Dion_Dimucci

Dion_Dimucci Updated 

Hi everyone. I’m a noob trader giving you my take on the market. As you can see btc has bounced off that pink trendline many times. Currently its falling to confirm it as support, which is promising. It had strong weekly divergence that caused a strong sell off but as you can see it is currently about to test the rising weekly RSI trendline. This is also...

Dion_Dimucci

This could be a nice set up for an XRP breakout long position.

Dion_Dimucci Updated 

BTC seems to be currently consolidating above the long-term pink trend line, it'd be surprising for it to break down below that. Instead, it may rise further from here instead of going down. Heres a close up of the pink trend line holding it as support--> P.S. im a noob, just posting for fun

Dion_Dimucci Updated 

No weekly rsi divergence, crucial trendline hasn't been hit yet, horizontal level of support hasnt been reached etc. also forgot to mention no capitulation sell volume spike

Dion_Dimucci

Potential margin long setup. Seems pretty straight forward. Heres bitfinex:

Dion_Dimucci Updated 

Needs to hit a stronger horizontal support for Poloniex, bittrex as well. Bittrex~

Dion_Dimucci Updated 

Needs to hit that trend line IMO

Dion_Dimucci

As you can see on the weekly and when in the daily, there is literally no support until that blue line, its in no man's land.. therefore eventually i feel the alts will drop majorly until they can make all time highs. Probably a large rally then finally a big dump.

Dion_Dimucci

I'm using Siacoin here as a representative of the crypto market as a whole since it has one of the longest price histories for an alt coin. Keep in mind, I'm no financial guru, just your average dude looking to get in at optimum times. However, although it seems odd that it could happen, I feel as though there is an enormous amount of room in the chart for a...

Dion_Dimucci

EOS consolidating and may brake out of its down head resistance line If you are confused of the price action of BTC or more importantly aren't in BTC, this can be a good alternative

Dion_Dimucci

Expecting minor bounce here. I'm choosing eos since the chart is the cleanest. A simple breakout trade on bitfinex and can be applied for bitmex as well. Buy stops: 0.0012970 5-10x leverage. As for the EOS/USD pair:

Dion_Dimucci Updated 

My previous predication in terms of price action was correct, however I'm not too convinced it will bounce here. I'm hoping to short BTC on the retest of the consolidation triangle and hopefully riding it to 5k.

Dion_Dimucci Updated 

1.) The Daily RSI hasn't been retested for divergence 2.) We bounced from 7050 without a retest 3.) there is still room to fall within this symmetrical triangle 4.) Low volume push I'll be shorting in this general area