Im a noob so bear with me a simple chart that i have drawn comparing the last breakout and the current breakout that we are witnessing together with some price range BITFINEX:BTCUSD
Fairly quick flip with an aim to move the stop loss up if the trends continues. Bullish daily candle on a major support. RSI oversold on daily. Good RR ratio according to Mr Fibronacci. Similar though not as favourable on the 4hrly. As always I’m new so feel free to correct and critique in the comments.
Hey Guys www.tradingview.com I'm very new on the block and I don't know what type of reception this will receive but hey this a wild and wacky world and anything can happen I predict the biggest cup and handle ever seen by man, where we can be fluctuating between 12k -7k at any time, but the main break out points will be around the 20k-15k area. If you would...
A little oversold. Bullish reversal candle touching support with 50 mins to go in the 4hr. Favorable R/R ratio till next resistance.
Zilliqa has been performing pretty good these days and still the chart looks really good and alot of room to grow. 4 waves have been counted we are looking for the last wave wich is the 5th one. Also it looks like it is forming an acending triangle pattern wich is bullish. Right now, for me this is a no trade zone, I would buy on confirmation the confirmation to...
Tightening equilibrium in weekly so we'll see whether we have a bullish or a bearish summer. On the daily, however, we have a couple of resistances to 11000 with is the next fib point. Scenario 1) inverted head and shoulders and retracement to 7600 for a chance to reverse. Scenario 2) we continue higher highs and higher lows in the daily.... then we may get to...
Rsi in the middle, StochRsi topped, Ichimoku not looking so much good... I'm not bearish, neither bullish. I'm not a professional trader, just messing around for 6 months but, it's Bitcoin really on the Bull side?
ARN rounding out nicely here. I know alts are like shooting fish in a barrel at the moment but still, you gotta pick em' right? Trade not active yet for mine, needs to break the resistance (rectangle) before moving fwd. I think it will soon though as look at that volume pick up in the last few days. RSI is heating right up so may need to take a breather (as per...
Higher high and higher lows. Favorable (maybe even a start of a inverted hammer?) candle forming. RSI reasonable. breaking through fib level. If today candle close above fib perhaps another higher high for a short/medium term gain. As always, any criticism to this noob welcomed.
Purple line drawn on weekly chart. Dotted line less conviction. Quick support lines and fib retracement levels. Support just under 500 and 460 and 400.... candles bearish. But RSI 30 and historically the bulls rallied on ETH when it went under 30. In addition some hints of descending wedge (didn't draw in as not the best trend lines) . For a noob like me I...
8900 resistance broken and on uptrend. Next major resistance 9500 and top of the descending wedge at 9600. If I didn't get stopped out by my trailing stop at 8800 I would set my target at 9.4k (ish). I now wait for the above 9.6k breakout and re-analyse... as always please feel free to be critical as noob.
Purple trend line and horizontals drawn using weekly. If breaks above upper trend line confirms descend wedge and breaks below lower trend then it's a double top ........ long or short opportunities in a few days..... My noob TA - second week learning. Feel free to correct or rip it apart!
A mixture of break out TA and good FA news. Good risk to reward ratio. Stop loss below all time low! Shout out to @CryptoRand at twitter for recommending trade. I then went and try do my own analysis as a noob. His risk to reward is about 300% mine only 30%
Just what I see, continuing what I posted from last night. The first yellow Oval was what I was thinking last night, as 1. an exit for scalping/ if breakthrough would confirm the breakout to re enter. The newest one is where My concern would be for the next breakout and would be enough confirmation to reenter the market. I draw randomly squigly lines with how...
Done with 1-2-3-4-5 pattern, and correction.
Pls give me feedback so i can improve. Im pretty sure this is off, but thats my idea. New to alot of indicators and joined crypto late 2017, really appreciate your feedback. Thanks.
If we hit 11520 then the red line makes it a ascending triangle?