Price ranging in between liquidity zones give you clear areas for entries, as you can see price is on its way down to the green zone which is a strong area of liquidity, we can expect a fake move to the downside once price hits this zone which will pick up peoples sell orders right before price reverses and heads back to the upside.
Look at charts from different...
10/May/2019 12:48 PM
market in interesting conditions rn
so who knows what this will do. And Ive also never been able to do anything right with the financial stocks.
but. RR is considerable here if the stock can trade in range here.
XRP / USD TA
From a quick TA we can see that we are sitting on a 700 + LONG DAY TREND LINE which is also being used as support. Within those 24 month, it has never been broken downward, instead we constantly see bounces occur off it as well as immense consolidation can be seen here.
What should we look forward to?
Bounce. That's simply it, the TA indicates for...
8/May/2019 09:50 AM
Trin is below 0.7. Tick is positive. Market is holding.
Potential area for one to consider buying the dip. I will not be buying this dip however. I dont understand the current macro climate enough.
When in doubt stay out. But learn what you can from what you see.
If we do close negative for the day would not be a good sign.
Good day Traders
Bitcoin has been battling with our DMA50 resistance, is now printing hidden bearish divergence on the daily, and we have potential for bearish DI cross looming.
The recent short squeeze managed a 38.2 fib retracement after our drop from our 24 December swing high, so I have a 168.1 fib extension target of $2780 if we fail to get above DMA50....
Same set-up as my other post on the Weekly, but this is Daily.
1- We have a strong level
2- We have divergence
3- We have heavy volume picking up compared to the previous volume
Notice how price moved back to the Weekly open at 7000 area yesterday.
Bitcoin is not immune to charting. It is very volatile and can move, but charting does show fear and greed at...
I was doing these kinds of trades in early 2018 before the coin market tanked. Works great in high volatility. Don't be scared to catch a falling knife with the right research and patience.
1- Find a level - multiple confluence of levels are best
2- Look for divergence for possible change in direction
3- Look for higher volume bars compared to recent preceding...
16/May/2019 11:25 AM
RR based long idea here.
Likely hood of this working is very low, given the absolute lack of strength in the sector and this name.
EV/EBITDA valuation on the low end here as well.
Could get a small move to the upside here with a small hold timeframe in mind.
If momo is to follow through here wouldnt be a bad place to put on position with the risk defined.
Above the second purple level is constructive for a retracement higher.
Energy sector has been a horrible sector to put your money in for some time though.
ADA/BTC is overdue for a bounce I believe.
We can see some nice bullish divergence on the higher timeframes.
If the resistance around 1370 sats breaks and acts as a support, I think we might see a retrace to the 0.382 - 0.5 fib levels.
Bitcoin might ruin the party if it drops below 5300$ though.
UNDER DOG GOTTA HAVE DIP TO GET THE BONE.
in all honestly just would rather have some rep to post some respectable comments and posts so we all can enjoy the charts
but sometime you gotta do what you gotta do.