BTC never backtested the underside of the triangle....or is it a rally ? the daily has an awesome lower wick on it...we'll see what happens.
Missed the bottom but this asset recently completed 88% retrace similar to FUBO and we see how that one went. I entered into long today here. Nice upside potential and 16 mil volume today is dammmmmm good.
Triangle breakout to the downside. damn.
ARKK invest etf showing a breakout of descending wedge. Backtest tomorrow for an entry hopefully.
Perfect example of keeping an eye on volume. Here GAN is up 5% and working on a bullish engulfing candle. Then you look at the volume and it's not even anywhere close to it's avg 10 day volume...(white line). 300k volume. Fake price action used to lure buyers in. My opinion anyways. As pretty as a setup this was the volume just isn't there to stay in this trade.
Working on a nice bullish engulfing candle after the little pullback. Still some hours left to go today but looking good so far.
Oh yeah....it's also getting a golden cross today.....if it needed any more fuel ! Such a pretty setup.
Candle on Friday was tell sign for a pullback after a great run up. Looking for a pullback to prior resistance that we broke out of that we probably need to backtest. 230 area then re enter there.
Added to position today on the breakout of consolidation. Next stop resistance marked on chart.
Opposite is true for a rally and break out to the upside. Measured move around 52k target. Crypto conference is going on right now in Miami.....either gonna be happy times or everyone walking around pissed and broke !!
Still a few min left on 4hr candle till close....we gonna get another hammer reversal candle saving us from impending doom ?
This has to hold here. We break this triangle it could get real ugly. Measured move puts it at 22k.
BTC bullish engulfing candle yesterday playing out with some good price action. Need to break this area to really get going.
Price targets for taking profit are highlighted above. 50%-886 retrace area on fib from last high. now it could keep going but this is the area you want to start watching for reversals at. remember, the macro trend was down and we're below the 200 ma still.
Bullish engulfing candle on the daily possibly. by 1 penny actually !! still almost 2 hours till close but this could be the signal to get some action on this pig to run up some finally.
Very nice price action so far. if we clear that 200 MA then it's on for real !!
Now that we cleared that little resistance area of those 2 spots...we're off. nice price action. Volume is up as well. have a little resistance coming up then other one right after. not a whole lot of resitance on this asset.....when oil is 80 a barrel this stock is usually over 700.
Next stop is phsycological resistance at 30.00 after that i only see 32 area. not a lot of resistance going up !!