coinselor

coinselor

PotCoin has been ranging for almost 4 months. Remember my altcoin trading maxim: 'When a range forms, pay attention. When a range breaks, take action.' The technical picture is so clear when you analyze some of these OG coins. BITTREX:POTBTC Market Cap: $1,445,499 USD 178 BTC

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It is not easy to find an old school gem with price action going back all the way to 2014 that is behaving nicely from a technical perspective. Rounding bottom, breakout with volume and know consolidating above support. A safer trade would be to place the stop at a new low below red line. The reason for this is the expected volatility increase and the fact that...

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Time to pay attention at BLOCKv. It has been forming an ascending triangle for the last 75 days. This is one of the most consistent reversal patterns I see in cryptocurrencies. Additionally, a breakout above this triangle will set up a ridiculously good risk-reward trade. BITTREX:VEEBTC Market Cap: $5,454,500 USD 673 BTC

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Fanstime just broke out above previous resistance, setting a new 69-day high. As you already knew, I like buying strength and selling weakness. In general, alt coins trend pretty hard. They are either going up or going down. You very rarely see them range. In fact, a ranging alt coin is a sign to pay attention. This is not the greatest risk reward and volatility...

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Wings has been setting higher highs and higher lows for the last 3 months. I am looking for this price area to hold as support and consider entering a very nice 1:12 risk-reward ratio trade. There is a lot of confluence with how the altcoin market has been behaving since mid July. HITBTC:WINGSBTC Market Cap: $3,519,493 USD 439 BTC

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Talk about a micro cap forming a beautifully technical rounding bottom. Waiting for price to set up a new 69-day high before considering buying. Incredible risk-reward if you are willing to hold this position for a long period of time. This is a token from a delisted XCP (counterparty) blockchain. Proceed at your own risk. BITTREX:FLDCBTC Market Cap:...

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Very simple setup. Consolidating for 2 months above the most recent low, forming a rounding bottom. New 63-day high breakout signals entry level. Significant S/R level protects our stop. BITTREX:MLNBTC Market Cap: $4,854,377 USD 604 BTC

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As anticipated a couple days ago, we had a daily close and a new 65-day high. An intraday (6h) time frame showed a clear bounce of support. Entry was executed as per the chart indicator at 461. Even though I am showing two targets, I like to hold these trend-following trades for longer or until the evolving risk:reward doesn't make much sense. As you can see,...

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Let's add one more alt to the bucket of charts that look good for a long position... Round bottom, New 60-day high, breakout above key S/R level, Strong weekly/daily momentum, Average volatility, decent Risk:Reward.

coinselor Updated 

In line with our bullish Alt/BTC view, Chronobank after a prolonged downtrend has been forming a Head & Shoulders reversal pattern. A breakout above the neckline would confirm this classical chart formation. Depending on volatility there might or might not be an actionable trade when it occurs. Will revisit this idea then.

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Another day, another alt with a new high. In this case, Ambrosus's ascending triangle was confirmed with a breakout. Unfortunately, I was too late to spot this trade. Price is slightly too extended for my liking. Ideally, I would employ a trend-following strategy by buying strength after a breakout (new highs) but given the risk-reward ratio offered by this...

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After forming a symmetrical triangle for 2 months, Matic finally broke up with 3x the average volume as of writing this. This is a trend-following type trade. We entry after setting a new ~40-day high. In the chart, you can see risk:reward and stop loss placement. SL is placed according to current market volatility and a critical S/R level.

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Weekly round bottom. Very clear 98-day high breakout and S/R Flip. Two trade ideas depending on how long you would like to hold the trade. The longer the holding period the better the risk-reward ratio. If a shorter holding period is preferred, I'd advise waiting for a full retracement to the S/R level (red line) before entering a position. BINANCE:POABTC ...

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As anticipated when the triangle was forming (see related ideas), an entry could have been taken right after breakout. If you missed the entry, the only other option is to wait for a full swing retest of the breakout level. This is unlikely to happen. HITBTC:MCOBTC Market Cap: $53,568,932 USD 6,244 BTC

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Very good looking rounding bottom forming in NKN. Even though it already had a new 75-day breakout high, the trade that makes sense to me is waiting for a retest of the S/R level being flipped. It doesn't have to be a swing as drawn in the chart, it can just a be an intraday wick. BITTREX:NKNBTC Market Cap: $10,519,156 USD 1,227 BTC

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There is a very significant S/R flip occurring in RVN after a weekly rounding bottom. The risk-reward idea is defined between two very significant levels. The amount of alts forming long-term reversal patterns is staggering. BINANCE:RVNBTC Market Cap: $174,202,861 USD 20,276 BTC

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This is a trend-following idea. TT marked a double bottom, broke above resistance and is exhibiting a new 69-day high. Ideally you set up a stop limit order at breakout. But you can also entry at any time during the daily that still fits a similar risk-reward. Great technical placement of stop given current volatility and recent swing low. HUOBI:TTBTC Market...

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I normally would wait for the ascending triangle to break up and then try to look for a trade around the significant S/R being flipped (in this case the grey line). That said, given how the overall alt/btc market is behaving, I feel an entry as soon as we make a new high at 0.00000047 makes a lot more from a risk-reward point of view. BINANCE:VETBTC Market...