penguintrader

penguintrader

Entered short 1H- due for a leg down Trying to catch the 15 Min break out

penguintrader

Entries as on the chart. 15 Minute trade, TP target is flexible at this stage, will be watching TP Aiming for 1237 SL at 1268.7

penguintrader

Broke the trend rejected resistance Candles- are largely bearish / indescisive Would consider this more likely to come to life than the bullish bias at this stage Tbh looks like we're already late to the party

penguintrader

Bias is long... D/W- looks like time for a short term up trend Big box is 4H - break and hold 21k. Small box is 1H, assuming we get confirmation, continues in the ascending triangle, but big assumptions RN Need to break the 1H downtrend, Hold 20679, show some momentum and the candles need to look bullish.

penguintrader

Btc reaching a critical level at 21000 2 things will happen here- Break and hold resistance - Break the uptrend and move down Invalidated if goes sideways Could take a breakout trade or trend reversal

penguintrader Updated 

Entry- 0.475 if it comes back to this level Stop at 0.462 Target 0.498 Risks- might not pick up my order Might be a fakeout- Currently assuming it broke Resistance on and starting a trend up. Candles could be more bullish If btc dumps its cooked

penguintrader

4H- MS was indescisive, Just broke Resistance and made a HH - bullish If price is able to hold to 20300 and the candle price action supports the bull sentiment, will consider a long up to previous high. Alternatively- price could fall below- that support level - resulting in the trade getting stopped out, or it could just all be a fakeout However on Higher time...

penguintrader

W- Bearish, had 2 big moves down, of massive side. LL and LH and LL and LH however just made a L - not bearish but not bullish- shows signs of indecision D- Sideways price action, was forming a descending triangle pattern- still Bearish but looking less bearish- as it broke resistance. signs of a short term up trend? or retrace during the down trend

penguintrader

1H- HH was just made, breaking resistance. The most bullish move we have had in a while now. Waiting to see a HL to be made to confirm the uptrend and make sure it isn't a fake out. Considering taking a long from Fib levels if Candle's support the long bias. 4H - Just broke resistance , held and then moved up. Scenario- Continues to retrace down the 1H down, if...

penguintrader Updated 

Big moves across most coins today Eth has broken down past most fib support levels which makes an continued uptrend unlikely Will change the approach soon. Nearing the longterm daily trend though time will tell if it holds. If you're not already in a trade, nows probably not the best time to do anything. Best to wait and watch at this moment.

penguintrader

Had a retrace on the daily Considering the long above the resistance level shown on the chart. Would need a strong candle and good volume for confirmation.

penguintrader

Daily and 4H have been consolidating for a while Looking for a break in the downtrend on the 1H. 1H market structure has been making HH and HLs Break and holding resistance would then be enough to consider an entry long.

penguintrader

Description on chart for likely setups. trade at your own risk, i wont be entering unless the 100% perfect opportunity arises Currently feeling uneasy about the market, Could be the peak/start of the bear. Charts are mainly all looking indecisive However some alts pumping gives me hope still. Would like to see ETH make another leg up, but not yet confirmed

penguintrader Updated 

LH and LL made, Officially entered a downtrend on the Daily timeframe looks like a re-trace on the Weekly Will be good to watch over the next few months ...

penguintrader

Looking indecisive overall, signs listed on the chart, will consider again after MS change or break in trend and support.

penguintrader

Making ATHs My trading strategy for ATHs is pretty simple Will enter long depending on if its cleared resistance with good volume and a nice close.. Target at psychological levels e.g. $2

penguintrader

Has now moved 90% in a short time with no real retracement. What goes up must come down. The lack of a retrace means that alot of people are buying and alot of people will be looking to sell to take profits. Currently I'm weary of any trades... For long term outlook however this is good, seeing money flow into ETH and BTC holding so far is a good sign that maybe.....

penguintrader

Waiting for good opportunities Longs over 1.7 shorts over 1.5 to consider trades