BAB or BCHABC is in a very bullish trend . It is now forming an HVF (triangle), and is consolidating inside the funnel ( parallel channel ), after a what seems to be a fake-out.
The pattern is suggesting that sellers have not taken control yet, although the fake-out is something to keep in mind. the chance to go up is probably 50%, but the risk reward is great. ...
after a massive capitulation is it already the time to retrace a bit ?
it's a counter trend play, so be careful.. still looking for L2, H3, L3.. waiting until all of the pattern complete to trade this one..
Disclaimer : As a friendly reminder, nothing written below is a recommendation to trade or invest in anything. You are responsible for your ...
Entered the short on this trade at $4.65. The RRR on this trade for me was incredible of about 17/1 with booster IHVF's supporting target of the macro IHVF. Took some (60%) of profit off the table at Interim 2. Fallin over like Dominos
A few months ago, I estimated BTC to reach a range of about $3700 when it was trading around the $6k region (check my earlier posts).
With it dropping, I still don't yet see this as a time to call bottoms and buy as it is never safe to do so. Forming a solid triangle pattern, I have three targets set with the main one being at the $3007 levels.
Alpha Sniper ...
another Hard Fork, another pump ?
BCHSVUSDT perform a HVF setup in H1 Timeframe. i got an early entry near trend line and put my stop under RL2.
Disclaimer : As a friendly reminder, nothing written below is a recommendation to trade or invest in anything. You are responsible for your own financial decisions and due diligence.
after FUD about tethered, and look like no follow through.. xbtusd create an inverted HVF and have a primer in it.. potential RRR 1:19 if you get the primer..
Let see how it plays..
Disclaimer : As a friendly reminder, nothing written below is a recommendation to trade or invest in anything. You are responsible for your own financial decisions ...
A quick call for trading short, BCHUSD looking bearish, however, if price breaks to the upside (higher than 532 level) then this trade will be invalidated , bear in mind that the market is currently trading in a range.
EFAV looks like it topped out. It capitulated downside after the first topping and staggered back up to the upside (which took some time to form, with eventually a quicker capitulation back down to the downside. Over time you will notice that the time frames of rising and the falling become quicker (with rises legs taking longer to form than the down legs which ...
Bitcoin has been looking weak for several weeks now with strong quick down legs and slow forming up grinding legs. This is a bearish sign. Looking at the On Balance Volume, it has also been showing lower highs and flat bottom lows which is another bearish sign in volume.
The overall Macro trend also remains overall bearish with the AMA Cross Bearish and also has ...
ETH/USD is forming a nice symmetrical wedge or an HVF.
With the overall macro trend being bearish at the moment, this looks like a good short. With two different targets set (pink lines), I plan to take some profit (50%) at first target and another (50%) of my order at the last target if this breaks the red line support line.
The last target at about $208 has ...