Grimland

Grimland Updated 

BCH is forming an ascending broadening wedge and can break down anytime To catch this trade we have 2 possibilities 1) We get confirmation that the pattern is a valid one once support trend is broken and we can place a short order 2) We retrace to one of the horizontal support levels and get a rejection, this would imply a partial decline and we can place a...

Grimland Updated 

BCH is forming a descending broadening wedge We have to wait for a close above resistance trend line to place a buy order Though i expect a rejection here followed by the formation of a partial decline which would be even more interesting to buy since partial declines predict the breakout direction (upward) and works 79% of the time TP as shown in the graph

Grimland

BTC found resistance at the $8500 mark followed by a decent move to the downside It managed to stay above $6000 horizontal support and a retest of 0.618 fib retracement ($6800) is very likely (descending broadening wedge reversal pattern visible on the 4h chart: IF this happens it might also be the right shoulder of an inverse H&S as shown in the graph (red...

Grimland Updated 

I see descending broadening wedge on BTC and it might be forming the partial decline which would trigger a long position We have to wait for reversal candle in the buy zone TP as mentioned in the graph

Grimland Updated 

BTC/USD is forming a broadening bottom The performance of this pattern is not the best but the partial decline does a good job of predicting an upward breakout TP's as mentioned in the graph

Grimland Updated 

BCH is currently forming a rising wedge Our short will be triggered once the support trend breaks and the rising wedge is in play

Grimland Updated 

It looks like BTC might be forming an inverse head & shoulders A reversal here could form the right shoulders in that case we have to wait for a break of the neckline, which would give us confirmation that the inverse H&S is in play Target as shown in the graph If we go a little more into detail we can spot a short term high velocity decline leading to the...

Grimland Updated 

BCH is in a broadening descending wedge, price touched the bottom trendline 3 times and is now forming a partial decline so we can expect an upward breakout SL and TP as mentioned in the graph

Grimland Updated 

IOTA is forming a rising wedge on the hourly timeframe Bearish RSI divergence gives us extra confirmation A break of support trend would give us confirmation that the rising wedge is in play Target is 0.5 Fib retracement

Grimland Updated 

BTC is forming a falling wedge on the daily timeframe.

Grimland Updated 

IOTA is forming a falling wedge Break of resistance trend of falling wedge will trigger a long TP as shown in the graph SL is break of support trend of falling wedge

Grimland Updated 

It looks like BTC is forming a falling wedge on the hourly timeframe Bullish RSI divergence gives us extra confirmation To catch this move we have to wait for a break of resistance trend of falling wedge, this will trigger our long SL: $6299 TP: downtrend is final TP but we should lock in profits on the way up

Grimland Updated 

BTC is currently in a channel We are at a decisive point right now If we manage to break the down trend, we should expect a move to resistance trend of the channel If we break down we should expect a move to support of the uptrend on the daily timeframe

Grimland Updated 

If we break $1.77 + 100 MA resistance we can expect a move to $1.86-$1.93 Bullish RSI divergence gives us extra confirmation Place your Buy orders above $1.77 resistance to catch this move

Grimland Updated 

Looks like IOTA is forming a falling wedge bullish RSI divergence gives us extra confirmation 2 ways to trade this move: 1) We place a buy order above resistance of the falling wedge, if it breaks up, the falling wedge is in play, our buy order will be triggered and we ride the wave to $1.8 resistance + 100 MA 2) We wait for a reversal candle at $1.642 support...

Grimland Updated 

Rising wedge on the hourly + bearish RSI divergence, good time to go short We can wait for a breakdown of support which would give us confirmation that the rising wedge is in play profits as mentioned in the graph, TP3 is the uptrend on the daily timeframe Our Stop loss is a break of resistance

Grimland Updated 

BTC is in a channel Price is getting closer to support line RSI is oversold We have to wait for a reversal candle above support that will signal a long TP's as shown in the graph

Grimland Updated 

BTC is forming a falling wedge To catch this move we have to wait for a break of resistance trend Bullish RSI divergence gives us extra confirmation TP as shown in the graph