Big Daddy BTC has been channeling between the slow (Orange) and medium (Yellow) EMA's for 4 days and has finally broken over, pushing up to 7450 for a cool little 5% move. With momentum slowing I'm expecting to see a retest of the fast (Blue) and long EMA's as support and if they can hold the price above it's possible that we could see our target of 7850 where I...
Short term short back down to the trend before we try to crack that supply zone again. Entry 7184 Target 6800 - 6750 Stop Loss 7291 XBT/USD 4hr
Broke 4hr Resistance, Bullish Divergence, Heaps of volume Looks like overall uptrend, should re-test 8000.
Closed out my long early at 7442 couldn't see the 7800 Broke the overall uptrend Market looks like its turning, head & shoulders forming looking to go short back down to 6900 or more...
Hopped onto the charts earlier in the morning. Started out with basic support and resistance zones and noticed an uptrend. While looking at the uptrend i noticed a inverted head and shoulders. Using that indicator and trading with the trend, I was able to find a nice trade which although it hasn't hit my take profit just yet, it did play out quite quickly.
If we see a close above previous structure @6850 on the daily i think it will break out of this triangle and we will see $9000 again as long a the trend holds ill stay in a long position if not i think we will see $5500 again first.
well for all the guys and girls out in crypto land here's another jem, just my opinion mind you BUT bitcoin is not quite ready to sing the high notes like its knackers are on fire just yet, not so long ago on the 12th of march we all had our pants pulled down and got spanked like a naughty step child, its coming very close to the price it stated from and will hit...
New structure forming in a bullish direction breaking out of trendline with HHs and HLs. Waiting now for a retrace to support and form another HL and wait for a confirmation candle on support being held. Once held entry at .00000180 Entry at .00000180 in on course to bounce off center bollinger bands, extra indication as it heads back to support and confirm an...
Market structure good, HL and LL's, has pulled back to the 61.8 fibs from the last big push down. Has started to respect new downtrend. I think it will make a new LL but with the current global problems I will look to take profit on the 50 Fibs from last push up just incase. I have opened two positions, One a safer position with stop loss above last HL and second...
Broke above ascending triangle, creating HH then had a pullback into support zone. Entered half my position after this bullish candle (strong volume). I've set another buy order if price pulls back further into support zone to 50% fibs (average entry will be 38.2%). Stop loss is just below 61.8% which would also be a break in trend. Could take 6 days to play out.
Have located a potential bear flag on the 4 hourly, although daily momentum is heading down with LLs and LHs. Waiting to see if the daily EQ can hold. If we break out of this bear flag to have a shot at the next supply zone. If daily EQ cannot hold and we break below then i am looking at following trend down to the next demand zone. Either way i will need a break...
Longterm trade. Looking at the daily, currently bounced off of 61.8% Fibs. Long off double bottom on 61.8 or wait for break in downtrend and long off retest. Could day trade between resistance levels on the way up. Or sit back, kick the heels up and watch it launch to the top of the channel. Pretty decent RR.
watching price for two potential trades. 1. price is consolidating on strong daily support. Looking for price to break and retest resistance (2270) for a long entry. Stoploss below previous structure will access once placing the trade. Take 50% profit just below demand zone, watch price here to see if volume is picking up and trend looks strong, if so let the...
simple trade downward wedge/ bull flag forming currently retesting daily trendline buystop set above 1hr resistance line SL below 4hr resistance 1st TP at previous wicks, last TP at 4hr resistance
Decent bounce from original sell off, i don't like the lack of volume, bearish pattern and the rejection off 61.8 fib level. Anticipating a move to the downside in the next few days but will wait for confirmation.
lack of buyer recovery on the previous impulses suggest that this will hit support level soon
QLC Chain QLC/BTC Daily Binance Analysis QLC Ranging between 120-235 satts respecting both levels. Looking for a swing from the bottom of the current channel, to the top when the short term down trend is broken. Because QLC is such a low satt coin, position size would be very small and only 0.5% Risk on this position, if a trade presents itself. Looking for an...
Retraced to 61.8 and closed above, Currently broken out of down trend next resistance is at 0.00034128 which is just above where i'd enter. so placing a buy stop a bit above resistance 1 Take profit at 0.00036344, Last TP is a trailing TP following at -1% to catch any lucky dip pumps. RR for the trade is 2.0 expect the trade to play out by tonight, mid morning...