Let's wait for confirmation. A beautiful trade from the old teachings of Mr Jojo: www.tradingview.com I learned basic trading with him. Thank you sir. "Be patient"
We have two trendlines here, the important hasn't been brake and it is the same as the bull band for ALTCOINS so we might see a consolidation here before breaking out which may mean a few more weaks of CRYPTOCAP:BTC.D BTC Dominance breaking up and ETH following stronger as CRYPTOCAP:TOTAL2 already broke those trends. Trade smart, wait for confirmations.
One of the best trading pattern, that you'll find in every market, are triangles. They are amazing because of a few key benefits: Very easy to spot. Clear way to measure them. They are continuation patterns, so you're not fighting against a trend. They are easy to indicate brakes or fakeouts. This is a great article about them:...
Looking for a good break out of this pattern and in the MACD again. Right now is retesting, we will be waiting for a bullish pattern as this can be also a fakeout
This is a long fakeout in the chart of $ENPH. We look at this fakeout after it brakes a trendline and you don't find continuation to the downside after retesting the break. After this, the fakeouts market liquidates many MANY sell positions and call options that they do 2 things: Scare the sellers with bad loses Add tons of liquidity or volume around these...
$AVAX is breaking up from it's symmetric triangle pattern having done most of the confirmations we want to give a change of trend. It broke the downtrend to the upside. It capitulated to a -62% under high volume, braking many long leveraged positions and coming back up. It's doing higher lows and higher highs. It respected high volume support at $60 Let's...
Let me know what you think in the comments. Sorry for the messy chart
Take advantage of every opportunity, bullish long term but bearish short term (3 to 6 months). Trade strategically
Etherium broke the 3 month downtrend a few days ago and yesterday just retested this trendline and continued up. Great confirmation for a trade here because of the retest of the 0.618 fib, great demand level from $2800 to $3000, and trendline retest and continuation. On the contrary, it just reached the resistance level 0.5 fib and big supply from the last 4...
BINANCE:BTCBUSD BITSTAMP:BTCUSD Bitcoin is trying to keep going up, powered by this bullish sentiment, but is in a very important resistance between $44K and $46K where the gigantic head and shoulders may scare some technical investors. Despite this, the news are as bullish as they can be, like: Bitfinex Hackers Arrested, Russia To Legalize Crypto,...
Oil broke an important trendline a few months ago making the case for an even bullish year on 2022. I've been holding a trade since the trendline break, low risk and great reward. Swing trading for a couple of months now, target is $105. The covid drop made the break in the wedge pattern to the downside making a bear trap and giving liquidation to many people...
It's just consolidating, let's wait
Again, TAKE PROFITS! Unless you put your money for a very large time you should be learning to take profits, manage your risk and pick the right assets. DOT is still great fundamentally but if it drops form this line it might be like ADA this last 3 months, but hold the logline that is in the previous analysis at $19 *Disclosure: I own DOT spot and not selling...
One strategy to increase profits and trading efficiently is finding and trading coins that outperform ETH and give your time for analysis only for this coins. If they don't gain against ETH at some point it is not worth (even if you have great news or fundamentals) exchanging your ETH, the mother of Altcoins, into any other coin. Now, if the coin outperforms ETH...
Many touches and support at this price from last consolidation, always wait for confirmation and then attack. We can see the daily MACD giving us a good entry after this consolidation over the support line, last time price was at this levels and the MACD gave us this signal ADA when nuts doing over 180% in 40 days. We always try to look for the trap in our own...
BNB is of great value, against ETH and BTC charts is working so well. Plus is reaching the bull band (SMA 21 and EMA 20) to find support and keep going from there completing the big bull flag. One of the best Bullish scenarios I've seen! (if it holds) Has been working out for us in our previews analysis
After great returns comes retracing, we can take advantage of this trading inside the channel. Not the best probability trade but still a pretty good pattern.