ETH/BTC is looking very nice here. Price broke out of the May peak trendline and consolidating above. A/D value also broke the same trendline and 21 EMA and consolidating above both. Bullish until breakdown of any of these lines. Target 0.1 if bullish sentiment continues.
Long from $0.16, first target at $0.25 Take out last low of big wick Moderate chance for a bounce at the last 4h cluster before $0.075 Ultimate meme coin
Price is in area where a higher low is likely to be established if market is bullish If higher low is formed looking for ~$2750 to ~$2850 for a local higher high top Higher low is confirmed with todays/tomorrows daily close above $1925 Higher low is invalidated with a daily close below $1865 with a new lower low target of at least $1550
1. *Bearish* A higher low isn't formed and price continues to grind down making a new lower low breaking market structure again and heading to $1500 2. *Bearish* Price forms a higher low here and continues up to the $3300 region making a higher high before breaking down similar to the 2013 top 3. * Bullish* Price forms a higher low and stalls at $3300 before...
I'll be looking for a lower high around the 48k mark. This is the ideal area where I look to de leverage any positions and reduce BTC exposure. Cautious around 43k also, start of deleverage and reduce exposure there.
YFI bagholder special. I fully expect YFI to outperform ETH this coming Defi summer 2.0. Looking to build a long term position around current price action. Signs of weakness below 20 YFI/ETH (many daily closes) I would look to close and re-enter lower.
After the monster rally BNB experienced earlier it has consolidated nicely (bullflag) with price briefly trading below the lower trendline before rebounding to near the upper trendline. OBV is very positive with the upperbound getting testing a few times now. Looking for the OBV to trend higher before price makes its way above the upper trendline. Targeting a...
New bagholder special. If price closes above the diagonal trendline on a daily basis that would give the green light to start accumulating for a longer term hold. After the break anything near the trendline is a buying opportunity. Targeting around $150 as a final take profit. Will update idea.
With all the green numbers this sector has seen over the last couple months it's important to remember to pay yourself and take profits on the way up. Gains aren't realized until you sell and with how quickly tops can form it's never a bad idea to take some risk off the table. Adjacent with dollar cost averaging on the way down it's equally as important on the way...
Is this the beginning of the dip or shaking out weak hands heading into the weekly close? If it is a new short term correction the plan is to wait for 446 to be broken with the weekly closing below it. Short the first touch of 446 on the new weekly candle. Stop-loss place around 455 with a first target of 420. Risk/Reward around the 2.2 mark.
Entry --> 1.2995 Stop Loss ---> 1.3087 Take Profit--> 1.2969 Risk/Reward --> 2.44 Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow a proper risk management program when trading.
Expecting BTC price to stall around the 15.5k area for Monday or Tuesday before revisiting the lows at 14.6k before breaking past to 16.5k by next week.
Entry --> 10480 Stop Loss ---> 10650 Take Profit--> 9650 Risk/Reward --> 4.75 Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow a proper risk management program when trading.
With the current formation looking like a bottom this is the route that I think ETH will take in the coming days. Levels of resistance are gong to be 390, 420, 450. Little bit of work the bulls need to do to break through these levels. Anything under 350 and we'll have continuation to the downside.
Looking to long once more with a target of $470. Similar setup as a week ago, worth the risk to try it again. Bull markets love their 21 EMA. Entry --> 395 Stop Loss ---> 367 Take Profit--> 467 Risk/Reward --> 2.7 Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow...
A scenario that I can see playing out with the SPX is very simple, identical price action to what was seen with the QQQ in the last couple months. Price is going to make quick work of the previous ATH not giving an inch to the short sellers, achieve a new ATH a few percent higher before tapping the previous ATH to launch the index to a yearly high of 3700.
BTC seems pretty primed to propel to the 13k region in short order. Following Ethereum's rise the previous days it's time for BTC to carry the torch. Long your longs. Please Comment, Like, & Follow! This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow a proper risk management program when trading.
Daily failed to close back above the 21EMA, targeting a bearish monthly close. First target is at 11k and the second is at 10.8k. Clear bullish invalidation with a daily close above 11.8k