XRPBTC seems ready for a big move soon and has found support around 9k zone.
I'm guessing this would be a move up.
Yellow rectangle is the Accumulation Zone.
I've setup my orders in the Accumulation ZONE and have kept an extra stagger at the horizontal support under the rectangle as a safety net followed by a SL.
TPs would be those Lower highs on the 4hr...
The volume on ETHUSD paid is good.
Has bounced from the uptrend line from the bottom. Basing this trade on this uptrend line.
XBT could make a move up here which should ETH Long.
SL for Mid Term Trade Setup -> 110.20 at 3-5x Leverage with an extra stagger around 111(optional)
SL for Short Term Trade Setup -> 119.20 and 5-7x leverage
Pink lines are the mid term...
The current uptrend before the ETH hardfork update seems to have been rejected off of 100 MA resistance, the lighter green line. The support line from the start of this rally, sub 85, that was held at 113 off some sell pressure, has also clearly been broken (white line).
Looking at the fib extension for a 50% pullback and the 50 MA as potential support for a...
After a week of indecisive movements and volatility, we've made quite a lot of small LONG trades.
We did go up $300 since my previous LONG Call.
BTC has been pretty volatile for more than a week now. The volatility is limited between 3900 and 3600. Now, we could trade SHORT from this channel's TOP or LONG from the...
Things to note
-> Forming a bull flag on the daily timeframe which is a uptrend continuation pattern.
-> Has retraced more than 50% already. I would like to see it retrace to 61.8% before continuing with the uptrend.
-> Forming a falling wedge on smaller timeframes.
-> Has tested HTL on daily timeframe once
-> Decent volume
-> RRR is pretty good considering the...
Christmas didn't allow me to ride that SHORT properly. Made multiple small SHORTs as I was unable to look at the charts all the time. This is what I mentioned in my previous Idea.
Opening a small SHORT position right now at low leverage and keeping more entries at 4150, 4280, 4420.
I'll be taking profit around 3870, 3730, 3670, 3550, 3470, 3370...
After a powerful rejection from 3900, BTC consolidated at 3700 level for a level where I took profits on my SHORT from 3900. Was a nice 6% drop.
We bounced from fibs I shared in an update on my previous idea. Then out of no-where we saw a high volume pump to 4116. I got stopped in Profit on that pump. Must admit I didn't see that pump...
Straight to the point. Until this trend is broken, I don't any other reason to think otherwise. Scale in when possible, sell a little on pumps! That's the plan going forward until we get some side action or shoot straight through some low highs!
We saw a nice move up today, finally breaking the 3540 resistance after 24 hours of struggle. In the process we did downward fake out invalidating the bull flag and ultimately hitting my SHORT SL.
Found myself an entry at 3615 after a breakout from the downtrend resistance market in red towards 3800.
Currently sitting under another major...
After the Hard Fork mess up, BCH tanked with no hope to recover.
What was supposed to be a regular "After Hard-Fork" phenomenon didn't stop at 100% retracement of the Hard-Fork pump.
Formed new ATLs mutiple times.
This beginning of downtrend can be seen at the break of HTL after the pump.
We tested HTL 3 times.
I made a post about this downtrend about to get over...
Just like BTC, LTCZ18 is setting up for a nice uptrend.
Massive buy n hold returns here if BTC runs to test low to mid 4Ks.
Sitting on HTL right now. Primed for a small run.
Now, My trade for this looks like this
Initial Entry 812
Stagger 1 -> 809
SL -> 806
Short Term Target -> 825
Mid Term Target -> 835
Long Term Target -> 870
Well, ever since that dump from Hard Fork, it has been constantly dropping.
We are at Test 4 of HTL break out.
Forming a symmetrical triangle too.
Decision time -> Less than 24 hours
Short Term - Bullish
Long Term - There is no Long Term with shitcoins.
How am I trading this?
I'll be keeping an eye on this one.
A close above...
We broke out of the falling wedge yesterday and are now sitting around 3500 resistance.
3540 to be precise.
Consolidation below a resistance is usually a weak sign whereas consolidation above usually leads to higher highs eventually.
Daily has closed as a nice fat green.
The direction is still not clear.
LONGs and SHORTs are both...
I didn't take the trade on my main trading account as it was against the trend. And because I wasn't expecting a nice 10% push.
Did some scalps both long and shorts during yesterday's ping pong price action.
I've set up AutoView on one of my trading accounts that execute trades based on 4hrly FOMO Signals.
Now, when I had a SL hit at 3261 yesterday on my SHORT,...
As we've been observing for last couple days, LTC's movement has been complete opposite to BTC.
And there was a time, when it used to follow BTC just like ETH.
It's forming a bull pennant.
The sentiment is bullish.
The trade setup is simple.
Initial Entry - 728
Stagger 1 -> 725
Stagger 2 -> 722
SL -> 720
TPs -> 738, 748 and 769