Obvious bullish volume with the rise, it is obvious that the BUYERS are letting the bears take their retracement, because no bullish volume has come in, until recently. And the recent bullish volume that just came in, breaking market structure and creating a Big and Small W Double Bottom , which is one of the best bullish signs during the retracement, obviously....
Bullish engulfing going through the 10 EMA when making a retracement. The most recent volume in the bullish candle also toppled previous bear volume amounts. (Notice what has happened with this kind of signal in the past on the Weekly)
It can definitely still retrace back to the 10ema for sure, but I would start looking for buys on the D and 4h.
What a great...
Check out my Previous Dash Entry Explanation below!
Things are looking quite grand for Dash and Litecoin in the very near future.
Since our first entry, we saw Dash break up with a good amount of bullish volume behind it. Also note that on most of these cryptos, the bearish volume doesn't compete. (for that long at least)
We got a reversal formation both...
On the Daily (right chart) we can see that price broke above the pennent that appears all the time in these cryptos and are very telling when broken. The wicks and support at 2400ish are quite telling as well. Over on the 4h chart, we can see it recent made a very divergent W that broke both the Bearish Trendline in the pennent, and broke the bearish market...
SAME REASONS EXACTLY AS MY DASH BTC IDEA. PLEASE CHECK IT OUT. :)
i fricken ran out of character spaces when making that Dash Idea. But I really want people to work and check out this leveraged option for trading these cryptos, only waiting for the most obvious signs with higher timeframe confirmations, and maybe most importantly, the way the 10 ema reversal...
Alright guys. Been working and backtesting this. There's so much money to be made, and the opportunity to flip accounts quickly and safely are at an all time high, thanks to the de-centralized and mostly unmanipulated marketplace, making the market (charts) very transparent for the experienced technical trader.
So with any trade there's a couple simple principles...
Nice W off of the 61.8, broke the recent lower high of the W.
Respecting major trendlines, 61.8, and overly bullish volume.
Enter on the retracement of the current leg it is making to finish off the W.
Happy Trading :)
Whenever you see a obvious trend retracement, and then price makes a divergent M or W at the 61.8, you know you will be having good dreams tonight.
Also, Bearish TL break and Major TL respect and bounce. Obvious bullish volume.
Cryptos are providing us with a extremely transparent and mostly unmanipulated market.
Litecoin finally ready to burst!
Let's see what we got here.
Taking to low to high of the leg, price has retraced multiple times and has shown resistance to that 61.8 golden fib as well as the 25 dollar zone, whilst respecting the major bullish trendling. And most recently breaking the bearish trend line of the major retracement. So I would say if you have been...