Great pennant pattern pattern contracting on the daily chart currently. We can expect there to be a breakout in either direction most likely today or tomorrow. $.50 provides a strong support level as it is retesting the prior breakout that occurred last week. However if we break tis level we can expect a pullback to $.47 or the lower .40's shown with the green...
Looks like BAT is getting dumped with the recent Coinbase listing. However I believe this could possibly be a nice pullback providing some possible entries. Shown are the regions and levels I will look for buying to occur. With the 200 ema(red) as an additional coincidence of the blue region.
This is an aggressive Short setup Im entered into. I like the bearish edge here due to the hourly double top, and as its retesting the $6400 resistance region in which we broke down from last time. Targeting a swift move into the lower range from yesterday around $6350 and from there depending on the momentum ill look for a continuation into the $6250 buy block...
As many already know, Coinbase officially listed 0x as of yesterday. With a strong close above the prior $.85 resistance I will look to see if there is any follow through from the coinbase hype/pump.
SQ got wrecked last week, but managed to bounce at a key fib support. I expect the bullish trend to continue on this one.
Possible Swing trade with breakout of HOD from 2/9 Would trade with shares, unless intra day trade then I would use options
SQ looks to have found support after a HEALTHY retracement. I will look to add some shares to my longer term accounts as well as take advantage of some nice Intra day setups.
After consolidating below the $6600 level and hitting the upper resistance region once again with a failure to closure above prior candles, I believe there is a possibility of further downside from here. We are in a solid range the past few days however market contraction leads to market expansion... and it doesnt take a genie to tell you a larger move will be...
Taking a look at the weekly time frame, we can see the prior two weeks contracting movement forming a pennant pattern with last weeks candle being an inside candle. This is after reaching a new all time high while fulfilling the 2.382 Fibonacci extension. With that being said next week I will look for a breakout in either direction. If we go lower I believe it...
BTC is now sitting at the .50 fib level of the prior sell off, which is now acting as a resistance. If this level is taken out we may see a continuation into $6900 next. I will revisit at the session closure to see the momentum of the bulls.
The best thing that has helped my trading is to focus on all time frames to get a full read. All of the larger moves and trend change are first signaled on smaller time frames. Once you begin to understand that the charts are all fractals you see that patterns repeat and the smaller TF perspectives are just blocks of larger TF's.
ETH further potential Upside following last weeks bounce. After consolidating around the $250 resistance the last two sessions I believe for there to be further room to the upside before a further correction. I will look to take advantage of this setup with an aggressive margin trade shown below. If we get a break of $250 and the 200 EMA on the 4H I will be...
Last week we saw a surge from .28 to .80 at the highs. I am planning on BTD for a long swing this week. I am expecting for pullback to the .46 and .40 region which aligns with the .618 and .786 fib levels. If we see a bounce at these levels I will be targeting the .95 and $1.13 levels.
In my opinion I believe we are in a wave 5 of 5 on the hourly. Which is inside a current wave 3 on the 4H timeframe. I am expecting for xrp to continue into the $.50 level in the short term.
After failing to break the $7400 resistance BTC has snapped lower to the $6900 price support which once broken has resulted in a quick continuation lower. It was crucial for BTC to close above $6900 and particularly the 0.27 FIB extension in order for a chance of a further move higher to test the upper trend line resistance at $7600. This pullback was anticipated...
Aggressive Short setup. Be cautious of your stop placement as this is a highly volatile area and spikes in either direction are likely to occur.
BTC looks weak after breaking through the counter trend in the bearish direction. As well after failing to break through the $6500 resistance I believe there might be another bearish movement lower. If the $6240 support level is broken this should fall rather quickly. With the $5800 level (Blue region) being met once again. Ill reassesses at that point as it will...
Scalp setup. I expect this one to move quickly if EMA's and trendline are broken.