deadremains

deadremains

Good morning all! After a strong bounce with good buy volume (from around 5880), I'm looking to ride a long to previous support. The ideal scenario would be a clean break of 6280, hold above for an S/R flip and move to the upside for a small 5% long. Time will tell as the H1 plays out, but if H4 holds nicely and confirms the direction, my confidence will...

deadremains

A great opportunity for a weekend long here. Averaging down during the current H1 dip will increase chances of profitability on the way back up. Assuming everything plays out here, we should be looking at around 5% gain for TP 1 and 8% gain for TP 2 (just under heavy resistance).

deadremains

Hello all! We can see on the H4, that QTMBTC successfully landed on the support side after a successful rounded retest. I've scribbled the general outline above. A long here into previous support (around 5245) for a 15% gain would be a successful execution of this idea. Stop below new found "support". Idea would be invalidated below this point.

deadremains

If we pop 4423 (marked in red) and hold, then I'll be looking for a convincing S/R flip. Stop loss set just below previous resistance.

deadremains Updated 

Good evening chaps! While the majority of us were waiting on a breakout from the neckline, BTC tripped and bumped it's head. (And that's exactly why you don't pull the trigger without confirmation first). Looking a little closer on the 4h chart, we can see a bear flag forming. With shorts stacked fairly low at the moment, we would really need to see some...

deadremains

Morning chaps! As you can see from the most recent candle close (right on the sloping neckline), we're starting to form a fairly textbook inverse H&S. Buying volume has increased but we've still got the 50 EMA (in orange) closing in as overhead resistance. Closing above the neckline, blue horizontal resistance and 50 EMA will confirm my current bias. To...

deadremains

Hello chaps! I'm looking at a long here with the first target set at 0.00003270. My theory is; a double bottom style bounce due to strong previous support on the swing lows. Now, I know Altcoin support zones are laughably thin, so my stop would be set quite aggressively at around 0.00002830 mark (just under any previous wicks). RSI might be just teasing us...

deadremains Updated 

Good evening chaps! It's been a while since I've posted... something about a year long bear market that makes you rethink your trading strategies. Anyway, since we've been hearing a lot about this inverse H&S, I thought it time to jump back in and place a small trade to wet the whistle. My play is based on a conservative buy if resistance (neckline) becomes...

deadremains

I'm still keeping a close eye on this H&S formation, but after further research, a downward sloping neckline doesn't appear overly bullish and as such may be enough of a reason not to risk the trade. If BTC breaks above the neckline and holds/bounces above previous resistance, I may still be interested in taking the trade. I certainly don't have high hopes for a...

deadremains

Good Day Chaps! Certainly an exciting time to be trading Vibe right now. Things are starting to look up after taking such a heavy dive over the past 10 days. I usually pay more attention to the 4 hour, but after switching to the daily, something immediately jumped out at me... I'm sure you see it too right; a big fat Bullish Engulfing Dildo following that...

deadremains

Good day chaps! I'v been keeping a close eye on NEBL recently as it's been approaching the peak of the previous high (around 15500). We can see some strong resistance as it continuously bangs it's head against against the 15500 mark. The RSI is screaming divergence at this stage, so I hold little hope for a breakout without some relentless buying volume. I...

deadremains

Good day chaps! Looking back at my previous analysis, we can see the breakout of the main downtrend (indicated by the dotted white line) has successfully maintained a steady and healthy momentum in the right direction... for me anyway :) Whilst the candles tighten up to form what looks like a bullish pennant, I can't help but notice the beginning of a cup and...

deadremains

Good day chaps! Looks like we could be witnessing a true breakout from the downtrend! Looking at the four hour, we are seeing higher highs on both the candles and the RSI. Coming out of a downtrend, this appears positive to me, when coupled with the increasing volume. At the time of writing, the two blue arrows are indicative of higher highs on the RSI (all eyes...