CoinDragon

CoinDragon

GNT, my lord! So good to have some bull action again after this super long bearish depression and boredom.. Miss these days.

CoinDragon

Focusing on intraday small timeframes gives you a perception that can be very dangerous to your trading decisions. Always zoom out and get a different more relative perspective.

CoinDragon

1. Volume increased 2. Capitulation volume signal 3. Breakout of descending grind 4. Retrace by 85% + to previous accumulation zone This pattern is presenting itself over quite a few mid caps. Usually it's a sign of accumulation and nearing the end of the bear grind market cycle segment. However we could have a snap of current support on btc and a nosedive,...

CoinDragon

Seeing some movement and volume on some mid cap alts. GNT being one, with the launch of their mainnet adding to it. Tax season nearly over for USA, after which we could see some nice volume re-entering the markets. Could prime for a mini AltsAreBack. Watching closely

CoinDragon

- Confirmation of bear channel (third touch = confirmation) - Resistance Held and Price reversed. - Broke below emotional number $7k

CoinDragon

Descending Triangle, can go 2 ways. Bull Scenario - Bounce off structural support to retest resistance or - Bounce to break resistance (will need large volume) ( RSI Oversold, which has shown to be a powerful indicator for probable reversal on bitcoin. ) Bear Scenario - Breakdown of structural support on strength, to $5 / $4k support ( Descending...

CoinDragon

Bitcoin loves triangles (they are very accurate the majority of the time). 1.) We just confirmed a mammoth Descending Triangle, which is a bearish signal. 2.) We can either breakdown from here, if we do on strength (large volume) -> Great short setup, with tight stops. Or horizontal support holds and we consolidate or more, retest resistance or breakout for...

CoinDragon

- Ethereum retraced 70% and hit a major structural support. - Possible bounce here if it holds. - Eth has been getting some good press lately, can have a psychological effect. - $400 is also a magnet / psychological number. USD pair as In bear markets I trade to accumulate USD, for more dry powder to get cheap $BTC.

CoinDragon

Scenarios | a: breakout of local downtrend, squeeze to wedge resistance. | b: more consolidation. | c: breakdown of major trendline/resistance/wedge to 6k resistance. In order for A or C to be more probable, we'd need some big volume candles / momentum to break those strong areas. It could take a FUD event to do so. B would give it that juice needed. I...

CoinDragon

Btc broke rising wedge, but bounced off $8400 resistance.

CoinDragon

2 probability signals for $BTC downwards continuation. Also we're on the backside of a huge parabolic blow out top - Market cycle signalling a possible end towards bear trend.

CoinDragon

1) Break 4 month trend-line and a: head down to $8k support area or b: throwback above it back into the triangle. 2) Bounce off trend-line to previous resistance/fib or more consolidation around that zone.

CoinDragon

Long DESC Trend line being probed. Strong volume increase. If it breaks, good probability of strong breakout.