If you're familiar with my other calls, you'll know that I like to keep it simple. 123 Bottom formations to indicate turn arounds - and I have a fairly good strike rate.
XLM is forming a turn around and I'm betting the on screen trade plays out nicely.
If you're looking at a looser stop, I'm setting mine at the 2545sats line, but for lower risk hunters, 2845...
In this market, it's far from a guarantee but OMG looks to be setting up for a bull move. This is indicated by the simple 123 Bottom formation.
Simple is best . Don't get caught up in the confusion that the many different indicators bring about.
BUY: 0.00140100 (on green candle close)
It's possible that KMD is turning around it's bearish trend. This is based off the 123 Bottom that appears to be forming. While not concrete, the stop loss, (red box) is relatively tight so presents a moderately low risk trade. Buy zone is blue box with take profit in the green box.
This could happen quickly or slowly, but there's 2 possible trades that I'm considering. Larger 123 Bottom formation with a smaller 123 bottom forming with it.
Both entries are at or just above 18,000 sats. (Only if this mark is broken.)
Take Profits: 20,080, 23,800 sats
For those that have look at any of my past analysis, I like to use simple trend analysis, support/resistance to draw conclusions. I find that the more convoluted your indicators, the more confusing the entries and exits become. Plus trading is a process of mastery that requires thousands of hours dedication - if you're constantly looking at complex drawings, it's...
I was going through the charts this morning and saw that Monero had broken lower against a recent upward trend. There's strong support for Monero and it regularly has been visiting the 0.03 BTC mark.
The break below the upward trend presents a possible trade opportunity. Splitting the buy order between 0.026 & 0.024 will enable me to mitigate the risk of a...
I don't like to get too crazy with indicators, in my opinion it superfluous and ultimately provides more confusion than clarity. I like to stick with 1,2,3 bottom formations and use the fib tool to project possible movements. Indicated is the 1,2,3, bottom forming in the price, where the break out would need to be above the '2'.
My Trade: ONLY IF the price breaks...
Looks like bitcoin may be turning around after a bear trend for the last month or so.
1,2,3 bottom formation is getting set up which is a bullish signal. If the price breaks above the green downward trend line, I expect the price to rise and hit resistance at 12800 or so. If the price passes this resistance, a continuing bull run may ensue.
Lots of conditions...
Doesn't take fancy indicators and hours of analysis to see this highly probable trade. There's growing upward pressure as shown with the higher bottoms along the green trend line . But the pressure is getting squeezed in by the resistance at around 6000-6100 sats 0.93% , (the blue line).
Strong incoming fundamentals include; the release of 2nd version of...