Im taking a big risk and im not too confident about this move/position, however if inverse head and shoulders will play 7400 is reasonable target, Nice risk to reward ratio.
im willing to take that risk now since i made good money shorting from 68's and closing at 6270 and im just having fun with it now, i keep close stop at 6050 and i will get out of alts than as well.
Thank You !!
Commentaire
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My longs went in in perfect spot just like mentioned in video. We got some reaction and it looks good for bulls.
We should see some bull pattern formed in next few days, hopefully we will test 68's and visit 74's
Next few days will confirm if bulls strong enough, good luck all !!
Commentaire
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People asking if I still think we will hit 74’s. It is possible, if we keep testing 68 resistance.
first we have to break 65’s and it will be hard I don’t think bulls are strong enough to do it.. but if we will, we might have nice 2 weeks of uptrend.
There is a lot of “IF’s” but that’s how Market works, collecting data and react. I wish I had a crystal ball and tell you all.
As you guys know I’m not here to pump my calls, I’m here to educate and share my view, use it wisely.
Good Luck !!
Commentaire
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Just took profit at 6200 I’m out
Commentaire
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everything seems so crazy, exchanges are lagging, coinbaise announcement when btc was dropping, big walls on some exchanges wtf ?
This might be big opportunity to go long, but i took my profits and will watch. I do not risk in times like this, this is pure gambling.
Commentaire
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BTW my first small short is in at 7510, starting build position, im hoping for 1 more leg up. all longs closed now with nice profits.
@gregloren1 you are a complete idiot. Have you read a single book about charting patterns? You need to wait for the inverse head and shoulder pattern to COMPLETE before you buy in. Buy in at 6800 like everyone else and ride the measured move to 7800!
derptalion
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@Three, That's why he explained it was high risk and its practically gambling going in here. You dumb piece of shit.
tmtradingglobe
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@derptalion, what have you done in your life, Mr Perfect boy
@Three, I have read many, never stop reading . I made money 4 times already before pattern complication. There is many ways you play/trade.
You can wait weeks for completion, I’ll make money in between, and when pattern plays out.
About “complete idiot”... I won’t even comment.
TheFomoKing
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@gregloren1, ignore rude people. They don't deserve anyone's attention with that kind of attitude. There are kinder ways to speak to one another.
bruenor3
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@gregloren1, Dont even bother with that guy mate.
p2hku
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@gregloren1, I like your TA videos and your style. I always watch them and try to learn. I also didn't wait for the pattern to complete but was in way before that. My thesis after 6400 broke was that we will at least test 6800 and I can close my position of the iHS does not play out. I agree that this market is crazy, it went from depression to euphoria in a matter of days. This ETF talk is creating big FOMO.
LtCmdrData
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Good video thanks
cyberluck
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btw, BTC is pure gambling. I get reminded of it. we all try to guess a baked in pattern and the pattern will resolve itself with or without all of us.