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ForgeTrades Updated 

A lot of people have been on the losing side the last few days and you might be left wondering where to now? The path is starting to look clearer but the next few candles are very important. Right now, we are at decision time. -When Bitcoin started its retracement it tested the 100EMA, but the sell pressure was too strong and this level could not hold. -It then...

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DigiByte has retraced to the golden pocket (0.618-0.65 fib level) and is now consolidating at the 0.5 fib level between the 100 and 200 EMA. As soon as DGB flips the 100EMA to support the bull run will resume. Now is the time to load your bags. Keep stops in place in case Bitcoin dumps and takes the market with it.

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DigiByte has retraced to the golden pocket (0.618-0.65 fib level) and is no consolidating at the 0.5 fib level between the 100 and 200 EMA. As soon as DGB flips the 100EMA to support the bull run will resume. Now is the time to load your bags. Keep stops in place in case Bitcoin dumps and takes the market with it.

ForgeTrades Updated 

BALUSDT – Potential 47% gains BUY: 36.5 – 38.5 TARGETS: 1) 41.4 2) 44.3 3) 48.5 4) 53.8 STOP: 35 (candle must close below) Rationale: -Price has just broken out of the triangle and is now retesting to find support. If it hold expect a bounce. -Note that if Bitcoin dumps shortly this trade will likely stop out, so manage your risk accordingly. Your risk,...

ForgeTrades Updated 

BALBTC – Potential 56% gains BUY: 0.00076 – 0.00077 TARGETS: 1) 0.0008502 2) 0.0009138 3) 0.0009788 4) 0.0010713 5) 0.0011891 STOP: 0.000725 (candle must close below) Rationale: -Price has been consolidating around horizontal support and looks ready to breakout. -Price and RSI are making a series of higher lows -The lows have formed a diagonal support...

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Bitcoin has just broken above and successfully retested the 4H 100EMA. If the last few candles were stronger it would have given us more confidence that the price will resume its upward trend, but for now we need to watch carefully and see. As long as the price stays above the 100EMA we are comfortable and we can target $54,000. Once that level is hit we will...

ForgeTrades Updated 

ALPHA Long term channel play BUY: 0.965 – 1.34 TARGETS: 1) 1.8415 2) 2.9432 STOP: 0.788 (triggered when a 1D candle closes below) Rationale: -Channel has been forming for over 100 days -Price has just tested bottom of the channel and was quickly bought up, resulting in a wick -The dip to the bottom of the channel lines up with a support zone Your risk, your...

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RAY was only recently listed on FTX and price has been dragged down by the Bitcoin correction. If price can close and hold above $9 it will be well positioned to retest the high. This one is straight forward, buy and walkaway. Happy trading.

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Link recently made a large retracement after the recent bitcoin dip, but is it done? There are a number of long setups you could take here but it might be worth setting some stink bids down lower to try and catch a better entry. You’ll notice that the price tapped the 0.5 fib level and was quickly bought up, however there is a lot of liquidity around the 0.618 –...

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LTC has been showing strength recently however it was dragged down with the recent Bitcoin drop. I expect to see it retest the low before making it's next leg up. Path is mapped on the chart. Happy trading.

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XRP is forming a nice trading range providing plenty of opportunities for intraday trades. Price has just tapped a key area and how it reacts here will set the tone for the coming days. If price can close and hold above the grey box then expect it to move up to the top of the range. If price closes below the grey box and is unable to break through again, expect...

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It’s decision time for Doge coin. Price has just tapped a key area and how it reacts here will set the tone. If price can close and hold above the grey box then expect it to move up to the level marked as Resistance 2. If price closes below the grey box and is unable break through again, expect a move down to the area marked as Support 2. Watch the candles...

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BTC has just taken a >20% drop and hurt a lot of overleveraged longs in the process. Is it done dropping though? Maybe not. Bearish divergence is clearly visible on the daily chart and is in the process of forming on the weekly chart. Volume has been declining. 5 and 10 EMAs are about to cross down. The strongest support on the daily chart is below...

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Bearish divergence has been spotted forming on the weekly chart for Bitcoin. Volume has also been decreasing the past few weeks. So what? Bitcoin is going to the moon right? Sure – but to get there it needs to experience a correction from time to time. Think of it as breathing out (price goes down) before breathing in again (price goes up). A correction is...

ForgeTrades Updated 

XRPUSD – Potential 42% gains BUY: 0.51 – 0.54 TARGETS: 1) 0.627 2) 0.755 STOP: Close below 0.48 Rationale: -Price has been following a diagonal trendline and now finding support on a horizontal level. -Once support is found it should retest the previous high. Take profits on the way up. Your risk, your reward. This is not financial advice. Happy trading.

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SKLUSDT – Potential 44% gains BUY: 0.297 – 0.278 TARGETS: 1) 0.354 2) 0.4 STOP: Close below 0.249 Rationale: -Price has formed a pennant and looks ready to bounce from the lower trendline Your risk, your reward. This is not financial advice. Happy trading.

ForgeTrades Updated 

DOGE has completed its retracement and is now looking primed for another leg up. -It retraced to 0.5 fib level, then cleared the lows down to 0.618 fib, and is now finding support on the 0.5 fib level -The 0.618 fib level is a strong area for a bounce -RSI is showing bullish divergence with price Buy now and HODL till the moon

ForgeTrades Updated 

OMG looks like it will make a slight dip before bouncing up. Buy in the green box. This area is confluent with two trendlines and the 0.236 fib level, which indicates a strong area for a bounce. The fib levels are consistent with support/resistance levels and can be used as profit targets on the way up. Happy trading.