AlCryptorino

AlCryptorino Updated 

I've set the stop limit order for that trade according to the long entry in the chart. It triggers when the price moves through the entry. My hypothesis: To have a good R/R I want to catch a short term low and expect a bounce from two support lines, one demand rectangle and the lower BB: o The demand rectangle comes from a sharp move up some days ago. o The...

AlCryptorino Updated 

I'm generally bearish on the market and this is a fallback in case VET rallies anyways. If it doesn't I'll trail my entry down again. I've set the stop limit order for that trade according to the chart. My hypothesis: To have a higher probability it will only get triggered if two important resistances are broken: 1. The rectangle resistances from a sharp move...

AlCryptorino Updated 

I have created a stop buy limit order for that setup. My hypothesis: The past tells me that BTC and ETH (and other alts) have correlating price action. By the time bitcoin has broken the resistance of its consolidation channel ETH will have broken: 1. the major downtrend line (diagonal red line) 2. the last highest high From that momentum I expect the order block...

AlCryptorino Updated 

I generally have a bearish bias and plan to trail this long on the way down for the case the trend reverses. My hypothesis: I will trade this setup. It will only get triggered if some important resistances are broken: o The resistance from the upwards channel o Upper Bollinger Band Target: o I'll take some profit at the rectangle resistance from a sharp move...

AlCryptorino Updated 

My hypothesis: I will trade this setup. It will only get triggered if some important resistances are broken: o A rectangle resistances from a sharp move down. o The resistance from the upwards channel o Upper Bollinger Band o Far above the volatility shown by the Average True Range Stop (the red line in the rectangle) Target: o I'll take some profit at a major...

AlCryptorino Updated 

My hypothesis: I will trade this setup. It will only get triggered if some important resistances are broken: o Two rectangle resistances from a sharp move down. o The resistance from the upwards channel o Upper Bollinger Band o And the resistance of a downtrend from a higher time frame Target: o I'll take some profit at a rectangle resistance from a sharp move...

AlCryptorino Updated 

This is what I plan for buying back into BTC. The entry is a new significant higher high with the long term downtrend as a target. With the current information the trade hypothesis would sure be invalid if the price goes down below the Bart candle. This is why I would set my stop-loss there. But I currently won't enter this trade as it could be triggered out of...

AlCryptorino Updated 

I have generally a long bias as Bitcoin seems to be in a reversal and the FA for XLM is good but as the price is making lower highs and l the triangle is a continuation pattern I'll wait for a clean upper breakout. Ideally also for a retest. Disclaimer: I'm a bloody beginner. This is why it's certainly not financial advice.

AlCryptorino Updated 

Assuming I would have XLM (I currently don't have XLM) I would short now. The stop loss would be a breakout into the next upper blue box as it would invalidate my assumption of a reversal of the micro uptrend. The target would be the lower boundary of the triangle. R = 1,5

AlCryptorino Updated 

The green line is the major down trend and the orange lines form the uptrend channel. The bottom of the bottom rectangle represents the low of the year. The hypothesis is that the price bounces off the low of the year and then goes down more as I expect Bitcoin to go down more. ++ Trade 3 (T3) ++ With Trade 3 (T3) I plan buy the bottom of the year and sell the...

AlCryptorino Updated 

I assume that Bitcoin will run before rectangle resistance until the major downtrend and than do a rounded retest to the previous resistance that turns into a fresh support. Disclaimer: I'm a bloody beginner. This is why it's certainly not financial advice.

AlCryptorino

Disclaimer: I'm just a beginner in trading. This is by no means an advice but rather a basis for discussion. Bullish: o RSI Oversold o Hammer candle signals reversal Bearish: o Clear downtrend channel. 5 touches on the lower downtrend line. o not in lower BB anymore o MACD looks close but not like a trend change o pretty low volume In sum it looks more bearish...