Hi, monthly $BLX chart is close to showing a hidden bull divergence (higher low price, lower low oscillator) which suggests bullish continuation after a drop in price. However, this holds until down to the 2015 lows. Eventhough it's bouncing right now, I'm not entirely convinced this is the bottom of the bear market that started in 2018.
Long term, I'm still...
While I remain bearish overall, I think we could see a rally here based on this Triangle Pattern. Other crypto pairs have painted this pattern and broken out of it already, most notable one is XRPBTC
A clear candle close above that line is a buy signal, or as soon as the price breaks above the top line.
A drop below 6200 would make this pattern worthless.
This is a clear pattern to keep an eye on. There is no long-term direction just yet, but mid-term swing trades in lower time frames are possible within this pennant.
- A clear breakout buy would be a weekly close above 21.00
- A clear breakdown sell would be a weekly sell below 18.00
Looks like an Ascending Triangle is being drawn. Height of the triangle is around $330, giving a target of around $1700 if/when it breaks out.
Entering trade at a new swing low inside the triangle pattern, or at the breakout of the $1375 resistance area.
Stop if lower trendline is broken.
Not trading advice. Not financial advice.
Hi, XRP has been in a downtrend for some time now, but also in some kind of descending wedge. I had originally designated the red outline/green box as a possible reversal zone. It has once again bounced from the 0.786 Fib Retracement level and it got close to an old trend support line (pointed green line), and now it's headed towards the downtrend resistance line....
Falling wedge, plus Bullish divergence. Possible breakout.
Possible good entries:
- Pennant breakout
- Pennant support
- Trend support
Target 1 - Red square
Target 2 - 2700 - 2720 range/25.05.2017 ATH reference
Mystery purple line - no idea if it will carry any sort of...
I think the market will give us another buy opportunity inside the red outlined green box, which is the point where the trend line support meets with the ATH of 25.05.2017. I would place the targets based on the Fib Extension, and a stop after a lower low.
This is not a trading guide. Trade only what you can afford to lose.
This is a basic chart with some trends and channels that seem to have been taking effect since the beginning of 2017's bull run. I have no idea when will this end or change, but I will maintain it as long as it stays relevant. This is just a personal reference and guide, but feel free to use it for yourself, although it was not intended as a trading guide. I threw...
It's been a super green day for BTC, but who knows.... this could be fun... or dump!
This is really pushing it though!
BTW I'm not really long here! just selected Long as a possibility for it to climb higher. Will buy some if things look good.
Initiated a trade based on my last prediction. Stop at below the red outlined green box, or if price follows the red arrows path.
This is not intended as a trading guide. Trade only what you can afford to lose.
Two possible trades. A small Long and a small Short. If you've already bought todays dip, feel free to use this to compare it with your own targets/ideas.
There's a chance for a lower Long entry, making a double bottom, but the 4hour chart already shows a clear Bull divergence, although it might still have some room for another entry at support.
This is not...
Again... doing this in a rush... I feel safer buying here than yesterday though. Similar, or pretty much the same targets from yesterday. Expecting some resistance at 230 again, probably take profit there. Stop if 180 fails as support. Should have posted this before going to sleep, but I was tired and woke up to do some other stuff.
Quickly before it breaks out....
Cryptos mosnt known coins seen to be following BTCUSD lately. ETHUSD offers bigger % movements than BTCUSD. I remain Bearish for the midterm in ETHUSD, but this looks like a good scalp opportunity.
Stop below support. Not on it. Did this in a hurry---
This is a pure TA, looks to me to be a Bullish setup, at least a Bullish Channel from these last days heading for a breakout, provided there aren't any catastrophic crypto news coming soon. Marked some possible prices in Red where I think price could bounce, which once they are broken I will turn Green as Support giving more buying opportunities before breakout....