Quote from: rebal15 on October 08, 2019, 06:51:00 AM

Quote from: teosanru on October 08, 2019, 06:38:35 AM

A quick Scalp Opportunity for today

On 5 minute chart we are in a sideways channel. Breaking it on either side could cause a lot of movement. So here is a great opportunity for short term traders. If btc breaks below 8200 we are getting a death crossover and also MACD Crossover and we are then going down towards 8050-8100. So you can short somewhere around 8195 and target towards 8100. It can be a good profit with some leverage on. Instead if BTC tries to move upwards in such scenario the 50MA would give a curvature upwards then buy above 8250 and target 8360 and 8400. The Stop loss should be on the other edge of this sideways channel. If you shorting SL would be 8250 and if longing SL would be 8200.

FYI, most people in WO are not interested in 5 minute charts. Daily and weekly charts only.
Ask JayJuanGee for more infos.

I understand this pretty well. But the thread is bitcoin price tracking and it's definitely no HARM in providing certain people an opportunity to look over the 5 minute chart and find some opportunity to trade upon that. Moreover OP clearly states that any type of TA is welcome until it's neatly done. So I am just trying to help the folks with my TA. If JayJuannGee Specifically says that short term speculations are not welcome I will surely ponder over his advice and try posting only long term analysis