BTC sqeezing into narrow channel. MIght pullback to 27.40-27.60 and from there either breakout towards 28.70 - 29.70 - 30.10 or breakdown and fall to 25.5. Good risk reward though with stop loss below 27.00 - 27.05
testing identification method/
The Bitcoin dominance compared to the Altcoins is looking weak right now. It tried three times to break through the trend channel the last couple days, but could not manage to stay outside of it (H4 timeframe). The last 4h candle closed inside the channel. If the daily candle closes inside the channel today, we can expect a downside of the BTC dominance, which...
One approach to trading a box range is to find a consolidating range bottom with low volatility. Buy when there is a test of the support level in an uptrend, placing a stop loss if price makes a new low. Increasing volume should confirm buying interest. After a breakout, buy on a throwback and retest of the resistance line.
xrp formed a double bottom on the hour. should push us back above .45500 range once complete
If we forget about all these wicks happening recently and solely focus on the actual trading substance, you'll notice that an ascending triangle is lurking in the data. As per classic technical analysis, these triangles may indicate a continuation in 70% of cases and a possible breakout is backed by its continuous RSI uptrend. I'd consider a confirmation 5% above...
FET/USDT broke out of its channel upwards. RSI is pretty high so watch out for that. Mid-term targets (depending on how fast BTC goes): Target 1: 0.180 (trying to brake it now) Target 2: 0.244 Target 3: 0.30 Patience is key, don't stress out when it drops. Use stop-losses but beware of stop-loss hunting.
So on one of my post I was looking to go long on this. I saw that this was bouncing back and forth from a certain area.I then waited to buy around the support area and then sold around the resistance.On this trade I made 38,152,000 which was insane! What I also noticed was this was forming a head and shoulder pattern which presented itself for a good opportunity...
Hey guys, My original position : LONG XRP/USD 05/17 .38001 Target: XRP/USD .600xxx to sell half of position. Next Target : XRP / USD Test of 1.00 I expect if this is the next leg up on a larger time scale its going to be steep. I am watching this pattern into the next hour or two. Stay safe, have a stop. Trade another day.
Seems like theres a new story about to be made in the coming months
BTC confirmed a nice break out of ascending triangle which is shown on chart (red lines). The bullish confirmation pushed the price to $8000 region where is the next resistance level on daily chart. We have a lot of movement around her on shorter time frames. Volatility is nice for day traders, but for long term holders it’s important to understand the big...
Cardano Bounce - ADA/BTC and ADA/USD ADA/BTC Chart - oversold bounce off of rising wedge support. ADA/USD Chart - horizontal support and 200 Day SMA. Targeting 1500 sats / 8.2 cents for 50% gains vs BTC and 50% gains vs USD in the next few weeks. Potentially much higher with good fundamental news - Shelley release / Smart Contracts / Ouroborus Staking
Hi everyone, Welcome to my latest idea for those interested in what I have to say. :-) I have been watching the BINANCE:NEOUSDT pair for a few days and I was able to sink an entry point at $10.75 on April 16th. For the last several days, NEO has been bearishly running sideways after printing a bear flag that never ended up doing anything. In fact, all the...
The TA here is pretty straight forward. We could be in the makings of a trend-line break dating back from July 2018 which could be huge. I think it is clear here that if BTC makes a break above $4200, Monero is a primed candidate for an out-performer. Great risk vs reward profile here. with upside targets towards $0.015 and stop loss below the 38.2 fib. Beast...