hedgewithcrypto

hedgewithcrypto Updated 

Further to my previous post titled "SEEYA BITCOIN" (link below), the head and shoulders pattern has successfully reached our profit target. So where to now? It is my opinion that we are to see further downside. The momentum has clearly shifted and the last of the bulls are hanging on, only to be crushed each time. The last stand for Bitcoin is now. Unless there...

hedgewithcrypto Updated 

Aside from the strong fundamentals on this coin, we can see a falling wedge pattern on THETA. With the number of falling wedge patterns, I do consider whether it is time to begin accumulating alts again. With regards to the THETA chart, the spike in the volume that formed a doji candle (indecision) has caught my attention. A break above this candle could trigger...

hedgewithcrypto Updated 

Head & shoulders pattern forming on Bitcoin. There is a demand zone shaded in blue that is acting as the last support. I'm expecting this to break, and break well with volume. A sloping neckline always performs better! Volume is also decreasing on the right shoulder. All signs of a downward breakout. Target is the green line, stops above red line once the...

hedgewithcrypto Updated 

I've been keeping an eye on TRX for the last few days as it's been in a falling wedge pattern for quite some time. The RSI is starting to tick upwards that coincides with a possible last wave down. Interestingly, there is a cup and handle pattern on the 1 hour chart that i'll be watching closely for a LONG position. Initial target is the 38.2% Fib of the highs...

hedgewithcrypto Updated 

I like the look of MFTBTC right now. We can see a falling wedge pattern forming with RSI divergence. Picking the exact bottom can be tricky, but we can see that price has already broken out. The only concern at the moment is volume has not increased. For this pattern, I usually target the 38.2% Fib of the overall move down and place stops below the low. This is...

hedgewithcrypto Updated 

Haven't posted a BTC chart in a while. It's been quite the ride so far and expect the bullish momentum to continue. The last few days has seen Bitcoin retrace and consolidate. The selling pressure has not been extreme and likely to be profit taking only. With that said, buying on dips is a good strategy for now. On the 1 hour chart, a possible inverted head &...

hedgewithcrypto Updated 

Since the Binance listing, NPXS has been in a downtrend. There is a chance that NPXS may have reached a temporary bottom with the falling wedge pattern. We can also see the divergence on the RSI indicator, making a higher HIGH yet price action has made a lower LOW. If we see a break out the top, the projected target is the 38.2% Fib with stops below the swing...

hedgewithcrypto Updated 

Sorry for the late notice, but I've only just seen the inverse head & shoulders pattern on Etherium versus the Dollar. The neckline is sloping which generally leads to a better breakout performance. In addition, volume is decreasing which is also a good sign. A measured move from the the breakout origin at Point (C) targets the $479 area - Point (D). Use a...

hedgewithcrypto Updated 

The next 24 hours will be critical to know which way Bitcoin is headed. I'm slightly more BULLISH for the following reasons: Bull flag pattern appearing with a projected target at Point (D) that confluences with the psychological key number of $8,000 Inverse head and shoulders pattern still in play with a target at $7,688 Weak retracement from the supply...

hedgewithcrypto Updated 

The false break out the top of the rising channel was enough for me to look for shorting opportunities. This indicates there is greater selling pressure above and now expect a break through the bottom of the rising channel. This could also coincide with Bitcoin which is at a supply zone and struggling to push higher without volume. Therefore, keep an eye on...

hedgewithcrypto Updated 

Active trade setup on DGBBTC from a confirmed breakout of pattern on the DAILY chart. Projected target shown. Stops below the consolidation zone and move to break-even as soon as possible. With such a big profit target, I will be monitoring small time frames for continuation patterns to add to position. Recommend laddering and taking partial profits along the...

hedgewithcrypto Updated 

Had good success with the bullish flag patterns of late, particularly on the intra-day charts which I do not post here. This pattern has high probability of reaching the profit target should a break above Point (B) occur. Use STOP-LIMIT order to catch the move and place stops below Point (C) when in a position. If price fails to break Point (B) and drops...

hedgewithcrypto Updated 

Another bullish flag pattern, this time on EOS. This pattern has high probability of reaching the profit target should a break above Point (B) occur. Use STOP-LIMIT order to catch the move and place stops below Point (C) when in a position. If price fails to break Point (B) and drops below Point (C), trade setup is invalidated. This is my FAVORITE pattern...

hedgewithcrypto Updated 

Another bullish flag pattern, this time on Litecoin. This pattern has high probability of reaching the profit target should a break above Point (B) occur. Use STOP-LIMIT order to catch the move and place stops below Point (C) when in a position. This is my FAVORITE pattern to trade in a BULL trend. Disclaimer: This is only my opinion, make of it what you...

hedgewithcrypto Updated 

There are times when you need to step back and look at the bigger picture. Staring right in front of me on the 1 hour chart is a dirty big bull flag pattern. For this pattern, I prefer to enter on the break of the flag pole which is Point (B) using a STOP-LIMIT order. It reduces the R/R but there is a good chance of pattern completion. Profit target is near the...

hedgewithcrypto Updated 

A potential flag pattern has caught my eye this morning on EOS, thanks to the surge in the crypto market class in the last 24 hours. To continue with the short term trend, completion of the flag pattern would be a nice continuation trade to add to existing positions. I intend to enter into a position on the break of Point (B). Profit target is Point (D) and...

hedgewithcrypto Updated 

This is not a trade idea, just analysis as it is counter-trend and therefore higher risk. Now that Bitcoin has hit a 127% Fib Extension, it is probable to see profit taking. With this in mind, we could see price push up to the 38.2% Fib line. Should this occur, it might start to develop a potential inverse head and shoulders pattern which would complete near the...

hedgewithcrypto Updated 

We have seen strength today in the crypto markets, including Etherium versus the Dollar. You will note that Bitcoin and many other alt coins are forming a rising wedge formation. This is a bearish chart pattern. Etherium in particular has just made a high high, yet a lower low on the RSI indicator. This is also bearish signal. Volume has also been decreasing,...