looking to trade these new alts more effectively... just a small entry. overall market isn't really in a good position to be playing new alts coin breakouts coin was added to bittrex on 10/24 1400 coins at .0429 or $60.12 not really looking to make money here trying to build my ability to trade new coins (ipo style trades) so when market conditions are better...
H&S failure chart pattern price target is calculated by taking the width of the chart pattern between the Head and the neckline and adding it to the highest point of the right shoulder (for H&S top reversal failures). New target 857.
Clear Head and shoulders visible on the 1hr chart. This is indicative of a reversal of the previous trend. In this case that would mean a drop back down to the 570 level. Be very careful here. Look for a break below the neckline. It can hover beneath it temporarily and still continue up wards negating the pattern but the diminishing volume only reinforces the...
That first idea yesterday has gone well, it was smart to take some profits at that resistance block which it hit perfectly. Now that we've retraced a bit and are finding new support, we should make a new attempt at that resistance, maybe wick even higher, and if we keep pounding it we'll eventually break it! Original idea by Svarog
That first idea yesterday has gone well, it was smart to take some profits at that resistance block which it hit perfectly. Now that we've retraced a bit and are finding new support, we should make a new attempt at that resistance, maybe wick even higher, and if we keep pounding it we'll eventually break it!
Heavy selling pressure here has taken us down to 751 from the 815 high. However this is just the second wave of the five subwaves within wave 3 in my opinion. This theory will be tested very shortly. Alot of panic selling taking place right now. If we can hold this level then wave 3 of wave 3 will begin soon.
I didn't take part in any of those magnificent 320% growth RVN showed lately. Just couldn't believe it will keep on growing. Now that it finished its retracement I'm ready to jump in. I already had my order set for 703, but that night it fell only till 707... only 4 satoshi and my f**king greed seperated me from 10% profit I would have by the time I woke up. Ok,...
THIS 12H chart shows a breakout and retest which might be another enormous wave up.
We're currently pushing into resistance(previous support), so an immediate long wouldn't be a good idea BUT if we manage to break through we can play the retrace into that block (green scenario). If we bounce down right now and make a higher low (yellow scenario), it would also increase the chances of breaking through that resistance. Upon successful retrace we...
This is an incredibly educational trade! It will either break above .786 fib level for the beginning of a third wave or the second wave will correct down to .618 or lower.! So far oscillators and on balance volume are holding up! Keep an eyes on those supports and resistances (.618 fib retrace level for support, .786 fib level for resistance)). As always....be...
The gold old days are here... RavenCoin (RVNBTC) has increased by 328% in price in only 12 days. I had this coin in my list for the longest time ever, received some good information about it and wanted to share with you but didn't get to do it, here is the info I received from a friend: Greetings Alan: You know it was right when I sent you the note a few...
We're currently pushing into resistance(previous support), so an immediate long wouldn't be a good idea BUT if we manage to break through we can play the retrace into that block (green scenario). If we bounce down right now and make a higher low (yellow scenario), it would also increase the chances of breaking through that resistance. Upon successful retrace...
Despite all of the FUD chatter saying that $RVN would suffer a massive sell off upon the release of the tokenized asset feature of MainNet this coin is being incredibly resilient. I believe it is still conforming to the TRiple Combo Elliot Wave Pattern. I have made some minor adjustments to my original chart in order to state my case. I would really appreciate...
Watch the falling wedge and get in when price breaks the upper line.
In case my previous chart may be off by a little bit on that Triangle ABCDE Wave. This is an alternative Triangle ABCDE wave count at the end of the triple combo.
A play that`s in my mind.