we've had a such a big long consolidated bottom and we're finally currently testing a breakout zone.
Trade: open long if price has a 4hr close ABOVE .236 price (above red line)
Target: see chart, as my crystal ball is broken currently, if the alt market starts to stall i will update on here but i think theres a good opportunity we complete 5 waves up as per the...
Quick note: I've been long on BTC from $6600 and have a trailing stop at around $7200 so that if the market turns against my idea i can still get out with a 10% profit. If you enter long at a later stage remember to consider your own risk/reward ratio carefully to your own circumstance/timing when opening a long.
Trade: I've been analyzing the 2016 correction...
If we close below the highlighted .382 fib level (pink highlight) then this will become a good opportunity to open those shorts
We should complete the ABC correction down at the 100 day MA (yellow line) with a target of $100
The 100 day MA has typically been a good support and reversal zone when LTC is falling.
This also lines up nicely with the 618 fib of this...
Long opportunity coming up, IF we dip down to the green box area we can open a long up to the next fib level for a nice 8% gain minimum depending on your risk profile.
at the 14k top you can see we were rejected off the .618 fib (red font) from ATH, this fib level is usually a strong rejection.
a rejection off of a big .618 fib like that should take us all the...
Been riding this entry since $34, the halving pump has meant it could be traded bullishly all the way, i was expecting one final parabolic move to $170-$200 but we cant be too greedy considering the amazing gains its given all the bulls.
LTC has formed an evening star pattern on the daily which is a strong reversal pattern, granted it might just reverse $10-$20...
We saw a reversal from the mean of 0.5 fib level from the swing high, this usually means we'll see a move back up 50% of the swing low. Check the chart for targets. This area should determine the next decent size leg.
Im watching two possible areas to long Ripple.
1) a breakout from the ascending triangle up to the resistance from the previous big wedge.
2) MA50 4hr has been very strong support for Ripple, if this support fails and it finds support on the bottom of the channel this will become a good entry zone.
AS ALWAYS, keep any eye on the price of BTC. If bitcoin...
IF we break out of this ascending triangle there's a nice quick trade opportunity to buy (if there's volume to back it up) and ride the break out up to the long term down trend resistance line which is also the .618 fib level of the last swing. At that level i'm not going to automatically sell this time as we would be getting near a short squeeze zone and it could...
Another good long entry point setting up at around $5400-$5200 region for a nice 5% profit/bounce.
Actively manage the trade, if it starts to turn then close the long as this should be an aggressive bounce up, if not, close the long.
The H&S target has been hit which usually creates a reasonable bounce plus we've line up to a long term trending support line which is another good factor for a bounce. We're long here up the 0.236 fib line of the previous swing, initially for a 7% long.
This is a higher risk trade so keeping a very tight stop loss is priority no.1
Eth classic is looking like its formed a perfect double bottom and we've now broken out of range/consolidation to form a bull flag. We've cleared all the moving averages and created higher lows.
If we see a bullish breakout from the bullflag i think this will be a great long, see chart for targets.
We've broken resistance and found support on the daily MA20 and seemed to have found a bottom. Several factors have me targeting the target zone, we've been ranging and bullish breakout from consolidation is usually equal to the the range level itself. Previous swing lows have us hitting the 618 fib levels, a repeat of this pattern would have us hitting our target...
Ethereum has a failed breakout and we dropped back down below support, now we're coming up for a second try with multiple bullish indicators moving averages acting as support right below.
We're in an uptrend and the price is getting wedged up against resistance while having formed a bullish hidden Divergence.
check the chart for price predictions.
We've formed a bearish div right around a strong resistance zone, i see this is a signal that we will not hold above the new support and instead will find support at the previous fib and support line of the ascneding triangle where we the bulls can regain strength before testing ATH again. Short term bearish, medium term bullish.
Disclaimer - I'm a TA in the making, still learning and studying all day everyday. Expect mistakes and nooby errors in my charts.
The NEO chart is showing a possible trend reversal with a H&S formed, right shoulder broke down through the bullish trend line, then came back up to test the broke trend line and was rejected.
Experienced TA's, would love to hear...