vjsharma89

vjsharma89 Updated 

Met the long term downtrend resistance. Forming a symmetrical triangle. Since it follows BTC closely. Watch for BTC, if it runs, ADAZ18 will run too If BTC tanks (more probable), ADAZ18 will tank too. FOMO 1hr is red. FOMO 2hr and 4hr are green.

vjsharma89 Updated 

What's happening? We made a bunch of profitable SHORT trades. After Multiple failed attempts to go down, volume-less dumps and bounces from 3120-3140 We are back to 3180-3200 I mentioned in my previous post that it's risky to be trading in this environment. I made a multiple SHORT scalps during this dumps. From what I can see, there isn't enough liquidity in the...

vjsharma89 Updated 

As we've been observing for last couple days, LTC's movement has been complete opposite to BTC. And there was a time, when it used to follow BTC just like ETH. It's forming a bull pennant. The sentiment is bullish. The trade setup is simple. LONG LTCZ18 Initial Entry - 728 Stagger 1 -> 725 Stagger 2 -> 722 SL -> 720 TPs -> 738, 748 and 769

vjsharma89 Updated 

What's happening? This bounce and weak volume has made me fairly certain that 3200 is not the bottom. After a nice SHORT this morning, we have tested the bottom of the falling wedge I shared late last night. Volume is still not good. One would have hoped for volume to pick up after that bounce from under 3.2k. But nope! Nothing! Too weak. Trade Patterns These...

vjsharma89

Before I begin, I want to make it clear that this is a simple price prediction based on fibs and assuming 2900 will be the bottom of this drop. The study is based on the market cycle and Fib extensions showing BTC's love affair with 4.23 Fib. Comparison with previous market structure's timeline 1. 1st Bullish Rally ($4 to $1150) lasted for 24 months. 2. 1st...

vjsharma89 Updated 

What a boring 48hours! 1. Falling Wedge -. (+ve) Breakout 2. Descending Triangle -> (-ve) Breakout Doesn't matter in what direction it breaks out from these patterns, in the end, everything points 2900. It will happen. The question is when. I've never seen any commodity reverse it's direction in the middle of nowhere. Where BTC is atm, it's the middle of nowhere....

vjsharma89 Updated 

Fibs suggest 3200 or 2900 should be the bottom of this massive retracement. After 3500, Weekly and Daily Horizontal support is 2950. If 3200 was the bottom, we would have seen some big buy volume in that price range. We haven't seen that yet. The declining volume is pointing another move down. But to go for further down, gathering liquidity in the pool is...

vjsharma89 Updated 

FOMO 4hrly Buy Signal was received around 3360 1hrly and 2hrly have been green since 3330 I got in a LONG position once 1hr and 2hr Signals aligned. I entered with a very small margin and low leverage simply because I was counter-trend trading. Now once, I received this Buy Scalp Signal (3385), I increased the number of contracts in my position and increased the...

vjsharma89

Confirmation of FOMO Signals 1. Open position after Candle Close or new Candle Open 2. Make sure price is below Holy Trend Line (HTL) for SHORTing. 3. Trade with the trend (Downtrend). 4. Close/consolidation above HTL indicates possible trend reversal Result Total Profitable Trades in direction of the trend -> 7 Duration -> Less than 30 Days 5x Leverage 1....

vjsharma89 Updated 

What's happening? ADA seems to have found a temporary bottom. Remember, if current bottom doesn't hold, it's going to mid 600s. With a little help from BTC (if it runs), ADAZ18 might see a bit of an uptrend. Trade Setup Pink Lines are the Targets LONG at 875 Stagger 1 -> 870 SL -> 868

vjsharma89 Updated 

What's happening? As you can see that, after 2 days of sideways, that downtrend resistance is here. If we break that, we'll be heading to 3640 or higher for now. If you are in a SHORT, I would suggest close it for now or chase it with a Stop Loss. This doesn't mean that trend has changed. We are still very much in a downtrend. But for the time being, over a short...

vjsharma89 Updated 

What's happening? BTC has been pretty volatile today as compared to last two months when it was making 0.1-0.5% moves in days. Today it jumped to 3499, came back down to 3320. 2.x% move up and 2.x% move down within a day. Good day for scalpers. We are around same price where we were yesterday. I'm still positive about letting this SHORT run. Downtrend still...

vjsharma89 Updated 

There is no doubt in my mind that we'll get to 2900 next. BTC has broken a daily support of 3500 and is heading down. What happens when a support is broken? You seek next support. As simple as that. The trade could take between 24 to 36 hours but we'll get there eventually. 2900 happens to be a weekly support as well for BTC. Looking at the hourly, we have just...

vjsharma89

The TA is simple here. Do not buy BNB. Not just yet atleast. It's dumping hard like every other thing in crypto sphere after the recent pump. Now, wait for it to bounce from 12400. See if it holds. It's the previous bottom since it's all time high. See if it consolidates around that area. If it breaks 12400, next stop is 10200. Imo 12400 will break this time and...

vjsharma89 Updated 

After that inverse BART, we got that drop as we expected. I did expect it to break the new uptrend support but it didn't So, now we have 3 patterns going on right now on the 4hourly timeframe. 1. Symmetrical Triangle (Blue) We marked an uptrend support line after the inverse BART.This uptrend support line is forming a symmetrical triangle from our previous...

vjsharma89 Updated 

Too much sideways if compared with last 3 weeks of crazy movement. Low liquidity weekend is here. Bear Flag Bear Pennant Descending Triangle Fomo 1hr/2hr/4hr is Red HTL is red Everything is pointing to a down Target would be 3820 to 3750. If we don't break down by Monday/Tuesday, BTC could do it's infamous Inverse Bart Head and make a quick spike up....

vjsharma89 Updated 

So, BTC broke the uptrend support line and fell down to 3740 (twice). Pumped right after (did an Inverse BART) and back to where it was yesterday. I believe, we've been rejected from the downtrend line marked in red. Short Term downtrend line marked in pink is not confirmed yet. Next move should be DOWN. In case something magical happens and BTC breaks 4k, it...

vjsharma89 Updated 

It's also forming a bear flag on the daily. Pink lines indicate bullish divergence that has started to play out. Over last couple, XBT has been trending up on the Daily chart along the red trendline. There is tiny bit of bearish divergence on the daily too. Marked in blue lines. What's next? If BTC holds the red uptrend line, we'll keep cruising up on daily...