Took a long on bitcoin about 6 hours ago after our short it vip. Dominance seems to be trading in a channel. I expect dominance to test lower support, while bitcoin holds, and alts have a little rally. The bulls lost the fight for the 4hr 200ema. Let's see how hard a fight the put up for this support right here. So far looking good, but It's only been a few hours....
Taking a trade here on RVN. With bitcoin flirting with the 9.3k trendline, and dominance trading in either a channel or a wedge, good looking alts charts may do very well for a few days to come. Let's see what I can squeeze out of this.
Reasons for Trade: -Bullish Rsi divergence -Increasing Volume -Bull break of wedge, 20ma tested successfully as support -Growing Recession concerns globally -Trade War Tensions Target: -2.618 fib extention previous wave -Be sure to move stoploss to average entry when Take-Profit 1 is reached.
Ohh, I think this is it for bch...lol It's probably Roger selling too...haha. No but really, with bitcoin breaking out, I believe the bottom is in for btc, so alts are going to suffer. I like this because it pumped the most.
Buying BAT here. Possible nice bounce from here as this is somewhat of a triple bottom. A sideways bitcoin would facilitate these profits very quickly I believe. Let's keep an eye on it and see what we can get out of this.
Btc breaking out, Dominance breaking out. Us Government is trembling in their shoes. Short the alts, Close all alts longs, long btc. Have a good day!!!
Looks like it was a fake bear break on btc. As soon as the market went bearish it started to pump. Let's see if this is a rocked ship, or a fire cracker. We had a falling wedge that we broke bear on, and then pumped right back into it. Now pumped through it and testing it for support. It's just a fight right now between the bears and the bulls at the 4hr 200ema....
Alright guys, I'm taking a trade here on ENJ. It seems to have a bull break on a falling wedge with a considerable amount of volume. Currently testing the break for support. We are laddering orders down to 960. Let's see what fills and if we successfully test for support how high we can ride this.
BTC is looking good to me here. We took a little profit yesterday, but got stopped out later with profit. We are currently at the 4hr 200ema which is always a buy for me. Secondly dominance is breaking out of an ascending triangle on the 15m. There might be quite a few buyers here. Let's see what we can do here.
Oversold Rsi on the 4hr, and this trendline of previous support has be bullish on this setup. This can go either way, but for me it's something I just have to trade. It's possible the correction continues down to 9k, but I feel I can squeeze some targets out of this if that is the case. LEt's see how this turns out. #BTC/USD Exchanges: BitMEX Signal Type:...
Reasons for Trade :4hr & Daily Upticking Histogram Bullish Rsi Divergence Possible Bull break on falling wedge if btc dominance continues to drop, this and alts with good looking charts should get some money flowing into them. Target : Previous resistance Risk : 14% #BNB/BTC Exchanges: Binance Signal Type: Regular Entry Zone: 2735-2780 Take-Profit...
Reasons for Trade : Daily Double Bottom Daily Bullish RSI Divergence Target : Previous Resistance Risk : 3% #BAT/BTC Exchanges: Binance Signal Type: Regular Entry Zone: 2450-2525 Take-Profit Targets: 2600-2785-2985-3185-3385 Stop Targets: 2215
Reasons for Trade : 15m potential bull macd cross 4hr Bullish RSI Divergence Upticking Histogram Increasing volume Target : 1hr 200ema Risk : 15% #XRP/U19 Exchanges: BitMEX Signal Type: Regular (Long) Leverage: 15 Entry Zone: 2970-2985 Take-Profit Targets: 3010-3040-3100-3200-3275 Stop Targets: 2935
Reasons for Trade: Daily -Bullish rsi divergence -4hr potential bullish macd cross -upticking histogram -Bullish Engulfing + oversold rsi Targets: -Daily 200ema Risk: 8% #EUR/CAD Exchanges: Forex Leverage: 25 Long: 1.4680-1.4710 Targets: 1.4810-1.4875-1.4925-1.4950-1.5035 Stop Targets: 1.4625
Reasons for Trade: 1hr/4hr/Daily -Bullish rsi divergence multiple timeframes -4hr potential bullish macd cross -upticking histogram -BTC dominance rejected at 68.6 -1hr Bullish Engulfing + oversold rsi Targets: -1hr 200ema Risk: 15% #EOS/U19 Exchanges: BitMEX Signal Type: Regular (Long) Leverage: 5 Entry Zone: 4025-4075 Take-Profit Targets:...
Reasons for Trade: 4hr & Daily -Daily rsi as support -4hr potential bullish macd cross -upticking histogram -bullish rsi divergence Targets: -1;1 Fib extention of previous wave Risk: 10% #LINK/BTC Exchanges: Binance Signal Type: Regular Entry Zone: 2375-2500 Take-Profit Targets: 2600-3000-3500-4000-5000 Stop Targets: 2150
Reason for Trade: 1hr -Btc dominance broke strong resistance, alts rekt. -downticking histogram -potential bearish macd cross -established downtrend Target: -Algo target -0.236 Be sure to move stoploss to breakeven once take profit 1 has been reached. Risk:16%
-Reasons for trade: 4hr / Daily -4hr channel established -Btc rejected from trendline - Btc dominance dropping -Daily bullish rsi divergence -upticking histogram -potential macd cross Target: -Previous resistance risk 15% #BNB/BTC Exchanges: Binance Signal Type: Regular Entry Zone: 2875-2915 Take-Profit Targets: 3000-3200-3500-3800-4200 Stop Targets: 2485