Blazin_Water

Blazin_Water

Bullish falling wedge formation on HNT, Stoch RSI oversold with BTC pair bouncing from support. Entry: Around bottom of wedge Target: $59.27 (ATH) - $61.83 (2.618 fib extension level) SL: Under previous wick (~$35.56) *Aiming for 55% swing trade with 7.5% risk Happy trading! :)

Blazin_Water Updated 

Bull flag continuation patten on AVAX. Potential 75% swing trade if BTC holds above EMA . Set stop loss below previous candle wick.

Blazin_Water

On the chart I have assembled four ranges of potential pullback targets for BTC. This was done based on fibonacci extensions and key support/resistance levels taken from previous price data. As we can see BTC has indeed retraced into our first zone labelled (aggressive) as it is the best case scenario for bulls, and had a strong bounce thereafter. As long as...

Blazin_Water Updated 

Be aware of the bearish divergence on RSI if you are thinking of an entry into ATOM. I would wait for price to pull back to trend line. Also possible cup and handle formation if price retraces to the 0.618 fib. imo ATOM will have its time to shine after BTC recovers. People are taking profits off SOL and eager to move it into another smart contract layer 1. Also...

Blazin_Water Updated 

As we can see the fib bollinger bands are contracting, similar to price action during its consolidation phase after previous pumps. Anticipating another QUANT pump any day now. Could play it safe and wait for a retest of breakout but note last time QUANT pumped we never looked back. Not financial advice and always use SLs, happy trading friends.

Blazin_Water

Disclaimer: TA newbie so NOT FINANCIAL ADVICE (first post) From the charts we can clearly see the Elliott Wave Theory in play. As of right now, wave 5 is theoretically complete which will be followed by an ABC correction to the downside. According the the Elliott Wave Theory, wave 5 is at least the length of wave 1 so the current price should be a conservative...