This 3 month range/triangle may resolve soon. BTC/USD is in a position to break out, if price moves not too far up from here. It would not take too much, IMO, to generate the short liquidations and FOMO from here. A buy stop order could be placed above the recent swing high, shown here at 6834 on coinbase (red line)
I have been long since 6200 on 9/18, with daily...
I bought the breakout of the 6630-6500 range yesterday. Since then we've seen a few up moves. Right now we are seeing inside hourly bars, they have all closed above the 20 and 200 moving averages.
You could buy a breakout above these inside bars, or take profit/short below it. I wouldn't open a long term short here. Short to intermediate trend may stay up. My...
We are down near the crash lows and this pattern came out. Similar to a C&H but not textbook. Lower low, and clear trendline that could be broken. If so, target is 175. Unfortunately there have been many false breakouts / bull traps in the last month, so enter with caution. The 200period moving average could also provide some resistance.
After touching a trendline from September, BTC/KRW has made some higher lows. This cup & handle pattern (also could be interpreted as an ascending triangle) could break out soon.
If so, I think it would provide some level of confirmation for more upward movement in BTC/USD and LTC/USD.
Not used to trading outside of crypto denominated in USD, but took .04300 of my original BTC purchase and got 1 ETH. ETH at all time highs ~$800 and this pair looking like it could break out from the descending trendline.
Call it a hunch, but I decided to short the SPX with SPY puts this morning. February $266 strike. Market is overbought on all timeframes. Today's gap up is producing something of a H&S pattern so I thought I'd take a shot. Above $2700, I will most likely abort the trade.