coinselor

coinselor

Quant has been consolidating in an ascending triangle since it started trading. It checks a lot of the conditions I look for before opening a positon with a trend-following strategy. Once trigger condition is met, I reassess current market volatility to figure out if the risk:reward is favorable to grant opening a trade. Time to pay close attention.

coinselor

There is a strong confluence of a yearly trend line and a yearly support level that will most likely behave as resistance now. I expect an aggressive BTC Dominance push that might reach >= 66% with alts bleeding hard and shaking out weak hands, followed by an extreme rejection and reversal in BTD.D.

coinselor

I wasn't a big fan of this trade when I entered, but the idea was solid enough to warrant a position. That said, price action has been rather good for us. Price has bounced off decisively from our entry price. Given my overall outlook on ALTS I expect price to continue much higher. Again, this is a situation where mi position should have been stopped out given...

coinselor

Compared with what other alts are doing, I am not a big fan of XRP's price action. That said, price has been creeping back up to that critical S/R level at around 3325. I am extremely proud of being long XRP and not shaken out after such a massive 40% move in BTC. I have a feeling most people got stopped out. The key is entering early after a range breakout. The...

coinselor

Well I didn't expect the China news , but I did expect TRX price to sky rocket :) Tron bounced beautifully off that S/R area around 175. Volume has been consistently high at this resistance area for the last 3 days. In my opinion, volume is one of the most underrated metrics in technical analysis, if price is king, volume is queen. I am expecting this area...

coinselor

As expected when I spotted the clear falling wedge ETH was forming, we had price take off from the 160 area showing massive support there. Similarly to BTC, we had a clear breakout and retest of the trend line forming the wedge, I entered a position at said retest. ATL/USD pairs in general look particularly good. Time to pay attention to alts.

coinselor

Time to collect my thoughts on BTC after this massive (30%+) weekly candle that broke out of the falling wedge. I ended up closing my short at the bottom of the move (around 7.4k) on the basis of an unfavorably evolving risk-reward. It just wasn't a good idea for me to long there. After the big move to 10.5k, I was set out to long the retest of the broken...

coinselor Updated 

It is really hard for me to see a sound trade idea with a 1:6 risk-reward ratio and not take the trade. Again, not a fan of buying pullbacks but sometimes it is the right play. Will it be right this time? I don't really care, I place the trade and forget about it. BINANCE:MTLBTC Market Cap: $18,251,157 USD 2,127 BTC

coinselor Updated 

We just had a very interesting weekly candle close. After breaking down below 9K BTC has been consolidating in this 7700-8700 trading range. Even though technically the weekly closed above the support line I've established at around 8250, I don't really give much weight to the exactitude of drawn lines on the chart. What's really important is the price action...

coinselor Updated 

I am not a big fan of waiting for a correction (weakness) when entering a trade by applying a trend-following strategy. I wanna buy strength and sell weakness. Nevertheless, given the overall alt/btc market, it makes sense to wait for a retracement and take this 1 to 5 risk-reward ratio trade. The reason why I wouldn't enter a position after the initial breakout...

coinselor Updated 

Very clear breakout from a 400+ days established range. Significant S/R flip. Position opened. Might widen stop a little bit and decrease risk-reward ratio. I only open long Ethereum Token positions when ETHBTC chart looks good. BINANCE:TNTBTC Market Cap: $27,782,836 USD 3,328 BTC

coinselor Updated 

A chart says more than a thousand words. In accordance with our BTC short-term bear bias, Ethereum might complete the formation of this falling wedge. There is a lot of confluence in that green box. I would like to see ETHBTC continue its ascend while BTCUSD keeps dropping. BITFINEX:ETHUSD Market Cap: $18,934,633,124 USD 2,362,273 BTC

coinselor

This is not your typical BTC chart. Can you even recognize the price action? The reason I've decided to zoom in on these weekly candles is simple. I want to highlight the fact that the weekly candle closed below a significant S/R level at around 8240. I don't just look at price action when drawing S/R levels, I take market volatility into consideration too....

coinselor Updated 

This is a trade I just run into and executed on Binance, even though I charted the pair on HUOBI. Very straight forward S/R flip after breakout. Strong weekly and daily momentum. Relatively low volatility. Great Risk:Reward. Needs to work only 16% of the time to breakeven. Sign me up.

coinselor Updated 

These trades are starting to look like alt season is around the corner. This is a micro-cap with low liquidity, execution skills in order to accumulate a large position are needed. Technically, it formed a rounding bottom around a critical S/R level that shows promise after a new 56-day high. HITBTC:DBIXBTC Market Cap: $478,407 USD 56 BTC

coinselor

After a clearly define range breakout with a 42-day high, Aelf has been continuing to set new highs every week, setting a nice trend towars a significant 0.0001250 level. A break and consolidation above this level could potentially set up a very nice risk-reward trade. Volatility has been kept relatively low which would allow for a closer stop level once we reach...

coinselor

This is one of the clearest reversal patterns I've encountered so far in any altcoin. Allow me to explain. First, we were not able to make new all-time lows. This is very significant. It shows the market refusing to even test that price level. Secondly, there was a spring capitulation candle that broke a previous range (doji candles in succession) to the...

coinselor

Saying Bitcoiin is a microcap is an understatement. If I would ever even consider a position in such a small market cap with an iliquid market, a lot of things need to align. First, I would like to see a clean weekly close above the red line. Secondly, a consolidation period where we could buy a wick below the red line where price gets rejected. Finally, a...