Coinstreet

Coinstreet Updated 

15min of previous chart. Added some resistance lines, in case we breakout upwards I would like to see the resistance become support just like the broken support is now showing to provide resistance on the 0.382.

Coinstreet

Possible new triangle spotted The previous resistance trend-line has been broken and seems to provide some support after it. There could be a nice breakout coming if we break out from this triangle. I am currently long from the bottom of the (green+red)trend-line and will add to the position if we manage to breakup above the resistance of the yellow...

Coinstreet

lines shifted somehow, corrected it again in this chart.

Coinstreet

lets see if BTC can break out of this channel. Go with the direction of the break. You can also use the channel to get in as you can see in the price action on this chart. (we go below, you can short the top, it goes above, get in on the dip back to channel et cet) With the daily chart showing some bullish divergence and the RSI having reached record lows we...

Coinstreet

looks familiar :D See previous breakout chart for trade ideas

Coinstreet

Looking at the weekly, we see MAID/BTC reached pretty much the all time lows again and traded in this big triangle all year long after it consolidating this price. Here is my Daily Chart for MIAD with simple RSI. I am waiting for volume to come in and the triangle to break. ( a candle to close above or below, preferably with volume) The breakout should be...

Coinstreet

waiting to see if we break this level and make another swing lower to the bottom of the channel or below it. IF it does break down we can add to short and move stop to break even again. Not looking for longs untill we break at least the horizontal resistance or break out above these levels

Coinstreet Updated 

The bottom should be very close now in my opinion, the speed of this selloff also indicates it cannot continue for long without some consolidation or bounce. Still we see very bearish price action with the last lows continually being retested after which they fail. Changes are therefore still in favor of the bears here which is why I am still shorting the waves...

Coinstreet

same idea 1HR Candle view

Coinstreet Updated 

zooming in to the 4HR OHLC chart we can see some more detail in the swing high. Left circle is resistance, the price point where the last attempt to break out of the beartrend failed. The right circle shows what we call the break. Observed a lot in breakups like these, there is a moment of pause in the swing high, usually represented by a few candles closing and...

Coinstreet

The Daily is looking good on XMRBTC, after months of decline all the way back to the 0.883 retracement level ,which we consider a completion of a market cycle, we observe a nice swing high back above the 55 Moving Average. There is still a lack of volume compared to the previous kickoff observed last November which makes me think we could make a really big move...

Coinstreet Updated 

Bitcoin -0.13% is still trading in a bearchannel and as we see the last dip unable to make it back to the previous lows, I am turning a bit more bullish here. Confirmation should be an obvious break of this channel to the upside, with good volume and a nice swing high with bullish candles. (we dont want to see one large rejection candle) A great buy would be...

Coinstreet

Sold out of my coins, we could have 1 more swing high, but Dogecoin is known for its sudden quick rise and fall and there is no reason to think this time is going to be any different. The structure looks very similar to previous runups and as such, I expect support to come in on the 0.618 retracement fib once again. In any case I would be careful buying up here,...

Coinstreet

Here you see the same fibs on a 2HR chart. The moving averages have moved with the price. The moving average is now based on 2HR candles instead of the daily candles in the previous chart. This means the averages now show a cycle based on the 2HR and you can see the similar movement of the MA's with the daily chart. ( see our chapter market cycles) On this...

Coinstreet

Here we have some Major resistance levels that can be found by taking the last high on the daily chart and the major low after it. The major price swings are easier to identify on a heikin ashi chart. Draw a Fib Retracement from the high to the low to get these fibs. I have also added 2 Moving averages: 55 day (light blue) and a 200 day Moving Average....

Coinstreet

The 618 fibonacci falls on previous resistance which should now provide support. I prefer to scale into a new long position from the 0.50 to the 0.618 fib with a stop just below the 0.786 fib. If you are a student you can fill in the low and the high of the elephant wave in the Excel sheet to check your risk levels. Generally we like to trade while risking no...

Coinstreet

Sold out of my coins, trying to get back in in this dip. I prefer to scale into a new2 position between 0.50 and 0.618 fibonacci

Coinstreet Updated 

We have not seen a good retracement from the last major swing high. In case we dont break resistance here as shown in previous chart, I would expect first support to come in around the 0.386 level. However, this level has already bounced the price several times, so I would say its likely to go lower if we test it again. This is why my preferred area to look for...