As I noted, the market almost always provides the most profitable entry points.
Define them will help the golden section of Fibonacci, namely the ego magic numbers.
By following current theory, i suggested, that the price will dropped to the level of 0.786% also, i put my buy order on this level, and turned out to be right.
There is also a chance to pass by the...
It is very interesting chart. There is a very visible GAP on Daily chart which was respected by market recently. I would say this solid support should sustain the pair above this level and I would look for ABCD pattern where AB=CD. I'm not sure if correction will hit 50% again but even with this value we have good risk/reward ratio. I would set SL just below GAP...
The left side of the cup is formed by that huge wick so it's not pretty, but considering the volume also fits well with a Cup & Handle pattern I'm gonna say it counts.
Looks like a handle is forming, and there's also a Bullish Divergence that suggests it's heading in that direction.
Watch for a breakout at the neckline!
What a month so far for crypto...I don't...
Why am I bullish:
-Golem Video interview in a couple of hours (hype on polo will hit)
-Nice fib replacements to accumulate
-Huge hidden :bull: divergence on all of my indicators
Pick your risk but my take:
S/L below Trend line or Fib level - great R/R
TP your call ;)
Good luck if you join me
At the swing low, a nicely formed bullish engulfing bar formed on the hourly chart. Also, a bullish rounded bottom formation formed giving me a bullish signal. I got 3 confirmations 2 on price action and the MACD all 3 point to a bullish move upward
Golem is one of the most promising projects in crypto right now - so I'm bullish regardless of TA.
It looks like it's forming a pretty textbook Cup & Handle.
We also have a nice big Bullish Hidden Divergence.
The Ichimoku Cloud is positioned pretty nicely to curve the handle up right around where you'd expect too (will post a screenshot).
Bitcoin is going...