Hit and miss with some lower cap alts but some still have promising futures and i like to keep an "eye on" them.
AION current in a large descending wedge and looking for potential break outs to kick off a new mid/long term trend.
Cant see price getting past that area in a hurry it is imo a quality supply zone so that would be my target if this guy signals a buy...
ETH just like most other alts following BTC movements have had a harsh sell off at that last high, however Ethereum seem to have move of a slow bleed off from the consolidation rather than a small bear flag which was interesting.
again the daily has printed a bullish engulfing which was the main turn point from the 618 on the overall uptrend....HOWEVER.... IMO it...
After our previous trade played out perfectly we where looking for a new entry back into BTC, yesterday on the 4hr we where building a rising wedge so we switched out our strategy waiting for a break up close above to re-enter for a push to the next target around 4200, we did get a spike up but was instantly hit back down again, most likely a stop hunt to clear...
EOS has hit out targets to jump back into the market, the cci showing a nice steady reversal but volume still dropping which isnt the best sign so we will be keeping a close eye on this trade incase it takes a turn for the worse.
Expecting a small down trend on BTC means alts will most likely following suit so not expecting this to 100% take off from our entry...
EOS didnt want to give us another entry on the daily and smashed through out daily supply zone, how ever on the 4hr we got a noticable pull back and managed to get a trade in as it broke through and retested on the previous supply zone.
price spiked to our target at .00100 to take profit for almost 90% on 10x from our entry.
strong rejection at this supply zone...
EOS just keeps pushing but this trend imo is going to come to an end soon enough, was short off that small time frame double top and took small profits as it turned back up, was looking for another short entry if it was rejected at that level again but smashed through and tapped the next level off resistance.
Divergence building now on the daily if this rejection...
This was another one we covered in our group the other day, seeing a potential bullish pattern as price was being squeezed into supply, it was only a matter of time before the bears gave up and let it go.
2 options we had for this trade was lucky dip longs off trend and pay close attention for the break out...ORRR use buy stops and catch the break.
Either...
Last night during a chat with our traders we where going over trading pitchforks when there is a lot of price action in a ranging uptrend.
We got a perfect buy yesterday at 7373 missing the very bottom by 2 sats, with targets in mind at the outer limit of the top of the pitchfork.
this morning i wake up to a close on my trade with 6.5% in the bank, now waiting for...
We have had a few solid trades off ICX in the last week or so, failed attempted to set up for EW recently with a bearish divergence formed on the closes, and can see a gartley harmonic pattern brewing.
Ideal drop to the 786 retracement over all puts a good bounce possibility at around .0000550 btc
We always teach our members to be conservative when trading...
Again not a lot to report from yesterday, we still have had any price action even after the futures close which was interesting, historically we normally see some movement in anticipation to the close and on the close we get the biggest action but yesterday we had barely anything....I see this as kind of bad, a very stale market imo can be bad in the short...
I am keen on ZRX and have had some solid trades out of this for a while but overall pretty bearish as i see this walking down further to a level of demand build on the original run up thats been tested one before we a great response.
Using some repeating fractal patterns and some fib levels that keep getting hit with each fractal i can see us walking down to that...
