Regarding BCHUSD, we are still clinging onto the ascending pitchfork channel. MM took some of my sell-stops, which is fine. We just need to wait for the next move...
I think it is important to keep watching the top 5 coins, at the moment we are in a wedge. It's slightly descending thus seems more likely to break south.
:D @ex-cre-ment interesting analysis. @DashCunning-banned is that some kind of Elliot Wave? Sure, if we go down we go down, stops will save your ass from losing too much $$$
.. also worth mentioning my experience is limited to trading crypto markets. If you have any questions post here under Trading topic and will try my best to help! Have a nice day
..and you will improve slowly. It took me about a year to get a base level of competence and i still have a long way to go before i consider myself successful at any rate..
..at trading. I was lucky enough to have support from experienced traders as i got better. Therefore I'd recommend you join as many communities as you can that you feel comfortable in..
..gives you access to all sorts of markets. Having said that, it is still only a tool and not a means to learn the art of trading directly. However, the more you learn to chart the better you get..
Tradingview has a lot to offer. It visualises your plan - which you set out based upon all the information you have available to you. Tradingview has a free membership program and..
3) average short position is right on the local POC, underneath we have very thin price volume so if we get here I think it's gonna dump quit hard and find support somewhere between ~$730 - $700
sell stop justification - 1) stop range starts just under last low 2) average short position is right on the last supporting fib support of the pitchfork
MM pinched all my buys so had to reset my shorts to factor in new crypto. Price is still deciding so this was a risky play,therefore new shorts in tighter range ~$801-750.
@Fabiola Stephanie, setup a free tradingview account and learn how to view charts and create your own. When you can read a chart you can choose when to buy and sell