Richard Temple
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TA | Market Thoughts

Owner: @Richardily

Twitter: https://twitter.com/Temple_Crypto
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Richard Temple
🍁 #BTC On small time frames we can see two clear patterns - Head and Shoulders, inverse Head and Shoulders. Question time! Where is the local priority? The answer is rather simple and logical! If the price absorbs the level of 47k, then the priority becomes…
🍁 #BTC Conclusion from the general perspective"

Bitcoin is undoubtedly in the bullish market. Everything points to the price going to 60k - 70k. If the price goes down, then it is a reason to increase the position right up to 38k.

On altcoins it is profitable to open positions that might increase the amount of Bitcoin. You can trade with leverage paired to the dollar, in that case the amount of dollars will increase more, than if they were just being held in Bitcoin.

https://twitter.com/Temple_Crypto/status/1368215497305698305?s=19
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πŸ€– #SXP Dammit, we are going to be late for the train!! The price has already broken through the resistance.

Buying for the market price + placing an averaging order on the retest level!

https://twitter.com/Temple_Crypto/status/1368452536517165059
🚑 #DUSK Buying to hold! + will buy more on the support of the ascending triangle

https://twitter.com/Temple_Crypto/status/1368483877065474049
Forwarded from Richard Temple
πŸ›‘Let’s talk about Stop orders.

● In the most cases Stop orders are soft(mental) when you trade #BTC, #ETH or Altcoins on your setup timeframe. It means that Stop order actives when the candle closes below the level of closing transaction. Then, the position closes when the price return to this level. By the way, it would be better to set an alert on the stop order level on TradingView.

● For example, there is a BTC setup. In case of the daily UTC candle closing below the stop level, you should wait for the price came back to the stop and sell your active there.
or
● You see an Altcoin setup on 1H chart. In case of the 1H candle closes below SL, similarly, you wait for the price came back and close the transaction.

● Thus you will be insured against hunting of Stop Losses. Most of the time, the market gives an opportunity to close a position without a great loss. It’s uncommon that the movement is so strong and you are forced to fix a double loss. However, it minimizes fake hunting of SLs. In sum, using soft stop order is more efficient strategy for a long-term trade than the hard stop orders.
Richard Temple
🍁 #BTC Going upwards, the absorption of 47k did not occur, more than that - we saw a rejection! This is definitely reason for long! Hold Bitcoins - this is profitable! https://twitter.com/Temple_Crypto/status/1368512609608232960
🍁 #BTC The absorption of 50k has occurred. The breakthrough of the neck level at 52k is left.

For now the price is being traded above the important support of $49450, the absorption of which, with it being traded downwards, might cause the inverse H&S to break and also might bring the continuation of the flat or even cause the price to go down.

https://twitter.com/Temple_Crypto/status/1368828430553407489
πŸ—» #BAT I see a retest of the broken through resistance! Buying!

https://twitter.com/Temple_Crypto/status/1369183427921145862
🧻 #YFI has broken through the descending trendline and then tested it from above! Looks good for a long! Buying!

https://twitter.com/Temple_Crypto/status/1369212040615714818
Richard Temple
🚑 #DUSK Buying to hold! + will buy more on the support of the ascending triangle https://twitter.com/Temple_Crypto/status/1368483877065474049
🚑 #DUSK is going upwards! It has already broken through the triangle!

The price is high and short-term targets have not even been reached yet! Moving upwards!

https://twitter.com/Temple_Crypto/status/1369313511000731653
Richard Temple
πŸ—» #BAT I see a retest of the broken through resistance! Buying! https://twitter.com/Temple_Crypto/status/1369183427921145862
πŸ—» #BAT 1st target acquired, bringing +13% profit with x3 leverage, and then a rollback to the BE area followed! A sort of image forms similar to the bullish flag.

Does not look great, but I will hold for now with a stop under the low!

https://twitter.com/Temple_Crypto/status/1369597428844945408
Richard Temple
🍁 #BTC Whoever entered following my recommendation has +8.5% to the deposit! Right now it's profitable to buy in the area of the red line at about ±52500. Moving to test the high at 58k! https://twitter.com/Temple_Crypto/status/1369551893081522177
🍁 #BTC The price is already +9% in profit. Currently we have a support level at $54k, above which buying should be prioritised! If the price absorbs this level and fixes below 54k, then we can expect a movement towards the retest of the neck at $51500.

Right now the target is $58k, afterwards the priority switches to absorbs the ATH, followed by a continuation to $60k+.

https://twitter.com/Temple_Crypto/status/1369922717911293963