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Breakout Brewing for Bitcoin SV!BITFINEX:BSVUSD As volatility stagnates and directional indexes are at historical lows, pressure is building for Bitcoin SV and other coins like DASH and LTC. This graph shows how cyclical the crypto markets are and how dangerous it can be to be short in conditions like these. Three downtrend periods are evident in the history of Bitcoin SV, the first being Nov 2018 - May 2019, the second June 2019 - Dec 2019 and the third Feb 2020- Oct 2020. After every downtrend in BSV , a breakout of + 350% followed, in both cases with a duration of 60 days and marking a maximum in historical volatility (HV) as seen in the graph. Currently we are in exactly the same conditions as in the base of the previous explosions, both in chart patterns and in volatility and trend indices, the cyclical trend of the currency being quite self explanatory. I would not recommend entering long right away from the bottom of the channel, but long from the break of downward strtucture plotted as a blue descending line. The reason is to minimize risk in order to use leverage or greater position size, instead of hoping for the best by seting a -20% SL. It just makes more sense. Movements of this magnitude could be catalyzed by the movements of other coins such as Litecoin and Etherum, which in the past have already shown to have a greater correlation with this pair than the giant Bitcoin ( BTC ). Trade at your own risk. This is not financial advice.
BLong
by UnknownUnicorn3102162
3
Alt Season ahead.. 70% sale across the board Hi all Here is a new possibility : Seems like alts are lagging a bit behind BTC, but this is not a problem. See how nicely it is warming up to violently leave the bullish triangle. At some point BTC will need to take a breather, and retrace. That means all the billions are moving somewhere, and a lot of that will be going into the altcoins. BTC sure has shown again who is boss. Now people are FUDDING all about altcoins, shitcoins are going to zero. yeah, yeah, yeah. They dont know it, but what they are actually saying is buy alts, buy alts ! Do you remember in jan 2018, when everybody was saying BTC is dying, BTC dominance is falling and will never recover. The fappening. Oh, i mean The flippening, i mean the flippening. I dont know what that other thing i said is, I swear. Dont listen to FUD like this. Some rat once said : Be greedy when others are fearful, and fearful when others are greedy. Its natural to feel fear when we see so much money flow from alts and into btc, the point is to not let those emotions run our actions. It can be said even better: When I feel fear, I should act greedy. When I feel greed, I should act fearful. Suck on that insight, rat, I swear its not poison. This is not financial advice to anyone, as I dont run around giving advice to strangers online. It is advice to my present self, from my near future self, telling myself a little secret, that ALTS are really really a bargain now. I am not telling myself about 20% gains, im telling myself about 100% 200% 300%. ONE MILLION GAINS !
CRYPTOCAP:TOTAL2Long
by NaturalPatterns
4
POA/BTC Long on retest. Fundamental + TechnicalPOA showed us great volumes, so wanna take it on trend line retest. Fibo patterns also were used to BUY ZONE: 1001 satoshi STOP LOSS SAFE: 979 - use this if you trade intraday and can jump in if trend change STOP LOSS AGRESSIVE: 954 - use this if you like positional trading and don't want to interrupt trading flow TAKE1: 1174 (50% FIbo) TAKE2: 1248 (38.2% Fibo) Pretty simple and interesting trade. Fundamental reasons - prntscr.com Possible connection with Oracle can be strong if developers would deal with the task.
PLong
by Densmol
1
BCHSV Binance Target Reached + Elliot Wave and moreIt has been impossible to update my ideas trough snapshots, which was ideally for me, but Last night I did a trade that I think it is worth to share BINANCE:BCHSVUSDT I have been following the crash of BTC, Alt-coins and BCHSV during this couple of week, I applied Elliott Waves Theory to have a better understanding of the big picture of the market. Im not an expert but recently I have been dedicated to learn Elliot Theory and this was the out come. Trading plan: - Entry: 40.15-41.55 (Corrective Wave 2) Stop Loss: 36.50 (Under 1rst Impulsive Wave ((1)) Take Profit: 63.8 ( in My opinion It has over extended but I happy with the outcome of the trade, not feeling that I miss out an opportunity) AS everyone know BCHSV has been making double red digits during all the week, It was quite interesting, because even tho it was nasty to HOLD a bag of BCHSCV, However, it was very profitable to do trades under 5 min time frames, swings could vary between 2 to 7 %. It was very risky so you needed to have a good plan and understand when you should be getting out, mean know what are you doing. (I dont recommend it unless you are confident of your trading skills in that case go for it mate) Timing the bottom (Price 37.50): Timing the bottom it is always hard and not recommended, but since I have been trading this asset from Birth and I been having the time to familiarize with it. We have a Massive drop on BCHSV at 140 per coin to 51 per coin, It happened because it couldn't managed to break resistance Also we had a bearish divergence and not to Mention BTC was crashing, All this translate in a major down momentum by this time I didn't know that we were dealing with a 3rd Elliott Wave, which is the strongest and longest . During this time I was waiting in the sidelines, and I would jump in and out if i see an opportunity. I took this chance to learn Elliott Waves and knowing that we are in a wave 3 give me the perspective and advantage to precisely time the bottom using Elliot theory and Fibonacci retracement Tool. I Got as FINAL target for wave 5, 38 per coin, funny tho, I bought at 38.50 and I did panic sell at around 37.85! And then and ended up buying at the Entry previously mentioned. If I used chart pattern techniques i probably would miss out this entries, I couldn't see a well define double bottom which is one of my favorites chart patterns, Yes we broke a major trend line but that does not mean that we bottom yet, you would need some sort of confirmation, however with Elliot wave + Fibonacci + Chart pattern and Candle Sticks formation. I could get a nice entry even tho I panic at the beginning. Guys Trust your trading plans. Another quite interesting Pattern that I notice when I was counting Elliott wave for BTC was that every time we get a Double Bottom Pattern Elliott waves tend to change from corrective to impulsive waves (from 3 to 5) and it makes the whole sense now that i know but before it was quite a revelation. Another Signal that I personally like to use to time the Bottom and tops was the Bullish and Bearish divergence, It shown as a yellow line, you can see that even tho we broke a new lows RSI did not follow to new lows and it same happen at what I considered Wave 5.
B
by vfxvictor
8
ADABTC Mid Term TradesWhile bitcoin stalls the bigger alts are seeing movement. ADA is lagging behind but if we have breakout of triangle we could see some big price action provided bitcoin behaves itself. First trade is already in progress. My plan provided the market geometry still makes the trade viable is to switch short at my target as it is pretty heavy resistance, then switch back long to complete wave 5 of the three. THiS IS SIMPLY AN IDEA. NOBODY KNOWS HOW THE MARKET WILL PLAY. but sometimes having a plan IN CASE the market does react favorably allows you to make the most of out the movements. I will be updating the idea as it plays out. Stay hungry friends.
by akhena10fx