Tight like a tiger here. We are going to be seeing a move soon! The daily trend is suggesting up so long as we hold EMA support.
Im looking at an hourly scalp right now and will come back to a potential swing here on the daily. So long as we keep alt bull momentum market wide this will run nicely.
Im looking at an hourly scalp right now and will come back to a potential swing here on the daily. So long as we keep alt bull momentum market wide this will run nicely.
Riding the EMA here and seeing a stretch higher with ETH and BTC dominance backing up the alt rally. Daily trends potentially changing to the upside across the board.
Welp just like my last post stated, we had plenty of room on the daily to drop down to support. While I was hoping for a breakout upwards, we did drop out and have find some EMA support on the daily. Hourly on the left is tight right now and primed for a move.
Hourly tightening range setup with a daily breakout off support. If we are still in a bull market, this could keep breaking out upwards instead of pulling back! HOWEVER!!!!! There is alot of room for a pullback on the daily chart (right). Any leverage traders will be forced to sell/liquidate on an hourly break downwards as it will be a double digit % move....
This very well could just be a relief bounce straight up the EMA, but there is such a nice gap between here and that EMA. its worth the risk off this level. POC and price support holding price up currently.
Immediate bounce here at this POC after quite some time playing at the downside. With BTC on support, I can only hope it confirms, or consolidates further on its support instead of dropping, to allow these alts some upside room. Risk is tight in this area.
This is the 6th test, or more if you want to count the individual candles, of this hourly resistance. We will be seeing a breakout or breakdown soon.
I am hoping to see this follow alot of other alts that have been making attempts to the upside. I have to see a nice volume candle to get on the train though. With this being an hourly chart, If I do see a breakout, to the upside OR downside, ill shuffle down a few timeframes looking for scalp trades in that same direction.
Watching the hourly for a breakout further north off this EMA. Risk is clear with a stop at the bottom/under the consolidation batch of candles to the left. An EMA break here would see a pretty gnarly move down, so be careful, use your stops and move em up.
Using the new volume candles from TradingView which are absolutely amazing. We can state some simple facts. We are currently in a zone where previously, fat candles have formed at this zone. I am expecting another fat candle, hopefully to the upside out of this zone. HOWEVER! I will play to the downside as well. This is a tightening range, and a breakout is...
Looking higher after seeing this nice candle break over the EMA after testing a longer term support. Accompanied by volume (fat candle) and declining volume on the way down (thin candles) this is nearly a text book bull flag.
Hourly plays here that could transition to days. The EMA has held strong on this bull move. Buyers stepped in to move price, and sellers faulterd. There was not much of a battle here at all this time.
With many other alts already breaking out of their lower time frame supports 10-30%, a laggard has been spotted.
Watching both ways because resistance has held this entire tightening range. Big breakout incoming.
Pretty clear trends on the lower timeframes right now, tightening up in a nice wedge on the higher timeframes. I am scalping these hourly moves down and up but keep a close eye on that HTF support we may be running to next. I will be flat while the market decides its direction. Because that will be big move, i'll have plenty of time to catch the meat of that move.
We are on a clear support level. The weekly 12 ema. Its clear because we can see 3-5 weeks testing this level and bouncing. However, the bounces have not sustained. While I love the idea of HODOR from game of thrones keep that door (12ema) locked down and a lovely idea of seeing a support bounce to new highs here......the walkers made it through. And according to...