After doble bottom, weekly candle close pretty bullish, closing outside the wedge and above the downtrend line.
I bought spot at 6.8k but I remain cautious, waitting for confirmation of the this bullish break, can still be a bull trap after taking the shorts.
If you follow me on twitter, I thought this pump will test again the upper side of the wedge and the downtrend line created during the first fakeout,
I remain short until a daily closing above this downtrend line and the wedge.
I still think BTC will dumb more, will test the 5.5k zone and the weekly 200 MA.
Check out those ideas posted a few...
I have openned a long position on BTC based on two factors:
Retest of support trendline (Big Blue)
Invalidation If daily candle closed below big blue line.
SL and target shown on chart.
BTC, after almost 4 months, finally broke the downtrend line that was playing as resistance. This trendline also form a descending wedge. The line finally was violently broke by a 3k pump. Since then, BTC is testing this line as support waiting for a move.
Main idea, big pump broke the descending wedge, now testing the bullish break and ready to...
I am long, after fail dump below 10k, openned a long. 4hr candle did not be able to close below up trendline (purple have been test it several times as support) and outside the simetrical triangle.
It is been a while without posting about LTC. Now it seems to be able to break the downtrend and test the next resistance,
I have openned a long position,
Target and SL in the chart,
Here is my general view for bitcoin until the end of the year,
We are in a descending wedge , this will allow to test de supply zone of 5500 - 6000 USD. Also RSI is in a very clear downtrend that end in the oversold area concurring with the final part of the wedge .
This also will allow BTC to test again the 200 weekly MA.
Then BTC will start...
I just open a long position on EOS.
It is about to break a descending wedge and ascending triangle , EMA 100 now is support and also a bull trend in RSI .
Targets and SL shown on the chart.
Last week, I bought spot on ETH at 165 USD. Yesterday daily close candle was bullish above the trendline, first resistance, now support to be test.
Now I am looking for a retest of the broken trendline to open a long position. Daily RSI looks very good for long and these targets will allow to test or even break the bullish RSI trendline.
XRP looks very interesting, bullish. Will test again the down trendline made during the las months.
Down trendline: first broke it, then lose it and now, it is going to test it again. Hopefully XRP will be successful.
Target´s and SL are show non the chart
I just open a long position on BTC with 3 targets shown on the chart. The target 3 is in the base of the big summer triangle and also will touch the daily 20EMA.
My main reason is that at least from now, BTC price has found support at 8100 USD. Big red wick in the “dump day” and tested as support in yesterday candel close.
This long will also allow...
Since the last big dump that took price from 9.5k to 8k, BTC is in an uncertain área.
In short term I have considered two main scenarios, my key line is the big red descending line.
If a daily candle close below the red line (big descending trend line ), I think BTC Price will dump to test the 6800 - 7000K área (0.236 fib). This move will allow...
As I told before, I was going to short a daily candel closing below the Green line. So I did.
Bakkt release finally did not affect the BTC Price action. My personal opinión is that Bakkt expectations has held the price above 10 K, however not anymore.
Lets see the behaviour in the base of the big traingle.
Targets and SL are shown in the...