I know everyone wants to scream lambo, but lets stick with facts. We are seeing lower highs and the market cap keeps shrinking, so I am expecting some period of consolidation before another run on the downside. However, if the trendline breaks I will start scaling in longs, but we will cross the bridge when we get there.
Probably jumping the gun a bit but after the long rundown I believe we might see at least a bounce on the upside. Going in before the neckline break as I am getting buy signals on my short term system. Will add to the position if it goes my way in due time. First target is 2:1.
Testing the waters on CADJPY. We have seen a long downtrend and a triple bottom formation mixed with the fact that there was news today on CAD and it was not able to break lows, makes me want to dip my toe. Will add if we break the last high and hold above it.
Initiating a short as we come into resistance and we see rejection signs. First target at the lows and second at the amplitude of previous moves. Follow my crypto experiment on youtube here: www.youtube.com
Testing the waters with BCO as I see weakness. Going in light and will add as I see confirmations with my trading systems. First target is 2:1 Second target 4:1
Nuls just broke out, waiting to see if it can hold above the trendline. Will enter on a volume spike on lower time frames after accumulation. Take a look at my youtube channel for daily analysis and trade set-ups. : www.youtube.com
I believe we are at a very important crossroad. The first sign of positivity was the crossing of the important trend line, however, we have not tested it successfully as a support yet. The second and most important confirmation I need is for the 12k trend line to be violated on the upside to make a higher high, which has not yet happen. Therefore, I still consider...
Aelf just did a mini double bottom formation followed by a breakout of its trendline. Waiting for a bit of volume to pump into it on smaller time frames, but looks like a good risk/reward ratio trade. I've listed some key levels of resistances for profit taking along the way, should it choose to cooperate. Expect a test to the trendline before it makes its move...
Seeing a potential long on Iota as it approaches an important support. Check out my youtube channel here: www.youtube.com
This is an updated version of my game plan for trading bitcoin according to the current information that we have. Check out my youtube channel here: www.youtube.com
Starting to accumulate a position and expecting a slip if bitcoin decides to dip but still filling up my bags.
Waiting to see what it wants, what it really really wants. Check out my youtube channel here: www.youtube.com
Stratis just closed above its trendline on increased volume and held above it on a shorter term time frame retracement. Might see some movement before long. Check out my youtube channel for more info and analysis: www.youtube.com
Nexus broke out of its wedge on the upside, pumped hard and now retraced with a nice reversal candlestick pattern on the 4 hour time frame. Use lower time frames to time for entry on the long side and buckle up!
Just wanted to keep you updated on my trades. I bought on the breakout as I mentioned and got filled on an order near the trend line. I just exited half my position at 0.0002 and waiting for a retracement for an opportunity to get long again so we will see how that plays out.
EURAUD has been in a range for an extended period of time and much energy should be released from the next move, up or down. I see a potential complex head and shoulder pattern locked in a range but we have to confirm this by breaking the neckline. Idea 1: I will short using a very tight stop on a small intraday time frame at the upper range if I see signs of...
Buying opportunity on a retracement to the trendline.
Entered a small position on the break of the wedge formation confirmed with increased volume. Currently looking at the price action on shorter time frames to see if I can get some more in at a better price. Check out my youtube channel for more detailed information on my trades and market analysis: www.youtube.com