TheDigitalStonks

TheDigitalStonks Updated 

Neo has been the easiest alt to trade lately. I was so unfortunate to close my short early because I was not confident and then bitcoin lost all its support like there wasn't any. Anyway the current formation looks like a bear flag and I think 7.30 is a good entry. As you can see there is lots of overhead resistance. My Stop loss is 7.43. Good luck.

TheDigitalStonks Updated 

Bitcoin looks like its bear flag has reached it max potential and it should drop now. Should really not cross 6850 otherwise I think we go up. Lots of overhead resistance so lets see.

TheDigitalStonks Updated 

XRP the ultimate chad coin is showing good signs on the longer term. It is a classic adam and eve bottom and looks like it will hold strong for the rest of the year. The first hurdle is the downtrend line. After that, it is merry lands.

TheDigitalStonks Updated 

Although I haven't shared this I was not keen on trading bitcoin until it entered this triangle. Now that we are here Bitcoin has shown a very strong upward reaction but hasn't come back to test the base of this triangle yet. So if it goes for the top without testing it, it would make for a very strong short position from there. Lets see. Decision time!

TheDigitalStonks Updated 

We just longed NEO and closed it for a 5% + profit. Now I am shorting it. Entry: 7.69

TheDigitalStonks Updated 

Dash looks like a strong reaction from its trendline. Further, also supported by 50 MA so with bitcoin looking good could be a nice long trade. I am already in two trades and having missed my exact entry for dash I will still wait on this personally. But looking good.

TheDigitalStonks

BTG has printed a beautiful Inverse Head and Shoulders on the hourly chart however it is up against major resistance and hasn't been able to move past it. Pick a side. I think it's going to fail. Looks like its already breaking down

TheDigitalStonks Updated 

We are testing support right now and if it holds we could test. Entry: 7.21 and targeting around 7.55.

TheDigitalStonks

Bitcoin has very strong cluster support between 6670-6750. So, for now, I think it might hold. Certain alts like NEO. EOS and Dash are also testing support while certain alts like XRP and BCH look like they have broken support. So mixed feelings. I have already posted two alt setups but I think we might need a wider stop. I'll update.

TheDigitalStonks Updated 

EOS hit my downtrend line and where did it find itself-----REJECTED!!!! Now we have two levels for a bounce i.e. the below-mentioned trendlines. 3 methods to trade this- 1) Risky trade- Long as soon as it touches the first trendline. It may not go lower. 2) Low-Risk Trade- Wait for it to touch the second trendline because I am 100% confident we will see some...

TheDigitalStonks Updated 

So XRP looks like its bouncing off the trendline. I longed at .18773 and will monitor the next few candles. I think we might be in this range if BTC consolidates here or ranges between here and 7k.

TheDigitalStonks Updated 

The price has encountered the downtrend line on several occasions and if it doesn't break past it now I think we should visit 2.37. Not trading this right now because I don't really feel the need to trade all the time.

TheDigitalStonks

Bitcoin should have hit our downtrend line yet but it may still visit it. However, if it doesn't soon enough then I think the price will move down towards the 6.5k-6.7k region and then make a move towards the line at roughly around the 7k-7.1k mark where it will encounter heavy resistance. There we will find a massive low-risk short opportunity and high-risk long...

TheDigitalStonks Updated 

Bitcoin is now moving in what looks like an ascending triangle. But often these triangles don't work exactly to the textbook. I have drawn two trendlines. On the upward break of the triangle, we will visit the downtrend line above us and upon a breakdown, we will probably test the below seen upward line. Let's see what it decides.

TheDigitalStonks Updated 

Bitcoin Gold is hardly ever mentioned. Maybe because its the chad-est of the Chad coins. Anyway, you can see the downtrend line and the uptrend line on the chart. When it gets closer to those areas I will consider taking a trade. Probability suggests that it will encounter resistance first so I favour a short now. We'll see when it gets there. Cheers!

TheDigitalStonks

Alright, guys, I'll keep it simple. We might have a small trade on our hands. I'm shorting when it hits the downtrend channel.

TheDigitalStonks Updated 

BCH looks like its in a descending triangle. Entry now: 277.05

TheDigitalStonks Updated 

BSV on the 15 minute time frame is moving within a triangle. I will short if it hits the top and wait for a reaction. If it breaks up I will take the loss. On the other hand if it breaks down I will wait for a retest and short it.Good luck!