Quant has been consolidating in an ascending triangle since it started trading. It checks a lot of the conditions I look for before opening a positon with a trend-following strategy. Once trigger condition is met, I reassess current market volatility to figure out if the risk:reward is favorable to grant opening a trade. Time to pay close attention.
I wasn't a big fan of this trade when I entered, but the idea was solid enough to warrant a position. That said, price action has been rather good for us. Price has bounced off decisively from our entry price. Given my overall outlook on ALTS I expect price to continue much higher. Again, this is a situation where mi position should have been stopped out given...
Compared with what other alts are doing, I am not a big fan of XRP's price action. That said, price has been creeping back up to that critical S/R level at around 3325. I am extremely proud of being long XRP and not shaken out after such a massive 40% move in BTC. I have a feeling most people got stopped out. The key is entering early after a range breakout. The...
I am not a big fan of waiting for a correction (weakness) when entering a trade by applying a trend-following strategy. I wanna buy strength and sell weakness. Nevertheless, given the overall alt/btc market, it makes sense to wait for a retracement and take this 1 to 5 risk-reward ratio trade. The reason why I wouldn't enter a position after the initial breakout...
Very clear breakout from a 400+ days established range. Significant S/R flip. Position opened. Might widen stop a little bit and decrease risk-reward ratio. I only open long Ethereum Token positions when ETHBTC chart looks good. BINANCE:TNTBTC Market Cap: $27,782,836 USD 3,328 BTC
These trades are starting to look like alt season is around the corner. This is a micro-cap with low liquidity, execution skills in order to accumulate a large position are needed. Technically, it formed a rounding bottom around a critical S/R level that shows promise after a new 56-day high. HITBTC:DBIXBTC Market Cap: $478,407 USD 56 BTC
After a clearly define range breakout with a 42-day high, Aelf has been continuing to set new highs every week, setting a nice trend towars a significant 0.0001250 level. A break and consolidation above this level could potentially set up a very nice risk-reward trade. Volatility has been kept relatively low which would allow for a closer stop level once we reach...
This is one of the clearest reversal patterns I've encountered so far in any altcoin. Allow me to explain. First, we were not able to make new all-time lows. This is very significant. It shows the market refusing to even test that price level. Secondly, there was a spring capitulation candle that broke a previous range (doji candles in succession) to the...
PotCoin has been ranging for almost 4 months. Remember my altcoin trading maxim: 'When a range forms, pay attention. When a range breaks, take action.' The technical picture is so clear when you analyze some of these OG coins. BITTREX:POTBTC Market Cap: $1,445,499 USD 178 BTC
It is not easy to find an old school gem with price action going back all the way to 2014 that is behaving nicely from a technical perspective. Rounding bottom, breakout with volume and know consolidating above support. A safer trade would be to place the stop at a new low below red line. The reason for this is the expected volatility increase and the fact that...
Time to pay attention at BLOCKv. It has been forming an ascending triangle for the last 75 days. This is one of the most consistent reversal patterns I see in cryptocurrencies. Additionally, a breakout above this triangle will set up a ridiculously good risk-reward trade. BITTREX:VEEBTC Market Cap: $5,454,500 USD 673 BTC
Fanstime just broke out above previous resistance, setting a new 69-day high. As you already knew, I like buying strength and selling weakness. In general, alt coins trend pretty hard. They are either going up or going down. You very rarely see them range. In fact, a ranging alt coin is a sign to pay attention. This is not the greatest risk reward and volatility...
Wings has been setting higher highs and higher lows for the last 3 months. I am looking for this price area to hold as support and consider entering a very nice 1:12 risk-reward ratio trade. There is a lot of confluence with how the altcoin market has been behaving since mid July. HITBTC:WINGSBTC Market Cap: $3,519,493 USD 439 BTC
Talk about a micro cap forming a beautifully technical rounding bottom. Waiting for price to set up a new 69-day high before considering buying. Incredible risk-reward if you are willing to hold this position for a long period of time. This is a token from a delisted XCP (counterparty) blockchain. Proceed at your own risk. BITTREX:FLDCBTC Market Cap:...
Very simple setup. Consolidating for 2 months above the most recent low, forming a rounding bottom. New 63-day high breakout signals entry level. Significant S/R level protects our stop. BITTREX:MLNBTC Market Cap: $4,854,377 USD 604 BTC
There is a very significant S/R flip occurring in RVN after a weekly rounding bottom. The risk-reward idea is defined between two very significant levels. The amount of alts forming long-term reversal patterns is staggering. BINANCE:RVNBTC Market Cap: $174,202,861 USD 20,276 BTC
This is a trend-following idea. TT marked a double bottom, broke above resistance and is exhibiting a new 69-day high. Ideally you set up a stop limit order at breakout. But you can also entry at any time during the daily that still fits a similar risk-reward. Great technical placement of stop given current volatility and recent swing low. HUOBI:TTBTC Market...
I normally would wait for the ascending triangle to break up and then try to look for a trade around the significant S/R being flipped (in this case the grey line). That said, given how the overall alt/btc market is behaving, I feel an entry as soon as we make a new high at 0.00000047 makes a lot more from a risk-reward point of view. BINANCE:VETBTC Market...