Well our first Inverse H&S as predicted and talked about over the last few ideas has been denied at the top of the down trend channel and fallen out of our upward channel.
But, fear not Bulls, although the bears are back in control it looks as if we will be forming a larger Inverse H&S. I think the rally from this new formation will bring us out of the...
Follow up idea to my last BTC idea which called the probability of a Inverse H&S pattern forming and the start of a new rally.
I had to move my third line as the set up took longer to form than I expected so I have a slightly lower target at the top of the downtrend channel (11200)
Now we are...
I'm not a fan of BCH but it is setting up nicely for a swing trade.
Just pumped from the bottom trend line so there risk/reward is not where I would like it to be at but this is an interesting set up nonetheless.
- MACD bullish crossover
- 50 EMA has just been broken
Two Targets to look out for before we reach resistance at top of triangle and pullback...
BTC has been a crazy ride as of late. I think we have found a potential bottom (short term) at around 6000 now.
I think we will retest the 9000 level where we will meet some major resistance when the 50 EMA meets the 200 EMA. This could bring us down to the 8000 level where we have found major support as of late. This may end up creating an inverse head and...
DJI and entire market set for a major correction. It will bounce along the trend lines as it has started to. We will see major volatility. If it breaks the bottom trend line my first target is 21090.
Not many people would like to believe it but we could see a retrace back to the .618 fib at 16773.
Update on my previous ripple head and shoulders post. Still following a downtrend after it broke the neckline.
It will keep following this downtrend until it hits a major support around the 0.00006800 level. Two things can happen from here - 1) it will break through the support and continue downwards to support around 0.00003800 or it will have a strong...
1) If we can break through his continuation pattern triangle we will see a run to around 14,000 then I believe we have one more down wave to the 8k to 9k level before market sentiment will change.
2) This triangle can also break down if we get rejected again at the top of the triangle and continues to fall past the previous low of the triangle....
OMG is continuing to trend on its upward channel. Views on bitcoin are that it continues up to 14k then down to 8k. This trade will follow that trend. If bitcoin fails to break upwards of 12k we can expect this trade will fall apart as bitcoin retraces so keep an eye. This is a good swing trade if bitcoin can maintain its upward momentum for the next day and a...
Stellar is priming itself to break out of consolidation.
Risky/may take more time to develop while we are in a consolidating market.
I expect it to move downward once more in the wedge it is continuing on. Once it breaks out of this wedge there is some resistance that needs to be broken then it will be able to make a run. Resistance is around 0.00004620.
NXC/BTC hit a bottom in December and has been increasing steadily since. If we can see it break resistance around 0.00005192 I think we will see this run. The monthly chart looks good as well, I will post a pic of graph in comments.
Buy in: 0.00004500 - 0.00005500
1 - 0.00006015
2 - 0.00007743
3 - 0.00009849
BNB has formed a bullish pennant and has broke out of it upward. Expect a fast rise within the price channel.
MACD has crossed upward indicating the start of a bullish movement.
Buy in: 0.0015400 - 0.0015600
1 - 0.0016389
2 - 0.0017453
3 - 0.0018352
4 - 0.0019529
5 - 0.0020856 (take % of profit)
6 - 0.0021944
Bullish Pennant formed. Started wide with high highs and low lows, has tightened up with lower highs and higher lows. About to break out of this and trend higher. Rapid ascension before forming the pennant, we can expect the same coming out of it.
Buy in: 0.00001050 - 0.00001200
1 - 0.00001146
2 - 0.00001312
3 - 0.00001478
A head and shoulders formation has formed for XRP. The downward trend hasn't crossed the neckline yet so it could still go either way but I am bearish for the short term of ripple.
- the volume throughout the head and shoulders pattern shows a confirmation of a bearish trend
- The volume on the ascend of the left shoulder was higher than...
Cardano has broken off its support line and is trending upward .
MACD had crossed upward and buying volume has picked up.
Buy in: 0.00006200 - 0.00006400
1 - 0.00006627
2 - 0.00007124
3 - 0.00007855
4 - 0.00008795
5 - 0.00009996
TenX has reached a bottom. It has tried to make a breakout twice but has reached resistance. It has started to move up positively again and the volume is picking up.
Buy in: 0.00024000 - 0.00032000
1 - 0.00034232 (this is also where we could see a lot of resistance)
2 - 0.00049500
3 - 0.00073400 (take percentage of profit and...
Game has hit bottom and is starting to come out of its downward trend and start a new cycle. This may take a while to develop but there is a huge upside if you are willing to HODL for a while. Still need to see some more volume before we can see this make a run.
Resistance at 0.0004200 was broken, this is a good mid to long term hold. The MACD is making an...
On the downtrend of TRX after its all time high it has shaped a bullish pennant pattern. This is a very risky trade as it could go either way at this point. It is a bullish signal forming this pennant but TRX has been on a rapid decend and could break through its support level around 700 satoshis.
If the support level of 700 sats is broken we can expect TRX to...