From my last OntBtc call where we spotted the bottom of the falling wedge to pick our long entry till now has earn us huge reward.
Right now I believe there is need for an update since we completed the first phase of the wave cycle and right now retracement is...
ONTBTC has been so silent lately and we all know the potential of this beast. It has been in accumulation zone in the trapped triangle pattern. We should accumulate the coin and wait for breakout.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
Ontology has been climbing even against BTC.
But there are several fib resistances coming up.
I have summarized all of the fibs into a few zones.
Note: I usually chart vs USD but is worth watching vs BTC as well.
Drap Price scale UP to remove overlap in zone prices.
Drag PRICE scale DOWN to see more zones outside window.
Drag TIME scale RIGHT to see history and...
Getting some promising results on backtesting using Renko candles with our 'Ninja Signals' buy and sell alerts script and wanted to share the idea with the TradingView community. Some traders prefer traditional candles, some prefer Heikin-Ashi candles, while others are currently testing Renko candles to find the most profitable configuration. There's so many...
Gained important level.
Consolidation looking like accumulation because of gained level.
Not the highest probability trade but R/R of 8+.
Manage your risk on account appropriately (smaller because of high fail rate of high R/R setup)
This one was on the profit package this week and now you see why - 77 above the 231 with a strong 7... 2 beats 1 any day of the week so expect to see this one breakout to the 1.6 to cap out above 3000 sat...
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Ontology pulled ahead of the pack and is now resting.
While its bull chohorts are bouncing, ONT is lagging.
I think it needs to complete an ABCDE correction.
It is possible that correction is done, with a simple ABC.
But it pierced the red 3.618, implying the 4.236 is target.
I also dont like it getting hung up at the red 2.236 so long.
So while it is POSSIBLE...
Ontology has been extremely strong as we all know.
It looks to have topped roughly where it was expected.
Now it looks to be retracing, with an ABC wave in progress.
It might higher yet, but if we dont correct soon it will be crash-prone.
My previous analysis looking for ''a top''...
We have still time to go to reach one of the Demand Zone.
I think after reaching one of them we will see a retracement or reversal.
My charts are clean - I don't use many indicators and I am trying to trade from Price chart and Supply Demand Zones.