Price still looks weak. Getting rejected from an 4H mitigation block atm.
But I see a chance of a raid of the 2 equal highs into the 4H block or the 4H breaker above.
I will add to my position in both areas with a SL at 6670. Tighter SL would be 6660.
Idea has confluence with a 3D OB/EQ, monthly open and weekly EQ. Would prefer a quick spike into the...
After the good SEC news, we finally are in a relief rally. Don't get too excited. We are still in a bear market, and BTC can dump any moment. Higher timeframes look all like :poop: If we get above 7100 I will change my view. Until then the bears are in control.
This rally brings two good shorting opportunities, the 6750-6800 and the 6950-7100 levels.
BINANCE:ADABTC offers a nice setup for a rally.
- Cup and Handle
- Hidden bullish divergence on 1H and 4H
- Lots of possible incoming golden crosses on 4H up to 1D
Entry 1 | Conditional 3030
SL 1 | 2970
Entry 2 | 2700-2800
SL 2 | Below the bottom of handle
Good luck and trade safe!
Hello traders, I hope everyone had a nice New Year's Eve. Found another gorgeous setup like my last post TRX.
Quantstamp is in a nice uptrend and and is offering a good setup for its next ATH.
Because the RSI is slightly overbought I expect a little cool down between 12h-36h.
Safe entry with confirmed breakout: 3000 sats
Ideal entry for maximum %: 0.786 Fib...
Hello Traders, I hope everyone had a nice Christmas.
Here my quick update on $btc:
BTC is looking bearish. The Head and Shoulders is about to confirm with breaking the neckline.
This would cause the start of a violent drop to the shown target area.
We might get a small break and more sideways movement because of the RSI which is close to its support...
Tron offers a great setup for a breakout to a new ATH.
BINANCE:TRXBTC is close to
- breaking out of a bullish pennant
- breaking out of the cloud on 4h
- breaking the cup and handle neckline
- a Tenkan/Kijun cross above the cloud
- Kijun/Price cross above the cloud
This would mean we have 5 very bullish signals in a short amount of time and will most likely...
BITTREX:XVGBTC is setting up for another big pump.
I noticed a pattern of bullish flag breakouts followed by cup and handles. Verge just broke out of its flag and started its retest of the current ATH.
Very bullish on this for several reasons. Firstly it's a great project, it gets a lot of attention and hype at the moment. Secondly the chart gives a high...
BTC looks a lot better and managed to shake off the bears with a Double Bottom breakout.
There were enough bullish signs for me to reenter and my cond. buy order at 15k filled.
The low volume is the only thing I don't like but this could be related to the holidays.
It remains to be seen if we can break out of the Kumo Cloud and pick up some volume for a trend...
Correction goes as expected and BITTREX:BTCUSDT looks weak. I expect 1-2 days of side way movement followed by the drop to the next important support zone around $8000.
Alts should do well in the meanwhile but as soon BTC will start its drop, alts will go down with it.
BTC is looking better after the expected drop last night. Needed a cool down after the last bull weeks.
We bounced perfectly off of the $11000 support line and recovered quite well. I was able to reenter at $11300.
But there is a high chance this the storm is not over yet.
Breaking the November support trendline, what turned into resistance, would be the...
Here my thoughts on $btc.
Lots of bearish signals and I can't find many bullish ones besides btc recovered fast after several drops down to the 4h cloud top. But I see btc entering the cloud soon for a couple reasons.
- Tenkan/Kijun Cross (happenend the last time early Nov at the sell off from $7800 to $5400)
- after the bearish T/K cross we dropped 23% and...
I see a good swing trade oppurtunity for or buy to HODL for BITTREX:WAVESBTC.
Cup and handle.
Breaking neckline around 0.00095-0.00955 gives the confirmation for the entry.
Another good entry would be close to the bottomline of the pennant.
$waves: This is an absolute beauty long term BITTREX:WAVESBTC
Bought it right after the breakout of the long falling wedge at 0.00055 BTC to HODL but still has so much potential long term especially because there is also a good short term setup and a strong increase in volume.
Still lots of room on the RSI 1D for a move up to the 38.2% fib.
- increasing volume
- breakout from long falling wedge
- bullish price/Kumo cloud cross
- cup and handle about to complete
I believe BITTREX:KMDBTC will be one of the biggest gainers 2018. Chart looks great and there is a lot of potential upwards because of the high price mid last year, not to forget it's a great project.
Good news for the next days/weeks...
2017 support line still active and we bounced 2x times off. Therefore we are still bullish long term. Descending triangle bottom line can be support but not sure if it will if we close some candles under the 2017 trendline.
Most likely scenarios are we continue to be bullish and break out upwards of the triangle to continue a run to 13-15k following by a bigger...