mongacoin

mongacoin Updated 

BITFINEX:BTCUSD 3D BTC charts looking for possible bounces. Shall wait for the next 3 day candle to close to make an entry. Region around 200 EMA is a good risk reward setup. We are still in a downtrend channel but with confluence of bottom trend line support with a 200EMA support. 200 EMA acting as support. It is the first time we have ever touch the...

mongacoin Updated 

BITFINEX:BTCUSD Broke down below the .618 fib easily. This could indicate more bearish momentum or a fake out to shake out the weak hands on a Sunday and market will turn once Monday comes about. Only bullish scenario here is - Gartley pattern - Similar fractal play to the previous 6k pattern - Volume is picking back up could indicate exchange from weak hands...

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BINANCE:NANOBTC TA: - Volume is increasing - OBV is trending up - RSI is showing a 4hr Div - Cloud seem to be thinning but still bearish with a chance of breaking resistance. Retrace significantly base on the previous run. Thus we could see some form of relief rally at least if it wants to make more downside printing the lower high. RSI broke out whereas...

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BTC has been slow grinding upwards each time rejecting strongly on new highs strongly. Indicates that bears are still wanting it to go lower and there is no buying pressure. Most buying pressure are spikes which indicates a short squeeze instead of real buying power. News so far has been positive with more crypto adoption and SEC deeming BTC not a security. ...

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BINANCE:QSPBTC Massive sell-off due to staff resigning. What goes down must come up. Playing a bounce play - RSI 4hr oversold - Sell-off volume isn't has strong just weak hands leaving - OBV isn't decline as much Accumulating at these levels having limit orders all the way till that support line.

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POLONIEX:XRPBTC Ripple seem to be breaking out of this triangle with a bullish tk recross on 1hr TF cloud. Tight stops and entry on the retracement or breakout.

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Hi there I am practicing my EW. BITFINEX:BTCUSD Would like to check with those in EW if the initial 5 count and ABC correction is valid. If its wrong could you please explain to me where I fall wrong or any EW rules I am not respecting. Technically that would consist of the first impulse wave i and ii meaning we are in the start of iii with more downside to...

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Let's play a quick BTC Bounce! Buyers are waiting. Sell pressure is exhausted. R:R for short is unfavorable + futures expiring. Entered a quick long at 7300 (key support level w very tight stops. Take profit levels are the fibs .5 or .618. Cloud is also showing a C-Clamp when Tekan line diverge from the Kijun line. Not out of bear territory but playing a...

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BINANCE:ICXBTC In cloud we trust, RSI levels are also approaching oversold. Let's catch that falling nice and see at the previous support.

mongacoin Updated 

BINANCE:ONTBTC had an awesome run up, however it seems like market is exhausting. Recommend taking profit off this run, not touching this with a 10 foot pole. Wyckoff Cycle Elliot Wave TA: - Distribution phase - Head & Shoulder on the 4hr TF - Cloud trading sideways with a slight curve downwards (cloud break) - ABCDE triangle - Hidden bear divergence...

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BINANCE:OMGBTC OMG has been bleeding out after the pump due to hardfork news. Entry is favorable at the blue box area SL: Below previous support Targets: Fib extension levels of 61.8%, 100%. TA - Bullish Divergence on 4hr,6hr - Falling Wedge

mongacoin Updated 

BITMEX:XBTUSD Calling a retracement rally as compared to a break of the downtrend line. Many calling for a wedge break however volume was very weak when the wedge broke. It is possible that we are doing a retracement for the wedge. Thus the 0.618 (8065) could be a potential retracement zone. Whereby I close half of my hedge. Took a hedge at 8500, shall...