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Here we go:
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I think the pattern is clearer in the OMGBTC chart:
www.tradingview.com/chart/CTSLKq3g/
www.tradingview.com/chart/CTSLKq3g/
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SOrry! This one:
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Here is the 4HR shot:
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Here is the OMGBTC chart:
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Alrighty, we are at the min fibo. We broke the secondary trend line...
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REMEMBER, ABSOLUTETLY NO BUYING UNTIL YOU HAVE A CONFIRMATION. This means looking for reversal patterns and having it confirmed with RSI. IF it doesnt jive with your chart, that also means you need a new plan.
Here is the OMGBTC perspective:
Here is the OMGBTC perspective:
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We are at the purple line. We also blew past the 0.618 again like it wasnt even there. RSI is diverging on the 15 min:
But the 1HR does not show a nice divergence yet.
But the 1HR does not show a nice divergence yet.
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We are now moving to the key fibo at $5.50. After that we will find the major trend line. :(
BUT BUT BUT!!! In the OMGBTC chart we are doing very well, relatively speaking XD XD XD
BUT BUT BUT!!! In the OMGBTC chart we are doing very well, relatively speaking XD XD XD
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New breakout confirmation lines
Trade ist aktiv:
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If you still wanna join the biig short :)
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We passed the 0.618 of the entire bearish swing. Interestingly, we did not hit the 0.618 in BTCUSD yet...I wonder how we should interpret all this data (*thinking emoji*).
Also, when I open leveraged shorts I get in with momentum and then put a stop at entry+commission.
Also, when I open leveraged shorts I get in with momentum and then put a stop at entry+commission.
Trade geschlossen: Stop wurde erreicht
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NICE OMGBTC THREAD:
Trade ist aktiv
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Nothing hardcore in the RSI yet.
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We could see A-C correction, then resume downtrend. Shorts should be closed if confirmation line crossed.
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Nothing until $7.34
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Still a downtrend...
Trade geschlossen: Ziel wurde erreicht:
Trailing stop ;)
Trade ist aktiv:
RSI is overbought and looks like a sell signal.
Trade geschlossen: Ziel wurde erreicht:
Sorry didn't update this. Closed at 8.50
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I'm back! Here's how you could play this out. We are at the sub-sub fibo resistance. You have the sub-fibo resistance above and a downtrend line, etc. I think market will reverse soon.
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WE've been hanging around here for a few hours. Turning around like this just after visiting the sub-sub 0.618 seems bearish. The other charts (OMG and BTC) look that way too.
1HR
15MIN
1HR
15MIN
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New thread:
