Hi Guys, I have been fairly quiet since the long sad winter of crypto. However, I did accumulate quite a bit of Bitcoin in last December at the Average price of 3450USD.
As everyone, I am also astonished about the turn events of BTC. Yes i feel like i have caught the bottom, but i expected atleast another year of slow accumulation Sub 6k
This post today is to...
EOS is nearing the 276 day uptrend which has held very strong and bounced off aggressively.
We are also nearing a previous daily close meeting the trendline which is high confluence
with oversold RSI conditions and volume squeeze.
Entry: 977 - 1020
Stop Loss: Close Below 830
Risk:Reward = 14.5% :...
AE Has reach a very critical support and Orderblock.
This support was the resistance AE had such a hard time breaking before running off.
I believe we are entering an accumulation area for this coin. We have bullish divergence on 1h,4h and D1 RSI
With strong confluence across the board here is the entry:
BTC looking for a very short term retracement
I will enter the short on violation of previous low and retest.
Targets are 6535.6 and 6451.6
Both targets are previous trends and fibonnaci levels. R/R is 4.06
Chance of -7% for 30%
Trade only initiates after retest of 6660 as resistance otherwise invalid
This is a small guide and clarification on Key points how to identify and trade a Head and Shoulders pattern.
First off A head and shoulders is made of three key components
A) Left shoulder
C) Right shoulder
In this formation at the attempt of reversal from BTC 5.40% , we can clearly identify these components. Some counter arguments have sprouted...
ADA looking to break the 3rd uptrend of a FAN pattern.
3rd times the charm, Entry is upon breakout and retest of support as resistance at 2230
Target is 2140-2170
Risk:Reward = 1.5:3.10 (2.16 Ratio)
Stop loss at 2256 above resistance once broken down
BTC has astonishingly been ranging between 6800 and 5750 area for the past 33 days. This marks the longest
trading range we have had since 20k highs.
This analysis is for the near term and not a trend reversal prediction. Please do your own research before taking a trade.
Having said that we have a couple of things to note and start this...
MFT Has just broken downtrend + sideways movement with a nice burst of volume confirming trend.
High Rsi and Stoch shows us a retracement in play where we can re enter and join the bullish flow of volume to profit.
Entry - 260-270
Stop Loss: 245
Currently Testing support after downtrend and sideways breakout. Here we can trade for a retracement.
Remember to leave money for this trade to scale down in case of retracement.
Entry - 3100-3200
Scale down - 2800-2900
Many alts have found market bottom after the recent crash with a promising reversal on the way.
IOST Has finished ABC correction after 1st impulse.
Hidden Bullish Divergence is clear with BOTH RSI and STOCH. MACD is also crossed over bullish.
R/R for this trade is -25% for a chance of 142%.
Buy in - 400-420
Stop Loss: 289
Just landed with a double bottom which it broke retested and ready to rise again, forming a huge rising wedge pattern which we can take advantage of on the last leg up.
Short term Targets:
T1 - 17700
T2 - 18000
T3 - 18800
Mid term Targets:
Long term Targets:
High - Target:...