Good morning. Hope everyone had a good trading week on forex. Time to check on the crypto trades seeing as its the weekend. Bitcoin has continued the bull push lovely. Currently 6.2K pips up on this position. We created the new ATH at 64.8K then price came back down and touched the demand zone ever so precisely and rejected. These are very easy trades to take when trading a bull market. Continue to hold the position for now. I feel there may be a parabolic move coming up with a big push north. Let's wait and see. Enjoy the rest of your weekend, I am going to drink birthday beers GLIYF
Morning all, new week begins. Our Bitcoin Buy trade hit SL at 3000 pips in profit. That is why we secure pips when trade's are going our way., so we don't give back to the markets when in a profitable position. What makes crypto funny is everyone thinks the market is crashing when its simply having a correction which is normally expected with the strong push we have had recently. We are still in a bull market, this is what seperate's the new people that panic with a 15% dip after a 000% rise. I also like the fact price bounced straight from the demand zones that were created on the way up. These can be great places to buy back in from. Lets wait and see where price settles up first for now. Once support has formed we can get back in at a cheaper price. GLIYF
Good morning all. Back to Bitcoin today, now that it's having its correction and everyone has had their panic we can look to get back in on a buy again. I have marked a circle of multiple confluences where I would be interested in placing a buy. We have the long trend line , the moving average and its also where the wick rejected from. Kind of like testing the depths of the market I think. So multiple points of dynamic support to buy from. It would also only be an equal low to the previous higher low which would still confirm the bullish trend overall. Mark it up and wait for price to make its move then get in. GLIYF
Good morning all. Who's buying cheap crypto? Bitcoin has had a good pullback in price so far, naturally people are panicking who bought higher up. But this is just a time to dollar cost average down if your holding. Price is currently in my area of interest the moving average is holding price up as we speak. I would like to see it wick from here and hold this current price area. Then I will place a buy, if not then we could see a further drop to the demand zone below. If we do go further than that then it will feel like Christmas buying Bitcoin so cheaply. Mark out the levels and wait for support to form then get back in on the buy. GLIYF
Morning all, new week begins and it started with a Bitcoin buy. If you follow my charts you will of seen the circled area I have had marked for over a week now. It was the most likely area of confluences for Bitcoin to find support and turn again, with the trend line area and moving average. Coupled with this tweet showing the exchanges having a big surge in deposits with a huge number ''buying the dip'' I felt confident in buying from that zone. Currently straight into profit from candle open. Will have to be careful with this position as it could just be a pullback so will see how the daily candle closes before moving stop loss. hope you caught it too GLIYF
Evening all, couldn't sleep so thought id check up on the charts see what's going on. Bitcoin Went straight into profit for us from the circled area I had marked up for a while which was nice to see. We had a couple of bullish days but price slowed down when it hit that supply zone above which caused the drop through previous demand. Today we have a bearish candle and what is possibly a lower high. So I advise to move SL into profits slightly here. If price respects the trend line and moving average we could be ok. But if it looks to break through trend exit the trade with your profits. Could go either way this one for me now at this point. Secure the bag and watch it out. GLIYF
Evening all, the forex markets aren't open until later this evening so its time to check what the weekend has been like for Bitcoin . Does it look like the bull run is here to stay? Well it does for me, we've had a couple of lovely impulsive bullish candles creating higher highs and higher lows, broke through the 67K resistance. I would expect to carry on from here so if you joined me on this position then keep holding and moving Stop Loss into profits along the way. Would be nice to make a new ATH this week. GLIYF
Good evening all quick check back in on our Bitcoin buy position. Last time out we had just created the doji candle above the 56k resistance, so was looking for a pullback to the trend line and for price to continue. Well we got just that, as you can see it played out perfectly. Currently 8.1K pips up on this position. I’m looking for Bitcoin to make a new ATH for the bull run to continue. Easy places to stack your buys if you are following, always remember to move SL into profits to secure pips. GLIYF
Good evening all. Checking back in on our Bitcoin trade. I personally think we are coming to a turning point here. We are currently in profit on our position. But it looks like price is getting squeezed into a corner. Either we will continue and break out to make a new ATH . Or we could drop below and possibly see a bigger pullback. Either way I dont mind, if we go up more pips for us, if we go down then close positions with profit and possibly wait to buy in at hopefully a cheaper price. Keep your eyes peeled on its next move. GLIYF