IagoLemos

IagoLemos

In this chart I'm pointing out what i think to be early signs of reversal on the market. PS: The price might very well go bellow all those targets i pointed out, these are just the prices I'll be taking partial profits (If my indicators say so). Stop-loss should be if the price reenters the flag trendline in blue. I'm nothing but an amateur, don't trade my...

IagoLemos Updated 

Very unexpected breakout yesterday. So, usually this would be seen as a start for a new trend, but I'll discuss why i don't have conviction of it yet. Anyway, some things could happen here: 1) It could consolidate into a bull flag, going sideways for now. 2) It could keep trending (with a lower slope) upwards. If so, price should retrace around the 32,8% and the...

IagoLemos Updated 

We're trading inside a range right now. Here's how this trade should be done: 1) ABSOLUTELY NO POSITIONS SHOULD BE TAKEN ON THE GREY MIDDLE AREA. This area is way too far from both stop-losses, causing it to be non-profitable. 2) You should trade based on your "belief"/analysis: "is the market bearish"? If your answer is "yes", only short positions should be taken...

IagoLemos

What we tend to observe on Nano (and other altcoins) is the tendency to resonate with bitcoin. So, based on that, it is possible that we'll see NANO railing back towards bitcoin soon. With that said, we need to pay attention to something: railing back towards bitcoin doesn't mean that it is going to be bullish movement. If Bitcoin continues on its crash pattern,...

IagoLemos Updated 

Just doing some study, as i'm starting to learn technical analysis. Red line is the stop-loss trigger, blue lines are possible resistances/targets. Both EMA's should act as resistances/support as well. Again, i'm very new to technical analysis. Feel free to let me know your opinion, and don't bindly follow my strategy. Im just a student aiming for knowledge :)