Atom looks ripe for a 10-15% scalp at $14.1 down to about $12. There is an ascending channel printed and it's capping it. If it holds above 14 this is invalidated but there is an ascending wedge on 1hr chart which usually break down. God speed.
Not much happening - btc has touched down onsupport and I suspect will trade into 18.8-19k price agreement before seeing a potentially large move. I'm still a little on the fence about a lot more downturn but the market has been impossible to predict. Despite the hawish messaging, I think the fed'll probably turn more dovish, especially once they start to see the...
The DXY seems to be printing into an ascending wedge after a long uptrend which is a possible reversal signal. Some stats on ascending wedge (source: www.centralcharts.com) - In 82% of cases, the exit is bearish. - In 55% of cases, a rising wedge is a reversal pattern. - In 63% of cases, the pattern’s price objective is achieved when the support line is broken. -...
I posted another idea earlier which I'd recommend you look at. I'm seeing a clearer confirmation of a trend reversal into the next week or two. 19.9 has been tested and a new channel has a couple taps in an uptrend. If 19.9 can be maintained, I'd expect some upward momentum in BTC and the broader market. Once powell comes back into the light I'd watch for...
ADA has hard fork set for sept. Despite the fact that Sept is historically bearish, I am eyeing a near 100% move if ADA can clear .55-.58. It's currently set above .48 which is very bullish. BTC is set up for another massive move as well, and despite the fed signalling massive rate hikes, the market doesn't believe them and they've lost all credibility. Until the...
ADA has hard fork set for sept. Despite the fact that Sept is historically bearish, I am eyeing a near 100% move if ADA can clear .55-.58. It's currently set above .48 which is very bullish. BTC is set up for another massive move as well, and despite the fed signalling massive rate hikes, the market doesn't believe them and they've lost all credibility. Until the...
Was trying to figure out how to use kraken futures so a little late to the party but DOT has broken trend on the AUSD hack. AUSD Acala USD stable coin was compromised creating billions in assets on the chain dropping the asset value to near 0 on some exchanges. ACA is the governance token, but the world is seeing the news and appear to be dumping DOT as well so I...
Is BTC weakening? TV chat is mostly calling short, which to me is a great fade. I'm holding the longs posted. ETC short was the only one that ate dirt for 11/10 trades in profit in the last week and a bit. all trades posted are 1:5 rr, so we're looking super good - 3 trades in profit right now. BTC is shaking out longs at 23800 still. BTC watch at 23600-23800, I...
I opened my 4th trade this week on EGLD on a bullish structural breakout. It's in profit at the moment. 65 entry for the long 55 SL (but close earlier if btc turns) 100 area target. 67 resistance, 63 support areas to watch. Play the price action.
Eth isn't breakout out while BTCD futures appear on a breakout at BTC tests above 23800 - I posted another idea earlier. I just saw @Solldy post about this a moment ago too as I was charting this - one of the few I really trust! I think that BTC probably fixes below support - it may wave above it so I put a pretty bit SL zone in this trade at 1800 with an TP3 at...
I think XRP may end up running up with BTC towards .5 to fill the gap. XRP may be a better one to hodl - has a lot of risk. It has a nice basing formation w/ BTC so if BTC does break 23800 area, I feel like XRP may end up filling the gap along with BTC. The case seems to have a lot of suspense with judge getting frustrated w/ the SEC. I may not play this one but...
I see a long towards .51 or .515. Maybe maybe doesn't hold it, but if we can break .515 we good. Either way, this is at least a point or two to scrape
ETH is the dominant market player right now but BTC Dominance is breaking out and BTC is attempting 23800. We could potentially see ETH short from 1730 and BTC longing here towards 28k to fill the gap if ETH breaks down and BTC breaks up. Forming up BTC will also form up many of the alts that have been looking ultra bullish but haven't been clearing levels. ADA...
Downtrend continues, probably a nice long scalp if 22600 can hold. I'm going to stay out of the market until there is some clarity that that point will hold, or find an area around towards 23k to enter another short. I don't like trading periods like this where new levels are getting tested so I'll probably sit out for a couple days.
I'm short on the market looking at alts. I would expect btc to test a couple areas - 23200 is a major resistance zone and 23400. I would short the asset in that range ideally, but I'd get short immediately and ladder in. I'm short on ada but as always, we must trade alts on btc. I would expect dread to penetrate the market today on the SOL hack news. Don't even...
Ada broke from descending channel today - been scalping it hard. Here we find resistance levels at .51 and .515 and I think that .51 is the one that is going to be the top of the market here. My average short entry is 0.50840 on a 15x short, up 4% now on this entry. SL I would set pretty high - mine is 0.51740 - and I will ride this short as a longer term short...
If the tape holds above 22800 on btc and above .5 on ada, I would long ada towards .515. If it can't hold, short it - have to look for targets on the short still. Market rekt today on sol news so it's pretty fearful. I think btc will still hold 22800 and this is my play from here.
Easy set up today - ADA is consolidating into an ascending triangle. BTC is holding 23400 but ADA is unable to clear .515 on a breakout attempt. The real resistance level is .515 from what I can see. I would wait a bit and hedge from the top and bottom of the channel, and play the breakout dropping the loosing position on the breakout and confirmation as it's...