Very nice looking 4h chart. Looking for entry soon. I wish it looked this good on the daily timescale as well. Bullish Divergence on both oscillators, bullishly diverging within latest MACD island, Falling Wedge now really well defined. I have very high hopes for this one.
Comment:
I just realized the chart looks quite similar to DOGE except DOGE is a step ahead and already broke out of the consolidation.
Target on DOGE 75c and $1 for similar returns to this trade setup. If one was to play this potential breakout it wouldn't be too insane to buy both as a hedge, from TA standpoint they are nearly identical.
Target on DOGE 75c and $1 for similar returns to this trade setup. If one was to play this potential breakout it wouldn't be too insane to buy both as a hedge, from TA standpoint they are nearly identical.
Comment:
Looks like ETC might be attempting a breakout already.
Comment:
Breakout confirmed, perfect entry if we get a successful backtest of the structure around $90.
Comment:
Heading for that $90 wedge backtest. Let's hope it holds and we can enter the trade.
Trade active:
ETC looks so strong right now this might be the closest we will get to a real backtest. Opening part of my intended position here.
Trade active:
Added to my position, I believe we are ready for takeoff!
Trade active:
Added to my position here, had to loosen the stop loss a little bit but I was OK with that because we are still above the original structure we are trading here. I count this as a backtest of the wedge that finally happened, still extremally bullish on this asset. Note Hidden Bullish Divergence continuing to develop on daily timescale and how little negative momo we got on 4h showing a lot of strength with bullish convergence on both oscillators on this higher low. I wouldn't want to see us going any lower than that but I think that BTC hit strong support at 42k and should allow this trade to finally play out this week.
very pretty chart, just requires some patience