Longing the panic

Von f-73
Aktualisiert
Looking for a bounce.

3D Chart:

Snapshot
Trade ist aktiv
Long since minutes, at 4457$
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Good. Now set a SL and let it go.
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Bounce, rejection at 5000$, now forming a triangle.

Snapshot

Good luck.
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Tough. Bulls should try to recover 5000$ within a couple hours aor we'll have more sideways and headaches.
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Why?

A morning star desperately needed on 4H in order to later deal with 5500-5600$ key area. Failing here would matter.

Snapshot
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Again, set a TP or SL.
You're playing with fire here!
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I think somebody is methodically dumping, no idea how long it will last.
Look at the two previous clear rejections ate the 6000$ mark.
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They're suppressing bounces an at the right momenti they'll push price up.
Problem is we have no idea about their target low.

Awaiting 4H close.
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Morning star on 4H.
Evening star ( possibly) on 15M.

Snapshot

Hopefully we may have a second leg up later.
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Here we are, MMU / Cup & handle attempt ongoing.

Snapshot

For now it looks weak, but let's HOPE bulls have some volume up their sleeve.
Failing such an occasion would be rather bad.
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See also the templative ascending triangle.

There's all is needed, except strong volume.
So we have to wait and see.
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AGAIN: Remember to place a Take profit, you have already a +15% gain in your hands if you played this trade like me.Let it go, but don't waste all your gain in case things go wrong ;)
Trade geschlossen: Stop wurde erreicht
TP fired @8060$.

Amazing what bulls managed to waste here.
Hope you followed the above advice.
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Snapshot
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Trade was closed with an intraday 13% gain ( plus margin ).
Looking forward to next one.
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WTF?

Snapshot
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Looks like we're going to have supplimentary time.
Technically another way bigger ascending triangle is forming.

It's up to you, i'm tired now,
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So tired i wrote: " TP fired @8060$"
that's obviously 5060$, folks :)
Trend Analysis

Haftungsausschluss