Today guys i bring you my setup for eteherum.
I think it will keep dropping and bounce at 500-520usd for a bulls relief and bears tp to continue dropping to the low 400's forming an eve hopefully.
stay safe.
Classical charting only on #TRXBTC . Sometimes its important to not get caught up on fancy indicators. Simple wedges, supports, and resistances can draw the picture perfectly. STUDY THIS
I keep my plans simple. Chart patterns are my most reliable trading strategy. I consult the pattern first, then look at other indicators to see if they support my opinion of which direction it will breakout. In bitcoin's case, average volume is slowly decreasing. This is typical of patterns as price action narrows and consolidates. "The calm before the storm."...
Volume looks encouraging today. If close above wedge today, long entry will be available when tomorrows candle starts trading above todays high.
Happy Trading
After reaching the level of 0.00000314 the price has started a new bullish trend while crossing the FAST MA (EMA15), SLOW MA (EMA35) and HEAVY MA (EMA100). Also, the EMA15 is currently above EMA35.
Current bullish movement can be described with Elliott waves cycle, as the price has finined the 5th wave. 3 Elliott Wave reached the price of 0.00000458, after which a...
ADABTC - Long 4HR Chart - similar pattern formation.
Flat until the correction is over.
May drop a bit more.
Must see heavy volume increase before buy.
-Based on 'Classical Charting' we can see multiple possible trade opportunities. REALISTIC 10%+ Optimistic 30%
-We have also hit what I would consider the "the bottom" (around 50% retrace) So a possible 30% jump coming to the old support?
-I have placed a dotted line where we should have seen a bounce and where my first sell orderwill be placed.
-Does the extra...
BTCUSD - Entering the Buy Zone - This is an idea, a speculation on possibility. Not a projection.
Bitcoin could very well correct down further, we will need to see additional evidence for a buy.
Currently the case for a buy is 50% fib. Bitcoin has corrected 40% multiple times. It has bounced heavily off the 50 ema before.
The downside looks to be a head and...
