BCH has the tightest Bollinger bands on the daily and weekly, what do we know from Bollinger bands? we know that volatility comes at expansion. Does it expand up or down? According to it's history, the direction is up however we remain cautions and react at given levels.
Would love to get me some conflux right now... Total3 seems to be setting up, why not give this small cap a shot? target is the 618 fib, buying spot at market with a weekly ssl.
#GMX Similar case to LTC, we can see here on the weekly timeframe that GMX has been maintaining and closing above its HTF IHNS Right Shoulder.. It is a good and simple level to trade with SSL below.
So far so good, the trade is in profit and out SL is at breakeven. However, Many people did not get first entry, is now a good time to add to longs? time will tell.
#LTC On the weekly we can notice LTC hasnt moved very much similar to the last cycle. The indicator below is BBW (Bollinger Band Width). When it is low, this means that the bollinger band is tight = volatility is suppressed. I will go ahead and buy some LTC here for a swing spot, will update in due time.
I think ETHBTC has bottomed, if not will bottom this month. that in turn means that BTC.D has topped which means alts will have more legroom. Can go on binance and long the ETHBTC Perp in futures.. best average entry is .0513 with daily SSL (soft stop loss) on .04949 Could be more than a couple years until we see ETHBTC or BTC.D at these levels.
Chart is pretty much self explanatory.. Price action looks clean, maintaining a key level on weekly. Keep it simple, trade levels.
This is a very big formation, yet to be validated. Is it time for Vitalik?
Enj seems to have found support on last cycles top range, keep it simple. Clear current resistance and off to the next.
Atom has been off everyones radar for a while, its performance has been what we were used to in the last bull market. Now the chart is speaking, we have a monthly double bottom and things are looking good though we are at a minor resistance, our next upside targets are shown at the fibs levels where we also have MA confluence. Atom is a good project.
OP long with HSL 1.2 can do spot and futures. Support level holding, the chart is very clear, the risk to reward is good and odds are looking nice.
Buy here at 1800-1820 with HSL 1798. Markets have been taking a beating thanks to the strength of DXY. is it time for DXY to slow down a bit? I think so.
If you are not buying magic now at 0.5 I dont know when you plan to start. Two shaded areas are buy levels for Matic, this project will not die.
DXY (the dollar index) has been on a nice run lately which has been pressuring markets. It seems the $ has found resistance here, looking for green shaded box as target for downside and this will help markets regain some strength. As you can see my other posts, all I see for the markets now is C H O P
Let us put it this way. Why do we use charts? To find out areas of interest so we can trade. What are those areas for BTC? SIDEWAYS: We are looking at a continuation of the range 25,000 to 31000 which has formed since march. UPSIDE: Regaining and holding above 30,400, we shall look for first target of 35,000 and second target of 41,000. DOWNSIDE: If we...
This chart has been drawn for months before the IHNS even completed. Right now BTC is at the neckline support, we anticipate a move up from here however at the same time expecting some chop. The levels to watch out for are fairly simple to see in the chart, the simpler the better. A break of neckline support will lead us to retest the right shoulder.