Blackhole-Trading

Blackhole-Trading Updated 

The blue downtrend line has been a strong resistance for BTCUSD since it started to go down after its ATH. The price bounced back twice after hitting this resistance. But now this downtrend line has been broken. Is it a legitimate breakout or fakeout? The RSI is still below the resistance line. And the price is now hitting the upper band of BB which will act as...

Blackhole-Trading Updated 

Symmetrical triangle being formed on 1H EBSTBTC triangle, which is a continuation pattern 75% of the time. There is also hidden divergence on the RSI oscillator (depicted with red trendline). Also, RSI seems to be breaking out of the downtrend line (depicted with blue trendline). EBST is looking bullish to me. However, we must wait for the price to break out of...

Blackhole-Trading Updated 

VENBTC seems to be in a rising wedge. The last two times this pair was in this pattern, there was a downfall once the pattern was broken from the downside. Pending orders for short positions can be placed around the 0.00043000-0.00042500 level. Or you could wait until the pattern breaks. Profit target could be 0.00035000 level. Constructive criticism is welcomed.

Blackhole-Trading Updated 

Falling wedge. Price currently at the bottom of Bollinger Band. Stoch RSI is oversold. RSI is showing a bullish divergence. I can see two support areas. The first one is marked with orange and the second one is marked with yellow. A safe trade entry could be once the falling wedge has a breakout. I took a risky chance and already entered the trade. My SL would be...

Blackhole-Trading Updated 

XVGBTC is in a falling wedge on a 4H chart. If there are not any more bad news for crypto, some gains can be made once there is a breakout. The last candle closed outside of the first falling wedge (marked with dashed lines). If the current candle also closes outside of the wedge, I believe that would be a breakout confirmation for this first falling wedge. It is...

Blackhole-Trading Updated 

I'm seeing an ascending triangle (which is bullish) on ZENBTC on a 30m chart. Stochastic and MFI showing oversold conditions indicating a reversal. MACD will have a crossover if the next couple of candles close green, giving us further confirmation of upward movement. My entry is while the price is closer to the lower line of the triangle and exit will be closer...

Blackhole-Trading Updated 

An ascending triangle seems to have been formed here. A quick 10% profit target trade can be made buying between .00007000-.00007050 with a sell order just below the upper horizontal line of the triangle. This can ensure your 10% profit in case the price falls back down after hitting the resistance. If the price breaks out of the triangle then it can go further...

Blackhole-Trading Updated 

TRIGBTC is forming a nice falling wedge on a 2H chart. A clear RSI divergence can also be seen (orange trendlines). Stochastic is below 20. MACD crossover may be possible in the next few hours. I got in at .0002372 and set a sell order for a 10% gain at .0002609. To be on the safer side, long trades can be placed once there is a clear breakout from the falling...

Blackhole-Trading

Descending triangle indicating a continuation of the previous uptrend. MACD hinting upward movement. RSI trying to break the downward trendline. Once the triangle breaks on the upside, buying can be done at .00059000 with a conservative 10% profit target at .00064900. And a second target at .00080000 (previous resistance). Criticism welcomed!