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Recovery

STRAX/BTC Update: Bullish H&S breakout. Upwards we go Stratis did a bullish breakout from the Head and Shoulders pattern. We even did break the first resistance line and are currently consolidating above it. If we manage to hold above the old resistance line and turn it into support we can expect further upwards movement. Checkout the twittersite of stratisplatform which is very active. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
SLong
by tumbler55
9
ONT/USDT Update: 150% bagged. Last resistance already testedWe look at ONT since Feb 2021 where we started this parabolic recovery. 150% is already reached and we did bag some partial profit. The last resistance arounf 2.6$ was now tested and we did fail to break it the first time which is not unusual at all. The more often we test this reistance line the more likely it becomes that we can break it. After this resistance we aim for a new ATH >6$. Take a look at the volume increase, it is just beautiful. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
2
NEO/USDT Update: 70%bagged. Consolidation before 130$ breakoutWe could bag 70% from our last entry and take partial profits around 130$. NEO as any other coin is suffering from the market dip and is testing the 0.3Fib again. If the bearish news and all the FUD around this dip stops we are likely to see some more upside movement. NEO just started its longterm recovery. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
ONE/USDT Update: Testing 0.6Fib as support again. 0.2$ TargetOne Harmony currently affected from the market dump retests the 0.6Fib which is around 0.1$. We consider the 0.1$ as the new floor and expect the price to meet 0.2$ again. In the bearish scenario we even drop down to 0.08$ where the 0.7Fib is waiting. May 14th at 11am PST is the AMA with the CEO of OneHarmony where we maybe get some bullish news that helps recovering back to 0.2$. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
DJ30 will Fall to 32200 the Upcoming Week - Part 3 (Recovery)Here, I am using trend analysis to highlight market psychology, it's corrective actions, and why I believe this week is substantial. Ideally, after an abrupt market crash, the market would rebound to the same prices as before instantly or so. The Market Effifciency Hypothesis is not idealistic, though, and it takes into account the friction that it would take some time for the prices to settle. Yet, the is efficiency hypothesis has been proven wrong millions of times -- unless we wait till infinity -- as prices settle for long periods on over or undervalue, yet it's a popular belief among fundamentalists. Nevertheless, the hypothesis is write in the sense that there is equilibrium and this is controlled by diverse tensions. Obviously, one would need no hypothesis for that. Based on such equilibrium, I present this idea for why DJ tends to fall back to the same trend pre-COVID19 crash, as it has to do with the phases of recovery. Let's break down what's in the chart: Pitchforks: One is for the Denial phase trend, the other for the insistence phase. [* [Trend lines: Two showing the resistance and support of the pre-COVID19 trend, and the below one showing the prominent resistance since the crash. The phases of recovery (shown as corrections): Denial: A belief that the market would rebound to the same levels quickly, nor realizing that many industries were affected by the COVID-19 lockdowns which should affect their stocks values. Not to mention the market's inherent inefficienies. Insistence: After the first correction, we realized that the market can't rebound instantly, yet we are motivated more and are moving faster than ever before to catch up and surpass the previous equilibrium. We become arrogant. Acceptance: We surpassed the previous equilibrium and thought we were invincible only to find out that pride is not a value per se. This corrections bring us back to the ground, metaphorically speaking. From the trend lines, as you can see, the correction I am forecasting would bring us back to the equilibrium. Yet, due to the aforementioned inefficiency, it could be a beginning of a short-term down turn as the market overreacts. Yet, the equilibrium would prevail eventually until the market is no more reactionary and forgets about COVID19 altogether. Only then a new equilibrium could be found. This week we are hitting at full speed the prominent resistance since the crash of last year, which is not a small feat, given the laws of physics. Since the resistance became prominent, such action caused a rebound. This time, aliigned with a Fibonacci crossroad (see part 1), it could be more than a mere rebound.
CAPITALCOM:US30Short
by MontyMacht
BTCUSD bearish hammer price action aftermathThis is a small reminder to traders that do not pay great attention to candlestick patterns. While they might be too many to memorize, they are very useful and could guide you to a better trading experience. As we can see the bearish hammer was followed by a $1000 crash in BTCUSD price in less than an hour. for extra information, these kinds of crashes within the hour are expected not to last and recover intraday. Intraday: within the 24 hour time interval of the day. would you like to see more blog style posts? let me know in the comments!
COINBASE:BTCUSDShort
by TraderThierry
Growing Demand Likely to Drive Silver Towards 30.00As the global economy stabilises, demand is once again picking up. This is affecting the commodities market positively, including silver. The price is currently testing the major resistance level at 27.500. Once the price manages to break it, the next target would be the psychologically significant resistance at 30.00. Conversely, a potential (temporary) dropdown to the 100-day MA (in blue) or 200-day MA (in orange), both of which serve as floating supports, could allow bulls to enter long at a discount. At any rate, the recent breakout above the Wedge's upper boundary confirms these bullish expectations.
TVC:SILVERLong
by Trendsharks
STRAX/BTC Update: Entry picked, H&S plays out, 50x incomingWe did get our entry shown by the box. The Head and Shoulders pattern plays out as well and we are likely to see upwards movement. STRAX did hold very well during this midday pullback which is another bullish sign. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
SLong
by tumbler55
3
QTUM/USDT Update: Recovery after a huge shakeoutQtum did rally nearly 300% as expected. Then we did saw a huge shakeout all the way back to the 0.6 Fib level. Currently we recover and look for support around the 0.3 Fib level. We still have upwards potential so we hodl on. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
3
ONE/USDT Update: Breakout of falling channel. Regaining 0.5 Fib OneHarmony broke out of its descending parallel channel indicated by the yellow lines. According to Fib Retracement levels we even touched the 0.7 line to finally find some support. ONE then regained the important 0.5 Fib level and currently struggles to go beyond the 0.3 level. So the recovery is bullish while the continued drop of volume indicates less interest. If we break the violet line we suggest to get support around the new possible entries indicated by the boxes. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
NEO/USDT Update: Fibonacci levels turn into spportNEO had a lovely 5x move before we now have seen a bigger pullback. Drawing the Fibonacci retracement levels we even see that the 0.618 level did act as support twice already. NEO also used the 0.5 level as new support to follow currently the violet upwards trendline. If we get some more volume we expect to see further upwards movement. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
2
ELA/USDT Update: Successfully tested support Upwards move comingELA started its recovery and currently successfully retested previous resistance as new support. This maybe takes a while but it will be worth the wait. Let's watch and hodl together. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
2
SUPER/USDT Update: Looking at a bullish reversal, 300% recoverySUPER as a newly NFT project shows some volatility. SUPERFARM is around the corner and good news are coming in. The downward parallel channel has been broken. Currently it looks like we found support and even went through the first resistance. SUPER showed some trouble breaking the second line of resistance but this is just a matter of time. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
Long
by tumbler55
AUTO/USDT Update: Reversal and 700% Recovery has startedAUTO mimics the movement of Ellipsis (EPS). We broke out of the downwards parallel channel and got a very nice volume increase. Currently we look for new support where we had our last resistance. If this gets validated we can expect more upside momentum. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
ALong
by tumbler55
3
EPS/USDT Update: Ellipsis starting it's 800% recoveryEllipsis broke out of the downwards narrowing channel and responded with appealing volume. We aim for roughly 16$ so let's see and hodl. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
ELong
by tumbler55
3
FIRO/USDT Update: Nearly 50% retracement. >10x to ATHFIRO just plummeted by 50% which is a lot. We are now back within the original rising channel and found support where we had previous resistance. If we can bounce off we can make this one green. FIRO still has a lot to recover since it's 2018 ATH around 125$. For everyone that missed the previous entry, you are lucky to get another one. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
FLong
by tumbler55
1
THETA/USDT Update: New entry finally triggered. What's next?THETA is one of the best performing coins over the last year. We finally see some retracement and possible entries. The streaming industry won't back down and theta is currently the leader in the crypto space in this business. Short term it is unclear where we are heading since we also have bigger potential for more downwards movement. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
2
ONE/USDT Update: First supportline demolished. Can we come back?ONE had an amazing run in Q1 2021. Now we see the expected pullback which honestly is a bit longer than expected. The last big pullback was together with the whole market and this is something that can happen at any time. We assumed 0.1$ was the new floor but we are currently below the support line. ONE needs to get back on top for a solid recovery. Currently we are still in the middle of a short term downtrend. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
by tumbler55
5
AUTO/USDT Update: Another try for a bullish recoveryAUTO did bleed a lot since its listing on Binance. The possibility it starts to recover increase with any additional downswing. Let's see if we get it this time. We even did get a small bullish divergence. But don't read to much into it. Basic rules: - Never buy the top/ATH - Take profit as long as you can - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
ALong
by tumbler55
2