An accumulation zone occurred after the last pump and dump cycle.
Expect to see another move up where these traders want out ( from the last cycle).
Once those traders are out, they will buy again but most likely at a higher price.
Wait for the pullback and stop hunt before getting in for a long term play for the next 6-12 months.
Real adaption for GeneisVision...
Stoploss under previous low
Takeprofit at 61.8% of last move down. Lock in profits at 50% Fibo
Once we get the Takeprofit we will place more buylimits around 50% of the move up for the retracement bounce.
near a potential double bottom, within a bearish channel. Waiting for more consolidation and support to establish( not broken). If the previous low is broken, the analysis is invalid and we wait for more price action before another analysis.
1 - A break of support ( wedge and previous low)
2- Momentum to the down side continues ( Moving averages acting as resistance)
3- Targeting FIbo Extensions for possible Take profits
1 - A break of support ( ascending triangle and previous low)
2- Momentum to the down side continues ( Moving averages acting as resistance)
3- Targeting FIbo Extensions for possible Take profits
Similar as the $ADABTC short setup.
1 - bearish channel
2 - previous support broke and was retested
3 - momentum to the downside
4 - moving averages acting as resistance
Sell on any upper channel resistance ,
for the strong hands, buy on the lower channel ( or wait for the next fibo extension target near the twos)
Alt Season went through another temporary bear cycle while bitcoin danced around 9-10k for the last month.
Now that bitcoin is building an extended triangle staying within 10500 - 12500 we will see some moves on quality Alt Coins.
Reward: Stoploss and Takeprofit are set with 2x reward.
Duration: Expected trade duration 2-5 days
Sentiment: Bearish with new lows...
1 - 0.23 fib retracement held strong
2 - momentum continues with some profit taking on fibo extensions
3 - targeting Previous highs around 11560 ( different values for every exchange) check the charts yourself.
4 - liquidations on short side continue and dip buying forcing higher lows on smaller timeframes
5 - 10k psychological levels broken means bull rally...
SIGNAL: A classic channel breakout pattern developing on ICX/BTC .
HOW TO TRADE THE SIGNAL:Breakout has already confirmed. I was a little late to the party but the risk(1) to reward (2.2) is valide trade setup.
HIGHLIGHTS: Pantera Capital's baby.
SIGNAL: A classic inverse head and shoulders pattern developing on GVT/BTC.
HOW TO TRADE THE SIGNAL: Wait for the breakout or start Dollar Cost averaging within the Stoploss zone. If the shoulder breaks ( doesn't hold as support) we take a loss and exit back into bitcoin.
HIGHLIGHTS: This platform allows you to invest with your usdt, eth, btc, and the GVT...
Fundamentals: Google Trends for bitcoin has been decreasing , while new partnerships and exchanges continue to raise. Crypto is only growing and getting ready for the next bullrun
Technicals: Bull Run with consolidation. Inside Large Wedge, near bottom Wedge channel with a great opportunity to potentially buy the recent Higher Low.
The Risk/reward is excellent on...
Bitcoin bounced of 7200 , indicating alt session will get some needed love over the next few days. If bitcoin holds above 7200, this would indicate a Higher low and the consolidation continues to the upside now. XRP has been over sold and now its a good opportunity based on the risk/reward criteria. This is not a hope and hold but an actual calculationed risk per...
Fundamentals: Power Ledger has unveiled the first commercial deployment of its energy trading platform in the United States
Pumpamentals: Buy Low, Sell High
Technicals: Bearish channel broken, At lows, with a Risk 1 to earn 3.7
Trading is about managing risk and being able to let the winners run. This is a good setup to let your winner run. Set the stoploss and...
Coin of the day is Bytecoin. #BCN
Bytecoin is an open-sourced decentralized cryptocurrency with untraceable payments that was started in 2012.
The team has been quite anonymous since the creation of Bytecoin since it was a coin focused on Untraceable transaction. However just recently, they have opened up multiple communication channels to create a community...
price 454 is 61.8% retracement of last down move from recent highs to lows of 430ish
expecting limited upside move and push to 444 in short term
Performance - fx4btc.com
