ALICE looks bullish but need to breakout the symmetric tringle!!Technical analysis: #ALICE coin(Daily update)
* ALICEUSDT is try to BREAKOUT the Symmetric tringle pattern, the beginning of an uptrend is expected from here.
*The price is trading ABOVE both MA's (50- MA and 21 MA) as well as trend line , golden cross is also happen on the daily chart .
* LOOK too bullish when ever its trade above the both MA's but need to break the symmetric triangle as well as rising wage pattern too.
* RSI above the 55 that's means bulls are upper hand and already breakout its resistance, it will take momentum from here..
Take Profits,
TP1= @ 25.76
TP2= @ 37.42
TP3= @ 59.95
TP4= @ 85.78
TP5= @ 99.75
next to the moon lol
SL=close BELOW 9$ on daily bases.
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Cypto
BTCUSD💲Sideways movement?📉Bitcoin is again retesting the major resistance area. BTC made a high of $58,532 today and now trading above $58,000. The last two daily candles showing big wicks to $54,000 but no candle close below $56,000 which shows the strength of bulls. Market looks strong and we may see a test of $60,000 in next couple of days.
Have a nice trade!
Your Solldy.
BTC📉Fall to 40500?💥BTC again rejected from the $44,200 resistance area and dumped from there. BTC also break the local support of $42,800 and now trading below it. Bitcoin need to go above $43,000 to again retest $44,200 resistance. The support for now is $41,800 and $40,500 area. Market is still moving between support and resistance.
Have a nice trade!
Your Solldy.
btc. entire market flushed. news event? crazy price action.the whole crypto market just flushed. I don't really know what to make of this. We are entering a seasonally strong time of the year for crypto, and in general markets have never been better.
El salvador just accepted bitcoin as a national currency or something along those lines...
Something must have happened?
BTC Dip Part 2Doubt on.......
i stand strong on holding my sell.daily bearish divergence
Plus last analysis is clearly an expanding wedge
Only time will tell
Feel free to like,follow or do both just don't throw shade on my analysis in the comments we interpret The market in different ways as u can see in my past btc ideas
Linked below
Trade what u see n don't let ur optimism towards btc cloud ur judgment
BTC Breakout Incoming!We were telling everyone in our community that we will have a strong bounce around $30,000-31,000. All the sentiment and media is bearish and we saw the fear and greed index and that was a sign a reversal to upside was coming even when everyone says its bearish now look we have a strong bounce. Next target is 40K then 46-48K !
3 week strategy for DOGE to $1 T Market CapWhen dealing in a future's market
look for lengths of consolidation and see
what the average time is spent for those consolidations
this give "an idea" of how long the market takes to correct
-------------------------------------------------------------------------------------------------------------
In the case of DOGE
it looks (more or less)
every time DOGE consolidates (on the 2-day time frame)
it lasts about 10 Bars or 3 weeks
so....we have 3 weeks to work this market!
First we put a nice market order 30% of our position @ 0.36 USD (I always like to have skin in the game)
Place a limit order for @ 0.28 USD which is a 20% drop from Market Price with 20% of our position
- All the most recent bull flags in our bullish continuation pattern
have been supported by the 0.236 on the FIB RETRACEMEN
taken from the initial thrust of volume on April 11th, 2021 top the most recent top which is 50Cent (how cool is that)
********************I am assuming this pattern is a bullish continuation pattern which is the reason behind this trade*************************
(click the link to learn more about the characteristics of a bullish continuation pattern youtu.be )
Last but not least a limit order taking up 40% of your position @ 0.12 USD
Then We Play Futures
for DOGE,
SHORT the price down to the 0.618 (0.12 USD) with 10x leverage using 10% of our position
Since the position closes at 12 cents (-62%) , a 10x short leverage means we get 620% gains
Stop Loss ratio is at a 1:1.5 ratio (Risk/Reward) but feel free to use your own R/R)
62%/1.5 = 41% stop loss = a 50CENT DOGECOIN (how cool is that)
10% position is liquidated
NOW.....
THIS PART IS QUITE COMPLICATED but if you plug in your own numbers you might see it more clearly
the 40% market position has now gained 41%
( 20% position from the limit order at 28 cents could possibly add another 60% )
WE WILL PRETEND IT DIDNTT HIT - this is a worse case scenario
60% of that profit (the 41%) was forfeited from the SHORT which <<<<
leaves 40% left <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
40% = 16% gain from of initial investment of the market 40% position
and is also the worst case scenario besides DOGE to ZERO <<<<<<<<<
Because these are special times and life changing moments
(BITCOIN BULLRUN coupled with #Wallstreetbets meets TikTok
we are able to sit and make trades and take profits for insane gains
ALL MY PAPER TRADES WILL HAVE A GOAL TO 200X THE INITIAL INVESTMENT
A market buy has a SELL ORDER IN PLACE at $75 DOGE which is a 200x from market price
the limit buy at 12 cents would have a sell order at $25 which would be 200x from limit price
The 6x that was caught on the way down
could be thrown on 12 cents as well that would be
making your sell order at 200x a lot sooner than $25
Do the math, plug in some numbers
hope you find this useful
DISCLAIMER _ NEVER FINANCIAL ADVISE
This gives me experience on trading futures markets whether I'm right or Liquidated.
Its a very risky probability and because of that
I only use 10% of the position of the total amount I want to buy
After our short is complete a limit order should trigger at 0.12 USD for a 40% lump sum purchase
plus 6x your 10% which is now 50% of your whole position to do what one desires
What's next for Bitcoin?Bitcoin has recently broken its 2017 highs. After a 3-week long consolidation.
That said, it simply means all previous supply has been absorbed by demand. Demand > Supply = Higher Price
Based on Fibonacci analysis possible next stop for Bitcoin would be around 25k. With little overhead supply, minimal resistance coupled with strong money flow.
Interestingly, Google trends shows us that public interest on Bitcoin hasn't return to its 2017 highs. We are still quite far from it.
Keep tabs and buy dips. Happy trading!