We got a runner!Longed this last night, and added around 6pm today. Price has been running since.
Just as the price finally broke above the 20dma, we see the price working through its S1 pivot point:
Its always great to tag the bottom, and we potentially have just that. Looking at the weekly price action we see something to be very bullish about. Price could rise substantially into the EMA ribbon (which is sloping downward indicating the bearish trend is still in-tact.)
If price breaks above the ema ribbon, we will add a lot of risk. From here, we will open a decent long and enjoy our 5% passive yield .
The short term trend is very bullish, and this can be exhibited on the 4h with bollingers as price hugs 3StdDev:
The slope of the moving average is also sloping ‘up’. Good entry, but keep risk dialed in.
Good luck trading mates.
Trade ideas
ATOM short wins, buckle up for Round 2. 🚀👨🚀ATOM has has had a massive 140% gain since it's bottom and steadily continued to trend higher over the last 2 months. If you read my previous ATOMUSD idea you know this and likely profited. :)
You can read about that here:
One of my favorite parts of that trade was realizing the momentum was shifting, remaining flexible and adjusting. We did not get greedy or "hope" for more down side. We took what the market gave us.
Many Coins are bearish (Obviously) and you could likely profit shorting them but you never want to force a trade. Only look for the best and least risky set ups.
While ATOM has been one of the most Bullish that also means it has the most room too correct but we do not want to fight it.
What I present is an idea to capitalize on, should ATOM start to lose structure and levels.
Due to ATOMS bullishness this is not one you would NOT want to get overly greedy on but patience could pay off handsomely.
I have not entered this trade just yet and will not until a candle closes below the channel and confirms on at least the 4hr chart.
Target 1 - $9.26 offers 1:3.7 RR, 15% gain
Target 2 - $7.42, offers 1:8RR, +30% gain
Target 3 - $5.60, offers 1:12 RR, +45% gain
Target 3 is the least likely unless BTC start barreling below 17.5k for a new low.
Extra Tips:
1. Expect bounces at key levels or previous pivot lows.
2. For less risk, take profit along the way until.
3. Move your stop loss down as the trade grows but allow the price enough room to fluctuate as crypto is volatile.
4. If Target 2 is achieved, consider allowing some to ride out a bit further.
5. In a Bear Market you never want to take any trade thats not at minimum 1:2 risk to reward. Ideally look for 1:3
If ATOM is a project you believe in, look to switch from short to long and start accumulation. A 90% draw down from ATH puts price around $4.50 should we be so lucky.
ATOMUSD (1H) Bearish breakoutHi Traders
ATOMUSD (1H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 10.68 support level. Only the upward break of 11.39 would cancel the bearish scenario.
Trade details
Entry: 10.68
Stop loss: 11.39
Take profit 1: 10.26
Take profit 2: 9.57
Score: 8
Strategy: Bearish breakout
Tutorial On How I Look For Entries/Exits Each Day - ATOMUSD - 1DHello traders,
I meant to publish this in the morning but I got pulled away on something else. It seems my analysis would have been correct, so I'll share this now.
This method is just one of many ways a trader can identify trend direction and entry/exit points at the beginning of each day.
To start...
I identify all patterns and indicator setups that indicate something bearish (the ones in red) or bullish (the ones in green).
I put a +1 tally next to each of them. After identifying all the setups I can, I count the tallies for bullish/bearish bias.
Today, even though the immediate term was looking bullish, there were more bearish signals than bullish ones.
For good measure I then like to do a left to right scan across the chart to see which ones are most prominent to the right (i.e. currently).
I saw the breakdown of the trendline on the right side of the chart, and paired with the bearish signals outnumbering the bullish signals.. I opened a short which was very profitable.
ATOMUSD major bullish break-out. 1D MA200 left.Cosmos (ATOMUSD) has been trading within a Channel Up pattern since the June 18 2022 Low and on Monday started the new rebound leg to the Higher Highs (top) trend-line, exactly on the 1D MA50 (blue trend-line), confirming it as the new medium-term Support.
By doing so, it broke above a major Resistance, the Lower Highs (2) trend-line (dashed line). The next in line is the 1D MA200 (orange trend-line), which is untouched since the April 04 rejection.
Notice that among all this, the 1D MA50 crossed above the 1D MA100 (green trend-line) forming a Bullish Cross, while the Ichimoku Cloud turned green and is supporting right below the price action. The last time this set of events happened, was on August 22 2021, exactly when a massive parabolic rally was starting on ATOM.
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ATOM out performs most but watch out... ATOM has had a massive 124% gain since it's bottom and steadily continued to trend higher over the last 2 months.
No doubt, ATOM will be a solid performer this bear market and next bull market, much bullishness. ;)
But with 6 consecutive candles rejected at supply zone & volume dying its not looking so great at the moment.
Look for sideways movement over the next few days or a break down with failure to close above 12.45 or with a Bitcoin breakdown. A body close below 11.44 and it's likely go time.
BTC breakdown increases successful odds of a solid shorting opportunity likely across the board for most alts.
Risk to Reward is great here but always roll w/ a stop loss and proper position sizing.
stitching up and connecting the blockchains ://COSMOS ATOM tokenThis will be one of the key projects in connecting the dots ie helping with the tech to make things more accessible in a user friendly way. getting on and off the crypto blockchains and exchanges can be tricky enough but going from block chain to BK is a whole other can of worms and one of the biggest vulnerabilities and reason we see so many crypto hacks.
Cosmos cosmos.network
Arbritrium bridge bridge.arbitrum.io
optimisim.io www.optimism.io
and other layer 2 projects (like my zkswap layer 2 dex) zks.app zkspace.info ))
are most def leading the way
7.10 to 9.18 is my initial range im looking to put a buy order in. as I zero in my range on this particular alt i can get a better idea of how low she really will scoop to.
from there pick your first target for gains ie where you will take some profits and your lowest or stop loss and or cost average areas if she goes the other direction. just have a loose plan and be ready to move quickly but honestly this is one of those projects you can just scoop cuz she either dominates or just mehhh
COSMOS Bullish Breakout possibility Cosmos is forming nice bullish ascending triangle aligned with fundamentals. Strong chaina activity, strong community, dev. activity, etc.. and most importantly many technical upgrades happening which will increase $ATOM utility.
We remain super bullish. COINBASE:ATOMUSD BINANCE:ATOMUSDT
investmox.com
Time will tell if we're right or wrong.






















