I like this position Walton finds itself in. Looking at the 4-hour chart, Walton has made some nice gains the past couple days and is showing a bullish continuation as it catches support on previous resistance. I haven't committed to this trade because I think BTC is at a key level and could affect WTCBTC's price action with its volatility. But I'll be watching...
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Same deal, short weakness, buy strength. When BTC is giving the market room to breath, we own altcoins. It works every time. We don’t need to know why, we just know that it does. So what did we do today? We looked at the top 500 coins, and picked some...
I like this setup for Walton on the 4H time frame. We can see the price action has been making moves in July. It broke through the orange descending channel two weeks ago. It continued on to break the neckline, and has since confirmed it as support. I think this is a great second chance opportunity to enter long. We have a bullish cross on the MACD , which remains...
-the price broke above the 200D MA a few days ago
-it has now retraced back to the previous resistance zone
-this will be its chance to flip Resistance to new support
-aggressive buyers will likely enter the green zone support
-while breakout traders will patiently wait for a break of 525 top
-the upside potential may hit up to 770 sat
-stoploss is only...
Break of the ascending triangle to come.
we are moving towards past resistances, which should be quickly overcome.
WTC has an interesting history of speed increases.
It will be easy to make a X2.
the reasons for the purchase:
- level pressure.
- the indicators are ready to continue growing.
- stop loss on the level.
If you have your own opinion or thoughts about current market situation, feel free to write it in comment below !
-RSI hitting 90 level
-potential pullback zone at 433 sats
-strong sell area at 535 sats
-please do not buy the FOMO up
-wait for a pullback at immediate support levels
WTC broke outside the trendline resistance and the RSI has painted a bullish divergence that signals a weakening bearish momentum.
If this will be the temporary bottom, we could expect the price to rally up to 570 sats area and have our stop-loss below 320 sats.
Walton is testing overhead resistance on the daily time frame. If WTC can break out of this channel, I expect the price to test the resistance trend in pink. Walton has been on fire of late and has a beautiful continuation pattern at present. Get ready if this breaks out.