Two other notes:
- the 1D has a 9-13-9 combo.
- The weekly completed a damn near textbook bearish gartley
Advise to scale out of long positions and scale into short position up to 2.5% above next major resistance level.
The last time a completed weekly TD countdown printed, it signaled the end of the bear market. The aggressive play here would be as follows:
1) Wait 2 weeks
2) Weekly TD Countdown 13 printed?
3) Go long
4) Walk away
ADABTC is above the 1D cloud (doubled Ichimoku settings) for the first time since being listed on Bittrex. There will be plenty of buying opportunities and possibly wicks to catch, but note that it wouldn’t be a terrible idea to DCA into a position as price continues to build support above the 1D kumo at the local HVN. Valid targets for potential longs would...
BTCUSD is heading into an integral consolidation triangle which, depending on the direction it breaks, will catalyze some sizeable discounts likely in the 3k area or a fairly significant price run to ~4.35k. S/R block drawn from past pivots; a move up would likely lead to a kumo breakout; a breakdown would lead to price tumbling lower within the descending...
LTCH19 *may* have completed a 5-part A to E retracement to hit the macro 62% Fibonacci retracement level. The next move is a potential play using pivots to guide a 5-wave bullish impulse. Notice how S/R levels align between pivots, Ichimoku, and Fibonacci. Top-level target would be weekly R3 in red.
Monday morning, Total Crypto Market Cap (TCMP) finally corrected after a relatively strong sell off. This was to be expected, but it was almost impossible to find a decent setup to enter a trade on the down trend. However, TCMP is at a point where it meets the 4-hour 200-period EMA and the new Pivot Point. There's some space between the two, but I would consider...
Bitmex ETH swaps revealed evidence suggesting a potential reversal point. After a +100% ROE from the bottom, a cascade of profit taking at key resistance levels ensued. Shown in the chart, you can see ETH wick a confluence of 2 resistance lines.
The expectation was a subsequent correction. Interestingly enough, ETH found support at the 1st of 2 support lines I...