Picked up some ALGO right at the pivot point. Accumulation is healthy. Could be the chain the US gov uses for it's digital dollar according to Bitboy. No confirmation of that yet but I've heard Algo has ties so who knows. Stop loss just under the pivot.
Positioning for upside break over the downsloping trendline. Watch for confirmation of reversal when the +DMI (green line) on the directional indicator breaks over 20. Stop loss 312ish
Very big W pattern. A break out over .02 cents would be very nice indeed. Notice the Volume spike and hold since early March. Weird to anyone else? Why no dip in volume? Explanantions welcome. Eyes on .02
After a long consolidation (relatively speaking) it is time to re-enter ADA. As always, it's usually best to scale in with several entries rather than an all in bet. Parabolic Sar, Fisher, already have confirmed the reversal to bullish. MACD and Directional are close but haven't confirmed yet. Convservative traders should continue to wait for those to...
Signs pointing to a favorable re-entry into Bitcorn. Full confirmation happens when the +DMI line (green line) breaks over the 20 line I have drawn on my chart above. Stops set just below support at 45,500
63 is the number to watch and will signal the return of Bitcoin Dominance if broken and held. If so, consider taking profit on alts or at least "getting smaller".
This is one of the few altcoin gems I like. Named Marlin because a Marlin is the fastest fish on the planet. Thanks to Mr. Kristoff for the heads up on this one. You can stake this on Stakely.io and get nearly unbelievable returns. A 5k stake at the current 111% rate is about $500 per month in interest. You find anything better please let me know. Check it...
Range break on DOT on decent volume. Better volume than Eth's breakout at least % wise. Look for a pullback to 18.54ish to act as support. If so, load the bag there. Or dip in with a small bag here and load the rest on the pullback. Ur call. Stop loss at the pivot around 16.50
Historical volatility has dropped to levels not seen in quite a while. Bulls and bears have reached a stalemate n this 4 hour time frame. Price is at an "interesting" level....as opposed to a "critical" level which all the youtube degens will spew. TA is for formulating a plan and reaction when levels are hit or crossed. TA is not for prediction. Take...
As with my Ethereum post just now this is an entry opportunity. Although price has reached this level several times notice the MACD lines are getting less and less distant from the zero line. Suggests the sellers are running out of testosterone. Not saying to go balls deep at this level but a scaling purchase seems like a higher percentage move with stops...
Another entry op has presented itself. Intersection of pivot line horizontal support and trendline support. MACD hist bars favorable in this time frame. Stop loss under the pivot in case more emotional foolish people continue to sell.
Looks like a good area to start scaling in long positions. AO indicator pointing up. Historical Volatility printing a yellow bar. 116 day bull run - 116 day pull back consolidation. Markets like symmetry. Stop loss just under 30k in case things go tits up.
For short to intermediate trade the trend is bearish until price is back over the pivot at 36k. Long term the trend is still bullish unless price breaks major support at 30k on increased volume and holds under that level. Bitcoin has to average approximately +204 points a day to reach 100k by the end of the year. Likely?
If you are going to BTFD now would be the time. As with ETH you have the bullish Fisher Transform cross combined with a ParabolicSAR reversal. An Awesome Oscillator green bar print should be forthcoming to confirm. Since there are no guarantees in such matters a stop loss just under $30k is prudent in case the trend turns to pooh again. Listen to the math...
Playing strictly by the TA, an entry op was signaled on the Parabolic SAR shift combined with the Fisher Transform bullish cross. A green bar print from the AO should confirm. Stop loss should be placed just under $900 if things go tits up. Love that phrase! :-)
I told ever one of my subscribers about this awesome play before it even had it's fair 50 day launch phase. Now it's only been trading for 8 days and it has over a 300% return. There is still plenty of time to get in. It only has just over 10,000 investors. It is already the 3rd highest pair on Uniswap, which is the largest exchange in the world. It's...
For those who have asked what indicators I prefer the most. I scan many indicators and have multiple chart "favorite" setups on trading view. Among the chart setups I view the most is the one above. Simple and effective. Works in all time frames. Choose the time frame you are comfortable trading and have at it.