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Higherlow

BTC Update! Clear uptrend for traders on 4 Hour! Those trading have been very happy the past few days as BTC chart has been extremely nice to the technicals. Last chart I had mentioned I didn't catch the oversold bounce opportunity initially when we went to $9100 area for a trade but had personally entered in at $9700 and was utilizing higher lows as my stop losses. At time of post that higher low was around $9800 so barely a profitable trade for me had I been stopped out but at least was now risk free. We were watching to see if $10,300s would be the next higher low and bulls did manage which allowed me to again move my SL up to higher profit. Next we have $10,572 established so have once again moved SL up and locked in about a 9% guarantee on profit for the trade. If bulls do manage to hold this next higher low and push for yet another leg up, I just continue walking the SL up to protect and guarantee a more profitable trade. Daily chart is certainly due for some consolidation as we have 6 straight green candles now and no consolidation on daily since the $9100 level a week ago. Once the 4 hour uptrend is lost, it will have me shifting back to this daily chart to see where a potential higher low compared to $9100 would set up for another possible trading opportunity. But until that 4 hour uptrend is loss, I'll continue riding the bull move and utilizing the stop losses along the way up. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC Update! Continued battle between bulls and bears Bulls and bears have put on quite the battle for the last 2 weeks. Last chart we sat around $9550 and I was watching our large range of $9000-11,100. 6 days later and we continue to be well within this range. I was personally looking for some oversold bounce opportunities as well as a possible flush below $9k. We did see the sell off from mid $9000's down to $9108 with a very quick rebound of 6-7% within a couple hours. Positive of this is the bulls defended the prior low of $9,071 by $37 so essentially a double bottom. We now have support building with touches at $8919, 9071, and 9108. Our weekly candle remains an inside bar with bulls last weeks high of $10,688. Most importantly to me personally is $11,112. If bulls cannot break that and set a lower high here then we will be tightening up an equilibrium pattern. We have our higher low at $9108 and then would be the lower high (anything under $11,112) on the daily chart. This could cause continued extension of the range for a while longer. Personally I did not play the oversold bounce as was not at a computer and move was just too quick for me to get to one and act. I did personally enter a small trade position around $9700 and was utilizing $9300 range as my stop loss (more clear on hourly chart). I have since raised my stop loss to $9800s to make it a profitable trade regardless. Another leg up today or this weekend would have me moving SL up towards 10.3k assuming the pullback to $10,321 yesterday can hold today. Alts seem to continue to struggle greatly compared to BTC which really doesn't have me interested much in anything else at this time. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
Bottom in? Ultra Low Cap GemSeems to be a nice spot for accumulation. With Staking approaching this is an ideal spot to get some nim. Great project, great team, usability smashes other coins. Go to the nimiq website and try first This bottom reminds me of the bottom of BTC in December before blast off, if alt season does happen, then the gains here could be huge. Target is 30 - 50 Sats or higher. If this goes lower, so be it, easier to accumulate. Timescales of 3 months + Patience is key ...
by UnknownUnicorn1842943
1
BTC Update! Lower high playing out. Mnuchin Trade opportunity!We are playing out exactly as expected off of yesterdays chart. I had outlined our box of where I'd ideally put my "bearish glasses" on and begin shorting BTC if I were a bear. I was pretty confident we'd see a lower high form compared to $11,950 and the bulls would then need to defend the low of $9857 and form a higher low in order to begin having a chance at changing this trend. I had already entered positions in low $10k and was planning to seek entry of remainder once we pulled back after our anticipated lower high was set. We got our lower high yesterday at $11,080 and have seen a 5% pullback overnight off that with our current pullback low at $10,512. Would be great if this held as our low of the pullback but anything above $9,857 will give us a higher low. Mnuchin Trade: Now I did change up my strategy yesterday and made a comment in yesterdays post as Mnuchin was speaking. Those not familiar, Mnuchin is the US Secretary of the Treasury. Now I was fortunate to be able to listen live to his comments as well as be at a computer which opened me up for an interest in taking on a short term trade for a quick flip. I have outlined that in the 5 minute chart above where it was a very quick flip for profit and then back to refilling positions once our expected lower high hit and we began to pullback. With Mnuchin speaking we had a known event as it was announced shortly before that he'd speak at 2pm eastern and BTC price began to drop down. To me this was just some exiting positions in anticipation that it could be negative news. Perfectly acceptable expectation in my opinion. I was preparing with both buys on negative news (buy the dip) or buying into a pump up if news was positive or just not very negative for a quick flip of a trade. We got the latter and at 2pm Mnuchin came out and overall I'd say it was neutral comments. Essentially investors need to use caution and be educated on what they are buying into and it is highly speculative asset class and those using for illegal purposes will be caught. Overall I think that's a very fair statement regarding crypto and bulls began to step in and buy. I was with them and then immediately began scaling out of my position as I was still expecting us to form a lower high within my range since the news was not something crazy bullish that would allow us to moon shot back up. This allowed for a quick 5% flip in under an hour for profit and then reset my buys for the anticipated pullback. This is an easy example of being prepared and recognizing the news event and that often leads to some nice volatility for easy trades. I have refilled majority of the position I sold in the trade already and will hold rest for a dip closer to $10,200's just in case and ideally help bulls defend support for our higher low. If we do not dip further then no big deal and will carry on with current position in hopes bulls reverse trend and get the higher high and begin stair stepping back up. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC Update! Bulls stay in control! Not a ton to update here. We saw further continuation last night as we were hoping for to keep bulls happy. Ideally want to see bulls maintain 12 EMA support on daily and really even on 4 hour chart if possible. Bulls got above and stayed above 12 EMA yesterday on 4 hour chart with a test of support down at it today. Resistance from overnight is now up at $12,829 and $12,105 support on 4 hour chart. Daily chart has plenty of breathing room currently with low to hold still down at $10,761. Measured move on the sloppy inverse head and shoulders I had been watching a few days ago would give bulls a move up towards about $14,100. This would be ideal but definitely need to see more of a volume spike to start making that push. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC Update! Bulls get their breakout! Can they follow through?Last chart I was watching the potential of an inverse head and shoulders on 4 hour chart and expecting a break by today if the bulls were going to make it happen. Pattern didn't play out perfectly as it drug out a bit sideways but the bulls finally got some volume and their next leg up. So checking back in on daily chart here, we have our higher low at $10,761 established and now a higher high compared to our high to beat which was $12,064. So bulls have regained short term control here and seeking further follow through. I remain comfortably in my latest positions and would consider scaling out a small portion if bulls give another leg up tonight or tomorrow but overall am happy with these buys and considering a longer term swing position for them. But lets be patient, see what this week brings and if bulls can get further follow through and start to push back up towards our high of 2019 and get us over $14k! Congrats to the bulls as this pullback from the high certainly required some patience to re-establish trade positions but overall we got what we have been seeking the past several charts. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
BTC Update! Bulls show back up!Yesterdays chart I discussed multiple things of interest to me. Mainly we were watching the slow grind of bulls setting lower highs and lower lows on 4 hour to slowly drag price lower. As I was typing up yesterdays chart was when the bulls were showing some life and trying to shift that 4 hour trend back into the bulls favor. I discussed the low of $9651 we set which was a 30% pullback and loving if that would hold for the low and was seeking bulls to change the 4 hour chart to higher lows and higher highs to have me personally back interested in trades. Also was watching for 12 EMA on daily to see if it could now act as resistance. We saw the close of yesterdays daily candle get rejected at the 12 EMA but only for a brief period. Within 2 hours of this we saw a short 3% pullback and then the bulls were off again. Overall we now have seen a 30% pullback from $13868 high down to $9651 and then a 20% bounce back up to $11576. I have personally re-entered a partial position off two separate areas. Pullback on the rejection from 12 EMA on daily which unfortunately only filled one of my buys due to the small pullback. And my second entry this morning when we pullback to just under $11k. I have more cash aside to buy for a further pullback here if needed. Ideal scenario from here since the bulls have set a higher high on 4 hour chart is a higher low to come in compared to $9651 and then higher high again for 4 hour. This would shift our trend back to fully favoring the bulls and can start the climb back towards $14k. US Holiday tomorrow so stock markets will be closed and shortened day today. Will see what that means for crypto market but I do expect us to trade within this range of $9651 and $13868 for multiple days now. I do believe the bounce off $9651 was significant enough to say that is our bottom of this pullback but need a higher low and then higher high from 4 hour chart to confirm. Our bounce up to $11576 this morning would be perfectly fine to have that be our short term high of bounce and a healthy pullback just eyeballing the chart is anywhere from $10,500-11k in my opinion. Thus far we have dipped just under $11k but would be fine with a slightly lower pullback to fill last of my orders for this trade. Would also allow bulls to establish a nice healthy support level just below and above $10k. Sorry for long write up, fairly lengthy day trying to set up trade positions last night and early this morning. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
1
BTC Update! Moving along as plannedNot a bunch to update. We got the break a few days ago we had been waiting for to allow for low risk entries into BTC. We were then looking for a bull flag or perhaps a re-test of 12 EMA to see if it could once again hold as support before giving continuation. We received the re-test to exactly our 12 EMA and bulls have taken us higher again today. Traders can now utilize higher lows on 4 hour or even daily chart for stops to keep the trade in profit or opt to scale out and take some profits along the ride up. Love the low risk trade entries. I did notice some alts pulling back which should only assist BTC here as many sell into BTC from the alts. Hoping for a solid green day today and will consider locking in some profits on my personal trade. Just My 2 Sats!
COINBASE:BTCUSD
by My2Sats
$UAVS - low risk/reward - low float / insider buy/ accumulation$UAVS 1. recent contract news 2. Had major catalyst last month from news 3. Accumulation near .27-.30 range/ Insider buys insideri.com 4. Uptrend - making higher lows 5. low float / low volume I think this might have another nice catalyst.. IDEA 1. buy near support area .27 - .32 (Someone is watching the tape so I would scale out at any 6-8% and rinse and repeat. / I think over .42 buyers will start to load more. 2. Set a tight Stop loss at .03 below your entry (I would do mental stop and honor it if it breaks that level). Lots of bag holders from the last catalyst so I think this might run again. Long term play - do your DD as I think there's growth with this company and contracts. however, it's all speculative unless the company comes out with PR to back it up. Good Luck and play with smaller size to average down.
AMEX:UAVS
by work1411
1
DXY - Further Upside Following FOMC ? Looking at the fundamentals this week, we have the CPI data as well as the Core CPI data being released on Wednesday with positive forecasts as well as the FOMC Meeting Minutes later that evening. We then have news affecting a variety of currency pairs as we prepare for the OPEC Meetings, otherwise known as the Organisation of Petroleum Exporting Countries. This group is responsible for 40% of the worlds oil supply which is a substantial % holding, so we can expect major volatility, CAD of course is the most effected pair correlating with Crude Oil. As well as this overall news occurring in the world, we have the PPI data release on Thursday with another positive forecasting. Jumping to technicals and we are still in this ascending channel that I have shown in a prior article, however, looking at a more refined channel ( this isn't hi-lighted on the chart ), but if you draw out another ascending trend line from the higher wick of the 9th of October in line with the higher wick of the 2nd of January, 15th of February and extended into the future, we can see smaller refined ranging price channel. Looking at this channel, as well as the monthly key level, we can see we are running out of steam and I believe we can see a pullback before going long on this DXY. The 61.8-78.6% Fibonacci level is hi-lighted in purple on the chart as well as the 71% Fibonacci level is laying on the weekly key level. We had a lower low prior and if price forms a lower high at this current price, we should be set to go short, HOWEVER, we have many significant higher low swing points and thus, I don't see structure as broken just yet. We also have a new potential Head & Shoulder pattern which will confirm price retracing and falling to the downside to test the weekly key level of 96.25 before going long. With this in mind, Gold should push up, allowing our targets of 1304 being met and a potential reversal/short I anticipate. My bias for the year has been bearish for Gold and I still predict a large downside move to 1260 price region. So this can set us up for a high R/R setup. Drawing a counter trend line from the head to shoulder, we have a 3 anchored wicks showing some favourable downside potential. I have a current neutral standpoint on this Dollar Index, but I expect price to fall before a continuation to the upside. As always, take risk/money management into consideration and follow these news events as volatility is expected and we can definitely capitalise on the volume around these news events.
TVC:DXY
by KeownArcher
Litecoin: 48 And 56 Key Levels For Profit Taking?Litecoin update: I have to give credit to Andrew on this one because he has been calling this long in our chat room since it broke the 34 resistance. And now that Bitcoin has spiked higher (our first profit target at 3825 was reached), Litecoin appears to be on the move again. Andrew actually shared some valuable insight around the higher low and break of the 41.89 level as well for a continuation trade. For those who missed this, now is NOT the time to start buying, especially for short term swing trades. The 48 resistance if anything is a level to lock in profits. The other factor to be aware of is: there is a potential double top formation here. If Bitcoin starts lingering again, LTC is in a position to fake out. That does not mean that it will, it is just that the reward/risk is no longer favorable like it was at lower levels. The next key resistance is the 56 area which is what we are considering as a target when the next long setup appears. Overall, I can't say it enough times: PATIENCE PAYS. All during the bearish environment we were extremely conservative, very selective with our trades and MISSING out on some small moves while avoiding persistent losses. Now as the environment improves, we are in position to profit, not climb out of a hole.
BITTREX:LTCUSD
by MarcPMarkets
2
Bitcoin: Structure Still Says Strong. 4K In Sight?Bitcoin update: Price continues to hold up and is now taking out the minor bearish trend line that has been in place over the previous week. It is nothing to get overly excited about, BUT it does add to the argument in terms of further strength. This entire space is not exciting enough to attract a constant flow of new money, so it needs surprise news or catalysts in order to make any significant progress. This limits the effectiveness of technical analysis but does not render it useless. The news about the SEC's comment about an eventual "ETF" and now JPM's creation of their own currency are certainly positives for the future of this space. And judging from the recent price action, again the short term patterns may not be very reliable, but the broader structure is. After the news spiked the price over a week ago, it has been lingering lower, but not decisively so. We have been explaining to our followers that as long as Bitcoin does not give back the gains made by the large bullish candle, strength persists. Even in the face of increasing short interest. We carry long term inventory and a short term swing trade. In order to be in on the next leg up, you just have to be in and wait for the next news item to come out and surprise the herd. Bitcoin is a very emotional and ignorant market and the smart money knows it. And they use this to their advantage with the use of market moving information timed at their convenience. Just from my observation, there are many examples of analysis all over the internet that over complicate this. Perhaps they do this in order to attract attention since "more is better" appeals to the majority of investors, traders and gamblers. For us, the situation is very simple: Either Bitcoin takes out the 4K resistance area upon its next catalyst, OR it takes out the 3350 area support. Based on recent structure, price appears to be poised to go for the 4K but we also know that ANYTHING can happen. Some news item can appear out of no where that sparks a push to 3250. You cannot predict these events, but you can prepare. In summary, when it comes to timing any financial market, everything is about "IFs". IF Bitcoin pushes into the low 4Ks, we have profit targets in place to capitalize on the move. IF price takes out 3350, we will be stopped out of our swing trade, and we then wait for the next setup to get back in. IF price takes out 3250, we step aside until stability can reestablish itself. That is our plan in a nut shell. Market timing is about having a process and following it. Our process considers many variables, and we make every effort to simplify each step in order to minimize indecision. There comes a point where there are compelling reasons to still be in a trade, and when there are not. At the moment, Bitcoin still provides a compelling argument for longs even though price appears to be static for prolonged periods. Even though this is a primarily event driven market, that doesn't mean charts are useless, it just means you need to recognize the value behind the subtle clues that are still available. Do not make it more complicated than it is: higher lows often lead to higher highs.
BITSTAMP:BTCUSD
by MarcPMarkets
7