LucidDreamsx

LucidDreamsx

Regardless of which neckline you chose to consider your "breakout entry" for the inverse head and shoulders play on solana, targeting the previous resistance is still a modest 2x opportunity. I would wait at least for a daily break and retest to enter the trade. But we might not get it, so keep that in mind. The R:R of this trade is just too juicy to miss....

LucidDreamsx

FET Been in the channel for too long. Currently finding support in the middle line of the channel. Fib taken from the high to the local low shows a lot of resistance around 39-41c. A closure above that would be bullish. However, a closure below the middle line of the channel would be mega bearish. The next level of confluence and support is between 13-18c.

LucidDreamsx

The forgotten luna has a good RR setup. I would wait for a few days of closure above or below. No bias here. Just looking to make some $$$. Fake outs are rough. Stay safe. Stay smart.

LucidDreamsx

Massive Bull Pennant forming on ILV. Risk to reward looks good here. Gonna give this a try. A break down from the pennant also give opportunity. Will take the short side if that unfolds. With the launch of the game on march 8th, a lot of players may buy illuvium to check out the game/ecosystem. Stay spot. Stay safe. Stay Lucid.

LucidDreamsx

This coin has been in watchlist for weeks. We are finally close to apex/decision time. A symmetrical triangle or an ascending triangle or whatever triangle you could adjust in your charts. I think it would all depend on Bitcoin. However, this risk to reward ratio on this trade is really good. A 33m market cap with daily 24H volume fluctuating, I think more...

LucidDreamsx

Inverse head and shoulders forming. Breakout above the trend line can initiate a really good R:R trade. Patiently waiting for confirmations.

LucidDreamsx

Altura has been in this channel for months. The idea is pretty simple here. A breakout and successful retest would be a good entry. Couple rejections from the top of the channel and you know what to do. EASY.

LucidDreamsx

I don't see us having a chance to buy at the green box prices anytime soon. I think first 2 weeks of June will consist of bullish news pumping the markets 10-20% before the real pain would come later in the month. I would stick to the plan, taking out emotions and letting plan abc ride.

LucidDreamsx

A bullish rectangle or a Perfect rejection of the trend line? Another retrace to 382?

LucidDreamsx

SOL/BTC With the general uptrend in the alts, I wouldn't say Solana is lagging behind. A few more weeks and its decision time. :)

LucidDreamsx

As the down trend continues, we finally have a sell signal flashing for the daily time frame. Could we blast off to 40-41k and liquidate some shorts? Yes, very likely. But overall I feel another bloody weekend is coming. And when the whole world and its youtubers are say 28-30k would hold, Bitcoin will again do what it does best, surprise you and dump further...

LucidDreamsx

Knowing the whales, we could be in this falling wedge for some more days. However, we if have daily candles below 35-36k region, i would be a tad bit more on the bearish side. Consumer price index report publishes @ Jan 12th 8:30 am It would definitely help taking the next trade set up. I remain bullish as the btc supply on exchanges keeps dropping and on...

LucidDreamsx

I think we should a resolution within 7-10 days. I remain bullish on the longer time frames. :)

LucidDreamsx

SHIB is really bullish on the longer time frames. I also notice that the 618 fib levels has been holding.

LucidDreamsx

Even though the indicators didnt flash a weekly sell signal last week on btc. These signals have flashed for many of the blue chip cryptos out there. Some of them are getting it now. Like planned. The dump was expected. October 18th is the First BTC ETF hearing. If that gets passed. We will see massive institutional money coming in. First ETF is on the 18th and...

LucidDreamsx

1 Day chart analysis for BTC. Please check previous post for shorter time frame analysis.

LucidDreamsx

A pull back is something we all expected. And a pull back to a major support level is always healthy for the asset. We could also be creating a new level of support around the 40k range. If 40k does break. Then I would not be taking any trades until further confirmation of the bounce range of btc.

LucidDreamsx

Possible price reversal if we break out of the descending channel. MACD also shows a possible move to the upside. However 42-43k btc would still remain a high level of resistance.