Long

Updated

Day-trade setup.

Target at 0.618 fib. Also creating a 'W' on the 4H confirming uptrend scenario. We might touch 13000 sats but I prefer to be conservative. Keep securing profits along the way and/or raising stop-loss to ensure exit in profit even if the setup breaks down.

Any altcoin trade is a high-risk trade until BTC decides direction and TFUEL dumps faster than any other. G'luck.

Trade closed manually

Ascending triangle forming on the 15m. A bearish signal. Not enough volume to push us past the resistance at 11660-11800 sats.

Note

Might have broken out of the wedge. Waiting for retest to enter again.

Order cancelled

Yeah, no. We are breaking down. Not enough volume. Looking to enter into BTS/ BitShares. TFUEL isn't inspiring confidence at the moment. Maybe once we have broken past resistance or revisit 0.382 fib or 10400-10800 sats and build support.

Note

Are we breaking down out of an ascending channel? Are we forming a bull flag with target at 12000 Sats which is coincidentally the top of the ascending channel?
Let me know what you are seeing. I am not in the trade. Maybe re-enter on breakout of the bull flag.

Trade active

Note

Hoping to see the bulls charge in any minute now.

Note

11300 being tested as support, if it breaks, 0.236 fib is the next stop. Revised target to <11800 sats which is a strong resistance zone and I am not seeing the volume yet. I am a conservative trader and will happily accept a 2-4% return in matter of few hours.

Note

We go up, we go down. Think we will be bouncing around for another hour before we have clarity. BTC is going up and a rising tide well.. here's hoping.

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Bounced back from 99EMA. Target still <= 11800 sats. 11400-11800 is a strong resistance zone, keep raising stop loss and secure profit. Adjusted the trend lines.

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Tfuel really testing me today. Reminder to self-
1. Do not FOMO into a pump.
2. Do not indulge in revenge trading.

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BTC volatility messing with my trade setup. In the red for the day. As for BTC, I think we will form a double-bottom on the 1H, hit $11750 followed by a major sell-off.

Note

Make or break moment.

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Charting a nice W pattern, expect to reach our target at <=11800 sats in the next 3 hours+/-. I think we will bottom again touching the channel and then continue rise to our swing target at 13000 sats over the next 12-24 hours. Anything can change any time and I will update as often as I can.

Note

Above scenario might not play out and we might be heading straight for 13000 sats. Start taking profits from 12400 sats. Volume is really low which means a big move is coming. Ignore the messy chart, was doing a macro analysis. We are looking extremely bullish for the upcoming bull run with a target of 19000-2000 Sats in the mid-term and headed for moon in the long term.

Trade closed manually

Going to cut my loss and exit this trade for now. Breaking down out of the channel, probably revisiting the 108000-10400 resistance. Will buy in again at the dip in a few hours. Headed into a juicy setup on Blockstack which I have been tracking for a few days.

Note

I am watching this right now. Will enter on channel break and confirmation. Rectangle marks strong resistance zone and support will likely form here. Update when I re-enter.

Note

Consolidating sideways since we broke out of the channel. Volume has decreased to an all time low. A big move is coming, will it be to the downside to our long-term trend line or will be upside to the 11800-1200 resistance?

We can only wait and watch! Do not enter till trend confirmation.

Note

I think we are right at the bottom of one 'wing' of a W before a major move. 10500 is support at the moment but being tested and I think it will break and we are going down to 10400/ test our midterm trend line. Update with a new idea when a setup presents.

drjimbeam

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Ready for fresh entry.

by drjimbeam

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