GFI Has been slowly selling off over the past few weeks. It is currently at the golden pocket retracement zone and is in the middle of a swing failure pattern. If this candle closes above the blue line it would be an interesting area to long with a stop below the swing low. If price holds and pumps, a 10% pump is possible to the next major resistance. Every day...
BLUR is currently trading at the bottom of its current range and is holding this support well. I think the most probable price movement is that BLUR goes higher instead of lower. Lets see how this plays out. It's always best to long at the lows of the major range and to make sure you use the right risk management so that you don't blow up your entire...
BLUR is currently sitting at the lows of the range. It sold off from my previous entry and my stop was hit and that's okay. I only lost 2% on that trade. I'm currently long once again with my position size adjusted for only a 1% risk on this long. It's always best to long at the lows of the major range and to make sure you use the right risk management so that...
When looking at BLUR we can see that it is in a tight falling wedge pattern. This is a bullish pattern and usually breaks towards the upside most percent of the time. With this pattern being so tight, I would expect to see a bullish move up within the next 24-48 hours as long as Bitcoin doesn't completely fall off a cliff here. I'm currently long on this trade...
XLM broke out of its bearish downtrend after a 100%+ move from the XRP case verdict. After this breakout, it had a solid pump and is now sitting right below resistance. Ii can see XLM pump up to .1670 before being rejected but if it fails here I would wait for the purple line below to get retested again before entering a long trade. Every day the charts provide...
XLM has been selling off since its massive run-up. It currently swept the previous lows and is holding support locally. I entered a long position here with a stop under the previous lows. Always using risk management. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts...
ICP has broken out of its major downtrend and is now moving higher. As shown on the chart, it is currently at resistance and will need to flip that level before I can say it's likely to move higher. If this does get rejected, the next best place to long would be a retest of the diagonal lie that it broke out of. Every day the charts provide new information. You...
There's not much room/time left for AAVE to consolidate. AAVE has been making lower highs but holding support at the lows as well. After the next potential selloff to the golden pocket or the range lows, I would expect AAVE to make a very big move once the downtrend line is broken decidedly and the price consolidates above. BULLISH ONCE TRENDLINE BREAKS! Every...
Bitcoin is currently trading below the point of control. The value area low is the next target at $30,000. I will be looking to enter a long position if we sweep the lows and reclaim the lower purple line which is support. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts...
When taking a look at Bitcoin on the hourly timeframe, we can see that on a local level (Low Timeframe) Bitcoin has been very choppy. This price action is currently for the professionals or the ones that like to get REKT. I marked a few areas on the high of the range and the low of the range that I would be interested in trading as long as we get the right price...
There are a few things to look at with SwftCoin. 1. The stochastic RSI on the 1hr timeframe you'll notice is way oversold. 2. The point of control which is the yellow line, is a resistance zone that it couldn't clear. 3. The dynamic resistance right below the POC is the initial resistance that seems to be the main reason for the rejection. These 3 factors are...
When analyzing Bitcoin, we can see that we had a nice move up from the lows. After this move up, we can see on the chart that it's struggling to get past the Point Of Control. Usually when the price gets rejected from the point of control, it tends to find the Value Area Low of the range before continuing its move up of finding new lows. Since bitcoin did break...