There are a few things to watch out for one being that the stoch rsi is at its peak as well as the cloud breakout has not closed above the cloud so actually wouldn't be considered a kumo breakout until it closes above the cloud. I look for an entry on the .618 fib retracement at 690sat which is on the chart attached. We are seeing good vol on this leg up so I would say that is an indication that we should see prices higher in the near future.
Here are some smaller time frame s broken down which you can see on the hourly we have broken resistance lines on price rsi and mac d. and looks like we are bouncing off old resistance which is now support if this breakout holds up
Adt is one of the coins that I have always liked and I believe it has a decent shot a being a good long term hold. But as you can see it has been in a long term down trend every since its run up back as btc was running to 5k and all the newer coins for ex neo, omg, qtum, iota, adx, san, mco. And I just realized as I was typing these names and trying to remember which ones ran up at that time currently qtum iota san mco and adt are all pushing higher as we speak. Strange ? coincidence? I think not... this market is very cyclical and trying to understand these cycles is very beneficial in my opinion. With that being said does anyone have any information about market cycles? trying to do more studying and understaning how to trade them. Any information about how to analyze them or websitesI could look for information about market cycles or sector correlation would be greatly appreciated. I am also wondering if there are any indicators that help identify cycles or can help me trade market cycles better.
Adt is one of the coins that I have always liked and I believe it has a decent shot a being a good long term hold. But as you can see it has been in a long term down trend every since its run up back as btc was running to 5k and all the newer coins for ex neo, omg, qtum, iota, adx, san, mco. And I just realized as I was typing these names and trying to remember which ones ran up at that time currently qtum iota san mco and adt are all pushing higher as we speak. Strange ? coincidence? I think not... this market is very cyclical and trying to understand these cycles is very beneficial in my opinion. With that being said does anyone have any information about market cycles? trying to do more studying and understaning how to trade them. Any information about how to analyze them or websitesI could look for information about market cycles or sector correlation would be greatly appreciated. I am also wondering if there are any indicators that help identify cycles or can help me trade market cycles better.