Target at 0.618 fib. Also creating a 'W' on the 4H confirming uptrend scenario. We might touch 13000 sats but I prefer to be conservative. Keep securing profits along the way and/or raising stop-loss to ensure exit in profit even if the setup breaks down.
Any altcoin trade is a high-risk trade until BTC decides direction and TFUEL dumps faster than any other. G'luck.
Trade closed manually
⋅
Ascending triangle forming on the 15m. A bearish signal. Not enough volume to push us past the resistance at 11660-11800 sats.
Comment
⋅
Might have broken out of the wedge. Waiting for retest to enter again.
Order cancelled
⋅
Yeah, no. We are breaking down. Not enough volume. Looking to enter into BTS/ BitShares. TFUEL isn't inspiring confidence at the moment. Maybe once we have broken past resistance or revisit 0.382 fib or 10400-10800 sats and build support.
Comment
⋅
Are we breaking down out of an ascending channel? Are we forming a bull flag with target at 12000 Sats which is coincidentally the top of the ascending channel? Let me know what you are seeing. I am not in the trade. Maybe re-enter on breakout of the bull flag.
Trade active
⋅
Comment
⋅
Hoping to see the bulls charge in any minute now.
Comment
⋅
11300 being tested as support, if it breaks, 0.236 fib is the next stop. Revised target to <11800 sats which is a strong resistance zone and I am not seeing the volume yet. I am a conservative trader and will happily accept a 2-4% return in matter of few hours.
Comment
⋅
We go up, we go down. Think we will be bouncing around for another hour before we have clarity. BTC is going up and a rising tide well.. here's hoping.
Comment
⋅
Comment
⋅
Bounced back from 99EMA. Target still <= 11800 sats. 11400-11800 is a strong resistance zone, keep raising stop loss and secure profit. Adjusted the trend lines.
Comment
⋅
Tfuel really testing me today. Reminder to self- 1. Do not FOMO into a pump. 2. Do not indulge in revenge trading.
Comment
⋅
BTC volatility messing with my trade setup. In the red for the day. As for BTC, I think we will form a double-bottom on the 1H, hit $11750 followed by a major sell-off.
Comment
⋅
Make or break moment.
Comment
⋅
Charting a nice W pattern, expect to reach our target at <=11800 sats in the next 3 hours+/-. I think we will bottom again touching the channel and then continue rise to our swing target at 13000 sats over the next 12-24 hours. Anything can change any time and I will update as often as I can.
Comment
⋅
Above scenario might not play out and we might be heading straight for 13000 sats. Start taking profits from 12400 sats. Volume is really low which means a big move is coming. Ignore the messy chart, was doing a macro analysis. We are looking extremely bullish for the upcoming bull run with a target of 19000-2000 Sats in the mid-term and headed for moon in the long term.
Trade closed manually
⋅
Going to cut my loss and exit this trade for now. Breaking down out of the channel, probably revisiting the 108000-10400 resistance. Will buy in again at the dip in a few hours. Headed into a juicy setup on Blockstack which I have been tracking for a few days.
Comment
⋅
I am watching this right now. Will enter on channel break and confirmation. Rectangle marks strong resistance zone and support will likely form here. Update when I re-enter.
Comment
⋅
Comment
⋅
Consolidating sideways since we broke out of the channel. Volume has decreased to an all time low. A big move is coming, will it be to the downside to our long-term trend line or will be upside to the 11800-1200 resistance?
We can only wait and watch! Do not enter till trend confirmation.
Comment
⋅
I think we are right at the bottom of one 'wing' of a W before a major move. 10500 is support at the moment but being tested and I think it will break and we are going down to 10400/ test our midterm trend line. Update with a new idea when a setup presents.