KNCBTC trade idea
Updated
First off: im a beginning trader forcing myself to make a trade journal and, by doing that, capping the number of trades I take and making it possible to evaluate all my trades later. Also it reduces the risk of FOMO'ing because as long as I stick to my habit of first analysing and publishing my trade, that FOMO moment will have passed and I will have a plan to buy a retest or something like that. ALSO: I am always inspired by either twitter and/or telegram and/or discord groups, so dont be surprised if you see things from influencers in between my own analysis. I am looking to confirm for myself the analysis of influencers and find confluence by myself before taking a trade. And of course non of this, by a long run, is financial advice. Not even close.
So what I see on KNC (which was called by cryptonewton on the 1d chart, I added the tweet in link to related idea's) on the 3d chart is a cup and handle forming, i see the blue ICHE line bullish crossed over the RED, and I see price now struggling with the 1003DMA and the bottom of the ICHE cloud. I already bought some KNC on basis of the 1d Chart ideafrom cryptoshelby (see link below) and am looking for the price to break and retest the 1003DMA, get up into that ICHE cloud, and drift all the way up to find the resistance on the upper range, bounce down a bit, then brake it and complete the cup formation. That would be an awesome ride (which will take well up into 2020).
So what I see on KNC (which was called by cryptonewton on the 1d chart, I added the tweet in link to related idea's) on the 3d chart is a cup and handle forming, i see the blue ICHE line bullish crossed over the RED, and I see price now struggling with the 1003DMA and the bottom of the ICHE cloud. I already bought some KNC on basis of the 1d Chart ideafrom cryptoshelby (see link below) and am looking for the price to break and retest the 1003DMA, get up into that ICHE cloud, and drift all the way up to find the resistance on the upper range, bounce down a bit, then brake it and complete the cup formation. That would be an awesome ride (which will take well up into 2020).
Note
Entry wise on the lower timeframe im looking at this triangle and seeing three bounces and rejections, i see the RSI same thing, price and RSI seem to have room to come back down a bit and then bounce up and out of the triangle. So i am setting buy orders where ichecloud and the MA line could act as support, and at the lower triangle line.
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