New structure forming in a bullish direction breaking out of trendline with HHs and HLs. Waiting now for a retrace to support and form another HL and wait for a confirmation candle on support being held. Once held entry at .00000180 Entry at .00000180 in on course to bounce off center bollinger bands, extra indication as it heads back to support and confirm an...
Market structure good, HL and LL's, has pulled back to the 61.8 fibs from the last big push down. Has started to respect new downtrend. I think it will make a new LL but with the current global problems I will look to take profit on the 50 Fibs from last push up just incase. I have opened two positions, One a safer position with stop loss above last HL and second...
Broke above ascending triangle, creating HH then had a pullback into support zone. Entered half my position after this bullish candle (strong volume). I've set another buy order if price pulls back further into support zone to 50% fibs (average entry will be 38.2%). Stop loss is just below 61.8% which would also be a break in trend. Could take 6 days to play out.
Have located a potential bear flag on the 4 hourly, although daily momentum is heading down with LLs and LHs. Waiting to see if the daily EQ can hold. If we break out of this bear flag to have a shot at the next supply zone. If daily EQ cannot hold and we break below then i am looking at following trend down to the next demand zone. Either way i will need a break...
Longterm trade. Looking at the daily, currently bounced off of 61.8% Fibs. Long off double bottom on 61.8 or wait for break in downtrend and long off retest. Could day trade between resistance levels on the way up. Or sit back, kick the heels up and watch it launch to the top of the channel. Pretty decent RR.
watching price for two potential trades. 1. price is consolidating on strong daily support. Looking for price to break and retest resistance (2270) for a long entry. Stoploss below previous structure will access once placing the trade. Take 50% profit just below demand zone, watch price here to see if volume is picking up and trend looks strong, if so let the...
simple trade downward wedge/ bull flag forming currently retesting daily trendline buystop set above 1hr resistance line SL below 4hr resistance 1st TP at previous wicks, last TP at 4hr resistance
Decent bounce from original sell off, i don't like the lack of volume, bearish pattern and the rejection off 61.8 fib level. Anticipating a move to the downside in the next few days but will wait for confirmation.
QLC Chain QLC/BTC Daily Binance Analysis QLC Ranging between 120-235 satts respecting both levels. Looking for a swing from the bottom of the current channel, to the top when the short term down trend is broken. Because QLC is such a low satt coin, position size would be very small and only 0.5% Risk on this position, if a trade presents itself. Looking for an...
Retraced to 61.8 and closed above, Currently broken out of down trend next resistance is at 0.00034128 which is just above where i'd enter. so placing a buy stop a bit above resistance 1 Take profit at 0.00036344, Last TP is a trailing TP following at -1% to catch any lucky dip pumps. RR for the trade is 2.0 expect the trade to play out by tonight, mid morning...
WEEKLY REVIEW BEFORE DONNYS MONDAY NIGHT MARKET REVIEW CALL..
ETHUSD Monday market review. Joining SOS Donny does a complete market review on Monday nights. Getting in before Donny to gauge how my knowledge is growing within the trade space.
Notes on chart, Thanks in advance Donny
Ethereum Classic / BTC 240 Binance ETC testing the bottom of the current range, while respecting the short term down trend. As price gets squeezed here I will be watching for a potential long opportunity if we break trend and create a higher low on the retest. (If price breaks to the down side there will be no trade) Will be watching for 2 things on the break,...
Its been an interesting week in the financial sector across the globe, a lot of fear and doubt in the global economy right now with the corona virus, banks, unemployment and trade wars. A lot of people putting focus on that being the cause of some of the movements in the crypto market and although it may have a slight effect i don't see it as being the root cause,...
Waiting for a break above resistance on the 4hr entry off res for 20% gain stop loss at previous structure. 4%