This is what needs to happen for bitcoin to reverse. It has to reclaim the 38k level, and would most likely do this with a reverse head and shoulders pattern. I'm not saying this will happen, but this is what BTC needs to do if it wants to reverse. If you see this pattern forming, it would be time to long bitcoin again.
Ethereum is in a H&S formation vs BTC, and it's highly likely to go down if it closes below the neckline. Target on chart
This is fairly straightforward continuation in rising channel. nearly 20% potential
If $ZIL bounces from here despite all the market selling in BTC and others, it could start a super bullish trend as not many alts are holding well right now.
$BAL has printed a very long wick below the support level, and has traded above the close of that candle. This is usually a low risk entry and signifies a reversal.
Two possible entries on the #SXPBTC chart - If it drops to the bottom of the channel it gives us a great entry for a high payout - If it doesn't and it breaks resistance, then we can enter on the breakout
Verasity broke out from the triangle/flag and is consolidating before continuing it's run up. The potential is almost 50% from here, and we can set an aggressive stoploss below the consolidation, or a safe stoploss under the flag's downward channel
$XVG is bullish and targets are a bit difficult to find. I did the following: - Drew real old daily support/resistance - drew fibs on past 2 swing highs and lows I got interesting confluence giving us a clear target we can go for. We're now at some sort of resistance, pushing through it I would expect our target to be reached fairly quickly.
$ADA has flipped resistance into support while apparently engulfing the previous candle (please wait for candle close to confirm!!) #ADABTC looks like a safe entry for about 17% profit if it closes this candle strongly
$XVG is crushing it vs $BTC and broke the weekly resistance. It's now looking to go to ~150 sats fairly quickly and potentially higher
$ZIL is crushing it, potential 60% as it's now flipping resistance into support. Stoploss below recent swing low.
#1inch is tightening around the resistance, this is usually a sign that it will break it (bullish triangle). To avoid being trapped in a fake-out, my plan here for a low risk / high reward trade is to wait for confirmation, then long for 25% to 30% profit which should come fairly quickly once support is confirmed.
EOS has turned bullish on high timeframes after flipping resistance into support. Stoploss should be set below the recent swing low, and the risk/reward is looking great!
$XTZ is approaching a resistance vs $BTC on the weekly chart. If we can confirm above and bounce off, it should flip very bullish and fly for weeks/months.
BAL has been consolidating for 78 days now, and is hanging around the top of a daily bullish triangle. If we break this triangle BAL should just explode to the upside
$LINK is reversing from the downtrend channel and already broke out and retested. This is a perfect entry, and we can take a very safe stoploss that should give us an easy 35% trade on the #LINKBTC pair
$KAVA is still very bullish on the #KAVABTC pair, and is retracing to the previous high. As additional confluence, it's also testing the EMA 21. This offers a great first entry there's a chance we retrace lower to 11353 satoshis for an ever better entry. Keep an eye on bitcoin, which seems super bullish and could end up invalidating this setup.
$FLM broke resistance a couple of days ago, closed above it yesterday, and is confirming with a nice green candle today. As long as we close the daily near or above previous candles, this should be a fairly straightforward +50% on the $FLMBTC pair. We can set a tight stoploss and aim for high targets.