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Ocean Protocol / Bitcoin

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OCEANBTC trade ideas

Clear Entry Opportunity on OCEAN/BTCOCEAN has clearly begun forming higher highs and higher lows. This is not a definite sign of a reversal, but it is signalling an excellent opportunity for a low risk trade. Many coins are reversing, so it makes sense to enter trades like this for some decent medium or long term positions. The ideal buy price would be at previous resistance, which we are hoping turns into support. If this trade turns out well, we can swing trade parts of the position to add onto the overall size, and then wait for clear signs of a selloff before we completely exit.
OLong
by StayHydrated1
OCEAN/BTC is showing signs of a potential upwing.On its current downtrend structure, it has convincingly found higher lows. Although is has yet to form a higher high, which would signal a better chance for a reversal, it has other reversal signs as well. It has broken above a long term down trend line. lthough it did have some arguments above/below this trend line recently, it has closed many concurrent candles above this trend line. The MACD and RSI are showing plenty of room for a price increase if one does take place from this setup.
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by StayHydrated1
OCEAN/BTC possible inverse head and shouldersJust wanted to share some thoughts on what I see forming with Ocean. Full disclosure this is one of my main bags and has huge potential IMO. I typically don't like to chart on lower time frames but it's useful in determining reversal patterns. 1. As you can see on the chart a possible right shoulder is forming. Next couple of days will confirm or reject. 2. Currently at resistance below the cloud, if a break into the cloud and further breakout at the top of the cloud will confirm the right shoulder. Cloud is at an inflection point where a flip green or rejection could occur. 3. MACD has had a bullish cross. Unknown whether it will hold 4. RSI looks to be climbing. We really won't see a lot of strength until BTC.D falls more. This IMO could happen anytime now. What most need to realize about BTC.D is during the last bull run it continued to fall during it's climb to ATH. Also Alts are important for Bitcoin's run as well. It's a mutually beneficial relationship. Returns earned on BTC are flowed into Alts and returns made on Alts are returned to BTC and the cycle continues, therefore a continuous loop. IMO that's why such exponential growth was seen at the very end of the last run. We've only had one major cycle of a large amount of new capital being injected into the crypto market during this run since July. Things will get really interesting after the next few injections. We are just getting started....
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by devinlightart