Im watching $XRP closely. Lots of opportunites look like they're about to open up on Ripple with it's nice trend going on right now. I may look to place a short in this red ichimoku cloud or long if it can confidently break into the mid 7000 satoshi range. #cryptotrading
I'll be watching $XRP for a potential drop to the 6620 satoshi level and will look to see if it bounces off the much shorter term .618 retracement on its more recent trend.
If it does, that could be good confirmation of this bullish bias being in tact. #Cryptotrading
The possibility of us barting higher has effectively been removed now as we have not been trading sideways.
This is a time to be extremely cautious in the market right now. If you're tempted to make trades here you must very seriously consider if you're having rational thoughts
BTC potentially forming a very concerning rising wedge with these slow rises upwards. Looking like it could break down fairly easily surrounding today's weekly close or perhaps tomorrow when formal trading begins again.
#cryptotrading $btc
Clear double bottom formation with confirmation by volume (volume rises upon breakout of the neckline (red box)).
Typically a very bullish sign but with all the mixed signals we're getting, not worth trading until we get confirmations of a breakout/rejection off the 6800 level.
#CryptoTrading Tip of the day:
Keep your currency SECURE. We recommend using a Hardware wallet such as Trezor (https://t.co/jDNTC2hnG8 ) or a Ledger Nano (https://t.co/tjAsaWpeKb) $btc $eth $bch
$BTC potentially in a very nice bullflag right and could be looking to break up following this consolidation period.
Chances that it does happen though are quite slim in my opinion as it faces heavy resistance and volume is still too dry to back any significant move upwards.
$BTC still continuing on with the very clear rising wedge formation we identified a couple days back.
This is a healthy formation and could lead into two scenarios:
Breaking down and into the 5000 range
Breaking down and finding support around 6000-6150 then moving on sideways
$XRP/BTC
Ripple is approaching a key support level (between 411-422). If this support fails, Ripple will have to find a new support at a new low. I will consider entering a short just below this support once we are trading within the lower range of the support. #CryptoTrading
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Been a mostly sideways day for BTC with more alt bleeding as expected. This is shaping up to be a great bear flag to play but at such a key support level, not worth taking the risk. Further selling (BTC) as a hedge at this level is definitely an option though.
Watch this space for regular #CryptoTrading tips & best practices coming your way very soon.
Think you've missed the boat with $BTC $crypto? Let us prove you wrong.
Beware for the wider market though. Volume across many alts seems very poor right now and potential breakouts may be shortlived if volume doesn’t significantly increase relatively soon.
$ETH sitting at a very nice area given that it hasn’t dropped lower than the $700 area. If the next general market in the crypto market is up, which I think it is, #ETH should be one of the better performing yet still safe coins during the rise.
#CryptoTrading tip of the day:
Don't be disheartened by losses.
Everyone has bad days and as long as you learn from your mistakes, it never really is a loss and it's nothing you can't recover from.
#bitcoin#bitcointrading#crypto#cryptocurrency $trx $wan $xvg $eth $eos $bnb
#CryptoTrading tip of the day:
Use the 3 indicator rule.
When making a trade using TA, look for 3 solid indicators that your investment will go the way you want it to before locking it in.
#bitcoin#bitcointrading#crypto#cryptocurrency $trx $wan $xvg $eth $eos $bnb
#CryptoTrading tip of the day:
Don't be afraid to buy the dip!
If a coin you like is in a short dip, be the trader that seizes the opportunity. These markets favour the opportunity takers.
#bitcoin#bitcointrading#crypto#cryptocurrency $trx $wan $xvg $eth $eos $bnb