About mePosting my trading ideas here. I appreciate criticism, so don't be shy.
LTC tipjar: LMmz8zdxtKUAqpc2NT4jF2dkBHRhZ4g39R
Will be watching ADA / BTC the next few days. I am looking for one of two possible trades.
Currently, the downtrend seems to have been broken, BUT there's no Higher High yet. So it's either a fakeout, or a delayed breakout.
1. I'll open a short close to the previous top, which is decent resistance. The profit opportunity from this trade is huge.
Trying out the Joe Ross 1-2-3 Bottom pattern. If the price goes above the previous candle's high, then point 3 is confirmed and we can enter the trade. The method is a tighter version of the double bottom formation, which would first require to watch for a penetration of resistance and then enter trade after retest.
Entry only if this current candle goes at...
Spotted this bullish channel in Dash / BTC. Opened a long entry close to the support, with the target nearing the upper bound of the channel.
The stop loss is really tight, because having a Lower Low will INVALIDATE the bullish channel.
Will be looking to enter a long position around this area. A bounce here is very likely and a tight stop loss reduces the risk of the trade.
- heavily oversold
- falling wedge
- currently on strong support
We are getting closer to a major area of interest, where the market needs to decide if you are going to end this bear cycle and start a new bull run or shake more people out of this business.
The circled zone is where the decision will be made:
- 0.382 fib resistance
- 34 fib resistance
- previous tops resistance
- cloud resistance
This is it guys. BTC just touched an important support at the confluence between MA200 and a major fib level. There's a decrease in trading volume with each lower low, so this might be a good sign. I guess it's now or never to buy the dip. Moon or DOOM!
I know a lot of people are wondering what's gonna happen next and are ready to buy around 8k. I just don't see it coming very soon. I am probably biased, because i have a bullish sentiment with respect to BTC, but here's another bullish pattern to think about: bullish gartley.
The rules are the following: "The above Gartley example shows an uptrend XA with a...
BTC finally broke that 12k resistance area and is now looking strong into the daily cloud. I would expect a retest of the 12k zone at least once before breaking out. The retest would be the perfect time to get in before the next major run.
PAY has returned to this long accumulation area and it might not stay here much longer. The overall crypto market is showing signs of recovery and PAY is a long term hold. They've had trouble with their cards (as every other company depending on WaveCrest) but they stated that new cards will be delivered at some point. When they will make the announcement that the...
BTC possible double bottom forming out through a head and shoulders. If the bottom stays on target, then we might see a huge recovery. for now, volume is low but we need to see the volume kick in after the H&S drop-down copletion.
DCR showing good signs:
- Latest uptrend managed to break the previous resistance and turn it into support.
- Also found support on the Ichi cloud.
- Weekly MACD just crossed bullish and rising.
- MA 20 recently crossed above MA 50 and about to cross MA 200, which last happened almost 1 year ago and lead to huge gains in a bull run that lasted for about 2...
This chart is lining up for a bull run very nicely. Cup and handle possibly forming, which would be first making the 4 leg of this Elliot Wave cycle, allowing for a wave 5 with a great profit potential. Buying now is kind of risky. I would suggest buying in the blue rectangle.
I did an analysis based on log chart since the beginnings. I think we should look to buy closer to the fib levels pointed out on the chart. However, there are two possible dips. Buying in the first one would be nice, but if the ABC correction happens as described in chart, we should be ready to buy on the C. Good luck!
BAT fundamentals make this a great long term hold, so i decided to take this trade in the hopes of getting a free bag. Will buy here, hope to sell most at first target and then get back in at retrace. Even if the plan fails, i'm still bullish long term on this project and i think will provide good dollar returns.
EDG signs are looking strong. Long accumulation zone + MA cross + MACD indicate a potential start of a new strong Elliot Wave cycle to previous highs. This is also dependent on BTC/USD performance, so take it slow, secure profits and let the winners ride.
We might have seen the first set in an elliot wave here. Huge volume spike 2 days ago + rising MACD + low entry price in a long term demand zone. I will enter a trade here for the long term, even if it goes south at first.