G'day Followers, How amazing has the price action been lately on bitcoin and the Altcoins, It certainly has been amazing to trade these markets lately although so much volatility has come through which could be very dangerous trading for non experienced traders, also if your not applying the correct risk and also using stop losses. Anyway lets get to the chart,...
Taking another position here on DGTX long term. Broken out of consolidation and has pulled back to 50 fibs here on launch day. I was expecting a dump in the market today with the launch providing a good but opportunity. Will definitely be keeping the door open here for a moonshot of at least $1. Received an extra 2000 tokens today from opening airdrop. Still up...
DAGBTC - Kucoin - After going on a massive run DAG has had a nice and slow drawn out correction and has now found previous Support/Resistance. Have already entered this trade but am revising New stop Loss here to reduce the risk. This is a low cap coin so position size needs to reflect that. I have only a small position as original stop loss was 44% but RR 8.15 so...
I think old mate Justin Sun about to go on a marketing spree, already starting to hear rumours about tron and DEFI projects, could be a good time to establish a long term position here and wait to see if he has the skills to start a new pump.
Could Iota breakout here as well? Another Alt to watch over the next few weeks.
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Strat has been consolidating for 12 months and has finally broken above and now retesting consolidation zone. I think a breakout from here is likely and this is a good area to enter.
Wan looks to have broken out of a falling wedge which is bullish, I think it could go on a small run here.
After taking 65% at first target of 0.65 cents after original entry at 12th May at 0.03938 cents has had a good sell off and I think it looks ready for the next run up to next target at 0.09 cents or 128%. I will be adding to position here at 0.533 cents with a new target of 0.15 cents which is the ATH. I am long term bullish on the No Fees DEFI exchange that has...
I think it should retouch that support again or push just under it to that 61.8 fibs line I marked and collect some stops before next big leg. The W shape patten is generally bullish as well. You could just enter here as it's only a 8% lower or just buy some now and set some orders lately just incase it doesn't pull back but with saying that it has had a move and...
GBPNZD - Monthly, nice and simple bearish trend. Could be about to trend down for next 12-24 months?
DXY looks tike a possible short coming here if it rejects from here and forms a H&S.
Look for break in pattern, be cautious with resistance but looks like a bullish pattern getting close to a break out.
ONTBTC also looking as if it is going to close above weekly resistance/support, need to look at weekly close to confirm. Have to watch for reaction at trend line and resistance but if it was to break above I do think it will have a breakout and go on a big run here. I will take a position now but watch closely over the next two weeks for confirmation.
BATBTC looks set to go on a run from here, nice push then pull back to the 50 fibs, should move up from here or have a small pull back to 61.8 fibs first. Watch closely.
LTCUSDT LTCUSDT is an interesting one for me at the moment. Although we’ve been in a downtrend for some time, we have mostly remained above the 50% channel line other than a few large dumps along the way. This is usually a bullish sign. The other thing to note is that we are currently trending sideways after a long bearish period - this also usually indicates a...