Motrok

Motrok

As you can see, even after yesterdays dump IOTA maintained its channel. This is a great r/r with a very solid, several times tested channel. Always remember to set stop loss. Safe trades!

Motrok

On the 1h there is a very clearly defined ascending channel. As with all channels, you can rather safely trade them long or short depending on where they should bounce, with a very tight SL. Safe trades.

Motrok

After almost a month of steady decline, Tron finally started a rally which has seen gains of over 30% on the past few days. It has now formed a HUGE bearish pennant which should resolve down hard, specially since lately when BTC rallies, alts go down and when btc drops... alts go down. If BTC keeps on lateralizing it might climb a bit but my money is on a steep...

Motrok

As you can see marked by the red arrow, it's been almost 72 hours (three whole days) that ema9 doesn't cross sma20 on its way down. Being one of my favorite setups, and since we are right now just about to see that crossing, this looks like a decent opportunity for a short, with a close stop loss. The r/r is not the greatest but in periods of low volatility, you...

Motrok

It might look like a channel.... but if you extend the lines you can see that they are actually not parallel to each other. BTC is forming a very wide, very long, very big RISING WEDGE on the 4h timeframe. Today we already had an opportunity for daytraders to scalp (see my chart from earlier, perfect entry and perfect profit) but the dip was very rapidly bought...

Motrok

Since we haven't had much price action after the ETF decision, a trader must look for opportunities wherever he or she can find them. Yesterday we managed to maintain a slight upwards trend. On the 30m timeframe we can see that ema9 hasn't crossed sma20 in almost a day, which is not common. The uptrend that is holding the price is very steep now (marked by the...

Motrok

After breaking the triangle following btc's dump, ETH has confirmed its downward trend. The R/R is not as great as on IOTA (see my other ideas) but it's still decent por a quick profit. Of course it does depend on BTC to continue dumping, if it pumps it will most likely drag the market up with it, so use stop losses as always.

Motrok

After yesterdays failed pump, (it technically DID break up but since it was a byproduct of BTC's blatant manipulation I chose to ignore it) Iota broke down the symmetrical triangle and confirmed in 4h, a good enough timeframe, our short entry. Right now, setup looks very promising and barring any other BTC pump we should see at least a 20% retrace to our previous...

Motrok

This is weird. It looks like THE PERFECT HEAD AND SHOULDERS, but it is missing two key components of the pattern: - It is coming from a bull trend, like every H&S should. It is very clearly coming from a downtrend. - Volume from the right shoulder SHOULD be lower than volume from the left shoulders... and quite clearly that is not the case. However, it's so...

Motrok

After yesterdays.... let's say.... "event", I saw that it was just one market buy but noone followed along. I'm sure the whale made its money, but once I realized that the market didn't want to pump, I decided to not let my (now underwater) short close, and add up at the top of a rather mature resistance that started forming once we left the bottom at 5870. The...

Motrok

As you can see on the 4h, after breaking down a channel several days ago IOTA started forming a symmetrical triangle which is about to end. This gives amazing return opportunities with minimal stop loss potential. My money is on a short, but it could go either way. If there is even a wiff of a dump on btc, I am pretty sure we can go to at least the mid .40s You...

Motrok

The 30m chart is way overextended on this slow crawl up (purple line). The resistance it formed is now waaay to steep and even tho it managed to break a resistance (orange line, drawn on 4h, see my chart from earlier today) and is now ready to take, at least, a small scalpable dip. Since SL is so close, this is a risky move, but could net some good money. We have...

Motrok

ETH as most altcoins is heavily influenced by BTC, so everything here has to be taken with a grain of salt because if BTC moves, much of it could be moot. Still, there is a clear symmetrical triangle on 4h here, which is also itself part of a bigger Ascending triangle on the same timeframe. It has been trying to break down over the past 12 hours and has been most...

Motrok

After yesterdays dump I was supremely confident that we would be testing our local low of 5850 again. Boy was I humbled. After adding to my already considerable short at 6300, after the wall at 6310 fell (and what an epic battle that was, the volume was just insane) I was suprised to see how bears ran out of fuel at 6245. Fortunately I had set a stop loss for the...

Motrok

All the lines on this chart have been drawn on a 4h timescale. Usually when you draw in any timeframe and a longer one confirms the same pattern, you have something good. As you can see on my other posts, that huge ascending triangle has been decisively broken, and today we failed to get back into it. That straight line at around 6310 is our last line of defense...

Motrok

Yesterday was an interesting day. After a clear confirmation of the triangle being broken, there was a HUGE spike in buying volume which pushed the price up to mid 6500's, where it met resistance yet again, as it had a few days ago. If it was a whale, it sure didn't find any follow up, since as soon as he stopped buying, volume dropped, and the price stayed for a...

Motrok

After yesterdays ema9/sma20 crossing I was expecting a huge dump. Instead, BTC found a new diagonal support and formed a channel (as indicated by the orange dotted lines). At the same time, that line helped build an ascending triangle which, being a bilateral pattern, could resolve either way. I am still holding my short since I consider my entry to be good and...

Motrok Updated 

I've marked the last times that it happened. As you can see, we dumped hard. This is one of my personal favorite setups and since we've failed to rally back up to yesterdays price, I feel a dump very likely in the next few hours. Low volume, the crossing, and the failure to regain price. All pieces are set. Target is 6120 for first take profit, 5850 for last one.