We have a local triangle in an uptrend which is - as per classic Technical Analysis - a continuation pattern.
Since this triangle is supported by a steady RSI uptrend and oversold conditions on the Stoch RSI, I believe that ETH will be able to develop enough momentum and crush through the resistance at $251.
As soon as a breakout from that triangle is confirmed...
-MONTHLY RESISTANCE ACTING AS RESISTANCE
-FIRST DAILY BEARISH CLOSURE AFTER 15DAYS (3WEEKS)
-WEEKLY SPINNING TOP CLOSURE (SLOW DOWN OF MOMENTUM)
-FIBONACCI RETRACEMENT LEVELS TO BE MET
-TRENDLINE TOUCH, REJECTING A BREAK ABOVE
Please Please Please Please...
Tell me please if I'm wrong!
Bitcoin has already corrected 38% and 50%!
That might never happens again!
For god or the other one's sake please open your eyes or teach me if I'm wrong.
All of the you-tubers and influencers just repeat the same shit.
You can see a great example of how the trend reverses and the beginning of a new cycle. after reaching the maximum, we fell for a very long time and after we reached the bottom and saw the first volumes of buyers, the accumulation zone began. I will say from my experience after the accumulation zone we will fly out with a large volume of large green candles...
Buy break out of ltc WITH A STOP because if it fails a better buy is incoming (patiently, though)
Thread of the past, present, and future of day trading litecoin *******in comment section******
TA is like that. You can't predict how the future will develop while day trading, you react to it. Cycles stay the dame though :::)
Similar to previous post the bulls are showing their faces and possibly making a truncated 5th wave in a C retracement. (bullish, if so) I've already entered a light position with a target for that was given 5/1/19. Light position = wide stop, less damage, THEN you add to your position when it takes out highs. There's two highs coming up!
I've been day trading...
BTCSUSD is moving within this wedge with a major resistance around $8200. If it continues moving within this wedge, there could be a potential breakout around May 28th/29th. I believe it will most likely break to the downside since BTCUSD is due for a decent correction before continuing its longer term bull run from here. I agree that crypto-winter is over with...
Ont possibly just made a weak-a$$ 5 waves down. So weak that the 5th wave was truncated. (That means mad bullish, yo!) Buy into the uptrend confirmation. Green box above price or later entry is above B wave break out.
I've been day trading ont since February **********if you'd like to learn something the old thread/ongoing thread is in the comments section.**********
Bitcoin setup on H4. Smaller risk on this trade because of the high risk of volatility we are currently experiencing in the market.
Entry is at the 78.6% Fib retrace and trendline with stops at the 110% Fib and target 1 at -0.27% which is $7210.
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Trading Strategy: Martin Momentum/Trendline and Martin Trend Trader
Update: Happy Friday traders! This week has been an incredible week of profits! Long trade was closed out at 41.85% gain which is the largest trade we have taken all year with the Martin Trend Trader! I love that we...
. NEO/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
. There is a possibility of temporary retracement to suggested support zone (11.1856 to 8.4295). if so, traders can set orders based on Price Action and...
BTC broke the key resistance at $8,000. It broke it with a lot of intention since the candle is long a with small wicks. It the volume is very low in the pull-back, we can expect another increase to $8,130 and even further rises to the las 9 months maximums at $8,250.
Shorts are expected now and after the pull-back (it is is done) long positions with the 1st take...
With Bitcoin, Ethereum, and Litecoin all rallying the last few hours, BAT has been maintaining a strong consolidation trend. It looks like the first week of June will be the moment of truth for BAT/USDC. Since bulls have taken over the market we've seen a return of a raging bull market. A realistic outcome would be for BAT/USDC to have a violent move up...