Hi dear friends, hope you are well and welcome to the new trade setup of Optimism (OP) with BTC pair.
On a 2-hr time frame, OP has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
I decided to use the Gann Fan fib along with the Beam bands to illustrate the possible trend we are seeing with Bitcoin currently. We may have seen the bottom with Bitcoin at the low of $29k level. There has been much fud and talk of the bull run has come to an end but I am of the opposite thinking and believe we are in the middle of this bull trend. I am still,...
disclaimer: I have not studied charts only watched chartists on TV. Here's my amateur attempt. But I would say my previous career was in design so I will claim to be 'visually lead'. FWIW.
So, Tesla broke trend a while back. I'm hoping I see a resumption of that trend. The channel should be somewhere between 760 & 820 by earnings.
I hope...
Today the price passed the 611 resistance level. This suggests a strong buy for me. Following the narrow channel, I'm waiting for the price to fall somewhere around the orange triangle and then buy as much as I can. The fundamentals are supporting my thoughts (optimistic sentiments and good news about China factory development)
Already with bulls since around 3 price level.. unreal. P/L around 40%, what should i do?
Should i close the position now? Don't think so..
1. Cryptocurrency market is breaking out, this month already had 5 posts regarding BTC, BCH, TRX, ETC and ETH..
2. EOS volume profile provides most traded area in the last 6, 3 and 1 month, so in my opinion selling around...
I am not really sure what's going to happen here. I've seen some good cases for bitcoin taking a nosedive right here to about 5k, but I am an optimistic person. Maybe too optimistic. Let's find out.
One perspective says that 7 countries worth of people want 1 satoshi (.00000001 BTC) more than their country’s currency…
This is the 30 min. We all know that BTC is capable of surprising, and this looks nice to the upside especially if the volume comes in hard. Just don't look down! haha optimistic
For obvious reasons with the crypto market i would wait for more of a signal until entering a trade but my prediction for iota.
would wait for a decent cross of the 50ema before making a trade unless you have just bought iota on the low then watch for some resistance at the 50 ema to see if you want to take profit at TP1, if we see a break though next targets i...
the market is trying to break the sma support.
MACD shows a possible break out too.
RSI is above 50, this is good.
Substratum is gaining popularity for few months.
there will be a CNN exposure in the course of april.
So a lot of things to be optimistic with SUB.
The most optimistic vision that i can see for Bitcoin right now is represented in this chart :
We have the inversed head and shoulders completed guiding us to 17K area and then a small correction to 14.5K-15K to fill up the rocket to break ATH and ride up to 28K-30K (Psychological resistance ) level. After that we can expect a hard correction back to the uptrend line.
It is trully too late to get that short term profit on latest rising, but I think LTCUSD will continue going UP in max. 2 weeks. Before that - it might break down through 50$ line to minimum of 47$. Then it should face that strong rising trend line and start attacking ATH line. The question is "do we want to make long or medium term position?". :)
BTC tip:...
