Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) Indicators used in this forecast are PRO Sinewave & PRO Momentum. You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil
If you want to learn more about the basic rules to trade with my indicators here's the educational video link :
Operación activa
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No need to tell what I just did... Short entry made, Stoploss placed above the Sinewave maximum target. The signal got confirmed just as expected :
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Reaching first intermediate support signal. Sinewave triggered a TP cycle confirmed by Momentum. I just took 25% profits, which will pay for my stop loss. I'm now out of risk on that trade ! It's a win-win situation here !
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TP signal on Sinewave is still pending (and it actually disapeared when I took the screenshot !!). I may have acted to fast, but that's to take profit ! And taking profit is never a bad decision ;)
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Just for the transparency.. Now the candle is closed and the signal is valid ;) We now need to see this support broken to validate the bearish trade. Still in speculative area for now. But the stop is now paid for me. So there can be no loss !
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Just shorted again with double the TP amount (stop is still paid by the partial profit)
Operación cerrada: precio stop alcanzado
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OUT, bulls are taking over this price area. I'll wait to have better prices but still remain bearish on this asset
Hey man, thanks for the analysis. Although I'm a HODLer and a total bitcoin BULL I still kinda believe the bearish trend can last a while longer. I've got a question: it feels like you prefer to short the market. Why is this? Is it easier/less risky? Cheers
PRO_Indicators
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@Shmalick, Far less risky to short at the moment. Though this market can reactivate bullish in long term. I intend to reverse bullish at some point. Shorts are just because this is the current trend. I'll buy when the time will come !
Zebre_Trader
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Loved the video thank you. But what do you think of it ? There isn't enough sell pressure compared to buy pressure. It's incredible these 3 days, you see the red candles getting tighter and tighter. Do you still we're going down?
PRO_Indicators
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@PattyMcPat, From what I can see the buying pressure is very week.. we exhausted an entire daily bullish cycle not even managing to break a resistance ! If bears take over again, we'll very likely push below the current
zpact
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Always learn from your video. Can you please make a review video on XRPUSD when you have time as well.
PRO_Indicators
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@zpact, Eventually when I'll get back from vacations ! Cause it's basically meant to get some rest ^^ But a trader never stops right ?! Anyway remind it to me in a week and I'll consider it