become one of the altcoins with a bullish chart, it has to reenter this range between 0.0018 and 0.0025BTC.

If it gets rejected from this range, we can see new lows by the end of this year. This is a very important time for NEO holders. Reentry into the range could spice the things up and we may see some parabolic from this coin but nothing until it reclaims broken support and enter the range again.

If you're playing the bull side on altcoins here, look for the ones that wicked low and managed to climb back up quickly.

Might seem like the ones that are still "lower" are a better bet but they aren't.
You wanna get involved in the ones showing strength, not the weak ones.

Where are moon boys now? 📉

$110 millions worth of long postions got liquidated on Bitmex 🤯

If you see an altcoin looking like this, stay away from it.

In this example this is EOS but no matter the altcoin, with this technical structure, it will be very hard to go up.

A bearish retest of broken support that’s turned into resistance and next target is new lows…

Will we see Bitcoin below $10 000?
anonymous poll

Yes! – 218
👍👍👍👍👍👍👍 58%

No! – 126
👍👍👍👍 34%

I have no idea... – 29
👍 8%

👥 373 people voted so far.

Bitcoin entered the lower range between $10500 and $9600.

If we get daily close below $10500, we will be looking for short trade targeting today’s low and potentially all the way down to $9600.

Is this end of the bull market?

Look at this range.

As long as Bitcoin is in this range, it’s in the accumulation zone for the big move.

We already had to the downside that got bought up which is a pretty bullish thing for all the bulls in the market.

But on the other side, this range can continue for the next 3-6-9 months and patience is well-needed.

Down to daily TF, below $10500 it targets $9600. If we strength above $10500, we can easily think of new longs but I would give some time for the market to build the next structure because it’s pretty hard to call anything after $1500 move down.

The next target I see is $9600 (previous support and CME gap as well).

After that, we’ll see what the market offers us.

Resistance playing its role 📉

Called local top on ETHBTC.

It looks like decision to sell part of my Ethereum coins to BTC was good decision as it’s currently more than 10% below.

Don’t try to buy the bottom on Bitcoin it has a lot of room for down move so trying to catch a knife can end up pretty bad especially if you decide to use leverage 📉

I see many people heavily forcing setups on the upper blue area.

It may work but the move down we saw 2 days ago is still one big move down and we can easily see the second wave.

I’m still waiting for the swing setup but be aware of the possibility that the upper blue area gets broken and we see deeper correction into this wick area just below $9000.

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