Crypto Mumbles
📈 TRADE ALERT taking a small margin long on OGN at CMP depending on the situation, might average down reasons: bounced off nicely on support, still bullish on btc SL: 0.65 creds to @suho_kun for sharing the trade here! #trades W
OGN going well, but movement is a bit slow…
not to my liking……
setting SL to entry and taking 50% and letting it run
a win is still a win though ! :-)
not to my liking……
setting SL to entry and taking 50% and letting it run
a win is still a win though ! :-)
Crypto Mumbles
dropping down to BNB on a 15m tf, we're looking for a retest on the level of 314.16 entering a long on the retest would be good if not, it's okay to miss a move as well do keep an eye out for bnb
BNB still very stagnant here, moving sideways, not ideal for scalps
Crypto Mumbles
going back to DOT on a 15m tf a close above 16.112 would be great with that resistance captured, i'll be entering a long inverse h&s expected tp is still about 16.5
📈 TRADE ALERT
entered long on DOT at cmp
reasons: same as before
TP: none (personal preference)
SL: 15.6
#trades L
entered long on DOT at cmp
reasons: same as before
TP: none (personal preference)
SL: 15.6
#trades L
Crypto Mumbles
📈 TRADE ALERT entered long on DOT at cmp reasons: same as before TP: none (personal preference) SL: 15.6 #trades L
closed my position here as btc is dumping v hard
getting out of the market!
took a loss here, about -90%!
getting out of the market!
took a loss here, about -90%!
but of course with such inorganic price action....
there's probably a whale or financial institution shorting a huge margin now
oh well
there's probably a whale or financial institution shorting a huge margin now
oh well
quick explanation here
after the flash crash into demand zone, the immediate next candle was a bearish spinning top (not a good sign for the bulls)
following which was a green shooting star (i mentioned this before), despite it being green i still see it as a bearish sign
mainly because bears are succeeding in pushing the bulls back down hence the long top wick
there i entered a short with a tight SL as shown in the picture
and i think pure luck that it just took a huge dump hitting 134% in a few minutes
but i hope the explanation does help you in understanding price action
#learn
after the flash crash into demand zone, the immediate next candle was a bearish spinning top (not a good sign for the bulls)
following which was a green shooting star (i mentioned this before), despite it being green i still see it as a bearish sign
mainly because bears are succeeding in pushing the bulls back down hence the long top wick
there i entered a short with a tight SL as shown in the picture
and i think pure luck that it just took a huge dump hitting 134% in a few minutes
but i hope the explanation does help you in understanding price action
#learn
Crypto Mumbles
pretty interesting that the previous 2 green candles do not have a bottom wick around 85-90% of candles have both top and bottom wicks shows the bulls are fighting pretty hard to close back up into the support zone after losing it to the bears however the…
i mentioned green shooting star here ^^^
some see it as an inverted hammer which is bullish, but i see it based on circumstances, and in most cases if it came from an uptrend, then it's bearish
some see it as an inverted hammer which is bullish, but i see it based on circumstances, and in most cases if it came from an uptrend, then it's bearish
Crypto Mumbles
here are some basic candlestick patterns to learn! with this you can understand price action better :-) you don't have to memorize the names etc. it doesn't really matter, as long as you understand what it signifies #learn
that's the importance of understanding candlesticks and price action!
bumping this because it's very important in trading
bumping this because it's very important in trading
Crypto Mumbles
if btc closes below the demand zone on the 15m candle, you can go for a short but I won't be trading for now as I have to tend to other matters so... nfa and atb!
and also, the 15m candle closed below demand zone, so the trade is still valid
stop can be at the edge of demand zone or around 34200
you can aim for the next support around 33600 then 33350
as usual, nfa at your own risk
slightly riskier trade here since it was a flash crash
stop can be at the edge of demand zone or around 34200
you can aim for the next support around 33600 then 33350
as usual, nfa at your own risk
slightly riskier trade here since it was a flash crash
Crypto Mumbles
you can see the bulls are defending this line very very hard a close below and prices should drive downwards long top wicks still a good sign for the trade ✅
currently not much volume in the market, do watch out for a possible reversal
might just be sideway movement for awhile
set your stops tight in you're in shorts!
might just be sideway movement for awhile
set your stops tight in you're in shorts!
Crypto Mumbles
currently not much volume in the market, do watch out for a possible reversal might just be sideway movement for awhile set your stops tight in you're in shorts!
reversal really happened right after tweezer bottom (bullish)
hope your stops were tight!
hope your stops were tight!
📈 TRADE ALERT
SNX 1h tf
entered SNX at CMP
lev x20
i'm looking to hold for awhile, possibly overnight
SL: 11.25
reasons:
running independently from btc, largely unaffected by the pumps and dumps, nice uptrend for a long while now
#trades W
SNX 1h tf
entered SNX at CMP
lev x20
i'm looking to hold for awhile, possibly overnight
SL: 11.25
reasons:
running independently from btc, largely unaffected by the pumps and dumps, nice uptrend for a long while now
#trades W