First trade for a few months. M formation on 15m after what looks to be a 3 level rise. Took trade on a inverted hammer near second peak of M.
Still got a bearish bias that this will break down and not up as the recovery has been weak. Wouldn't be too surprised to see us have a little scam wick up above that $39,300/61.8 region to trigger some possible stops before heading back down. VPVR is quite interesting in this area though as it shows we've got sweet fuck all volume around that area which could...
Super happy with how this one played out. Great SL position (only just) missed SL by $2
Pretty much the same entry conditions on ETH Possibly forming an evening star on the daily - Buying momentum has pretty much halted in the last 24 hrs Buying momentum dissipated on RSI - Price pushed up but the buyer momentum wasnt represented on RSI More significant bearish divergence on ETH than BTC More aggressive entry on ETH is what im going to place an order...
Reasons for trade: Possibly forming an evening star on the daily - Buying momentum has pretty much halted in the last 24 hrs Bounce off significant trend line Touched the 61.8% fib - Struggled to push and hold above it Buying momentum dissipated on RSI - Price pushed up but the buyer momentum wasnt represented on RSI
Looking to enter off the previous support line. Very strong level of support on LINKs previous history. Aligns with the 61.8% fib on majority of the whole move. Great market structure - HH and HLs
Looking like a bull flag on the 4hr. Being held down possibly by the 38.2% fib - Looking for an entry once we break past the 38.2% fib and out of the bull flag to increase my probability of it working in my favour.
Looking to enter off the 38.2% fib. Appeared as if a possible cup + handle was forming before the BTC price drop. Was making higher highs and higher lows on the bigger time frames and I was overall bullish on NEO. Looking to enter on the 38.2 with a small stop loss as I am not entirely confident BTC will not drop too far if it does continue to drop.
Looking at this AAVE trade after seeing it break out of its consolidation block. Would have loved to have caught it in the consolidation block but unfortunately I have only just seen it. Looking for it to come back down to the 38.2% fib @ around $472 to get an entry. Bullish hammers, nice market structure, fibonacci all lines up too.
Buy order placed on the .007740. Lines up with the 61.8% fib on the most recent retracement and the 23.6% fib on the whole move up. Just looking for a small % trade up to the previous high.
Had a buy order at 1.38, expecting price to touch the triangle formation one more time before breaking up. Price came to 1.39 before moving up. Entry options: Wait for price on the 4 hour to hold and close ousite of the symettrical triangle and enter of the retest. If price does fall back below the triangle look for an entry towards the bottom side of it.
Looking to trade either the break out of this consolidation block or if i can find an entry closer to the bottom I will take that. Really respecting the 38% fib, also producing higher highs and higher lows so market structure is still buillish. Will be looking to trade it close to the supply block predicting a possible rejection.
Looking at a nice trade here on ADA. Good demand block on the 4hr and going off a previous supply block from the 1st of March. Looking for an entry right off the bottom of the demand block as it gives me a great risk reward ratio. If price doesnt come back down to here before breaking out of the demand block I will look for an entry off the top of the block....
Observed this on ETH today, drew fibonacci on the previous high wick and a few days later it perfectly plays out to the 27% fib extension, really affirming that this is a strong area of resistance ETH will need to break through.
Lots of bullish signs on NEO. May be too late but a buy order on the 38.2% fib would be a great entry if it does dip down that low. Stagger buy orders from here up. Almost all bullish hammers on the 4hr chart in the last 48 hours. Broke above the 50% on RSI and MACD is showing bullish signs too. Also showing good market structure with HH and HL's since the big...
Not too much of a trade here unless we see BTC drop back down to support around 46-49k. Just observing how nice the fibonnacci retracements have played out on DOT. Could definitely buffer buy orders on the 38.2 and 50% retracements as we can see how well respected they have been.
Looks as if we have formed a pennant / wedge on the 4hr - Realistically 2 options: 1 ( Bullish ): Push out of the wedge and move up quite rapidly to break the 23.6% fib and see price close above it where it will use the 23.6% as support as it has done in the past, otherwise if we move to the upside of the wedge and dont push up to this area I believe we will just...