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Alice

ALICE/BTC - SHORT TERM SCALP SETUP! [High Risk]If you're like me, you're waiting to scale back into BTC and ETH, and are trying to take advantage of the recent volatility with some short term trades. One way to kill 2 birds with one stone is by trading ALT / BTC pairs. Not a bad way to accumulate on the way down, if you can time it right. BTC loves to do the opposite of what you and the rest of the herd expect. I think people are banking a little too heavily on the pennant pattern BTC has been ranging in, and we may be in for more downside before the weekend is over. I could be wrong, in which case I may get stopped out of this trade before you even see it... But hey, shooters gotta shoot. what else am I supposed to do at 2am on a Saturday night ;) Anyway, chart explains my thinking here. The trick is to spot short term reversals early enough to catch some upside. But In this case, ALICE is trying to break out from a rising wedge (typically bearish pattern), which can lead to parabolic upside IF it's confirmed. A big green volume spike some hours ago and low selling volume since then got me feelin bullish. We'll see if BTC cooperates. Use stop losses on every trade in these conditions. I know I've been quiet since the big dip... I'll try to post more of these. happy trades, CD
ALong
by cryptodonovan
ALICEBUSD (ALICE) - BULLISH SETUP ANALYSIS 🔎 - There's a potential formation of the bullish inverse head and shoulders (IH&S) pattern. - Price hit a swing high and retraced (right shoulder formation). - Price is testing the horizontal support level (S1) and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone. - The minor retracement at the right shoulder is resisted by the descending trendline resistance. - Breakout above the descending trendline resistance could lead to the test of inverse head and shoulders neckline resistance (complete formation of the inverse head and shoulders pattern). - Further breakout above the inverse head and shoulders neckline resistance could be a bullish confirmation. BUY ENTRY ⬆️ - Breakout above the descending trendline resistance. - Retest of the descending trendline resistance after the breakout. TARGETS 🎯 - Horizontal resistance level (R1). - Neckline resistance (NR). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Initial invalidation : breakdown below 0.786 fibonacci retracement level. - Final invalidation : breakdown below previous swing low horizontal support level (S2).
ALong
by Chibuike_Odoh
$ALICE/USDT 12h (Binance Futures) Descending trendline breakoutMyNeighborAlice broke-out bullish then pulled back progressively forming a falling wedge pattern. We are still expecting some more retracement down retesting the TL and 50MA before next leg-up! Current Price= 13.291 Buy Entry = 12.433 - 11.629 Take Profit= 15.168 | 17.629 | 22.774 Stop Loss= 9.517 Risk/Reward= 1:1.25 | 1:2.23 | 1:4.27 Expected Profit= +26.07% | +46.53% | +89.29% Possible Loss= -20.90% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 1 month
Long
by TradingOn