soon, bitcoin. bitcoin has almost returned to the mean (represented via the purple line). i'm slowly accumulating at these prices and i am prepared to buy more if/when the price drops. i think bitcoin's bottom is represented via the green line. my major areas of interest are represented via the green boxes. new ATH 4Q 2021 have patience, y'all. don't...
good time to buy some $NEO, as it is sitting on daily support.
i'm looking at the weekly .786 fib retracement level for a possible bottom on bitcoin. this would match the chart from the bubble in 2013 -- which also bottomed out at, essentially, the .786 fib level. i'm buying anything in the $4k - 4.4k range (represented as the green box).
$OMG has been riding this daily support level for a while now. Looks like a good place to start building a long position. Green box represents buy zone. Good R/R. Will update position accordingly. Average Entry: ~.000500 Stop Loss: ~.00381 First Target Price: ~.0019 Final Target Price: ~.00129 Risk/Reward Ratio: ~5.6
Looks like $TSLA rejected weekly resistance. Good opportunity to build a short position here. Good R/R. Resistance is represented as the red box. Support is represented as the green box. Will update position accordingly.
Might be able to catch a bounce off weekly support here for $GOOGL. Buy zone is as shown. Not the best R/R. Also watching the markets in general. Tech sector has taken a hit in 2018. Will update position accordingly.
Good time to go long on $FUN, as it is testing all-time lows. Average Entry Price: .00000189 Stop: .00000135 Target Price: .00000432 Risk/Reward Ratio: 4.21 Will update accordingly.
bitcoin is testing a long-term trendline that is currently serving as resistance. unless we have a daily close above 7.7k-ish, i'm bearish. i don't see us breaking $8k on this push-up. that is probably where we will reject. i will scale my short in up to that price. stop-loss will be placed slightly north of $8k. target price is around $6.9k. also of note:...
There appears to be a falling wedge on the 4-hour. The price is following two down-sloping and converging trendlines, and the price has touched each trendline 6 times -- with 3 touches per trendline. We will probably see a retest of the $7,800 area again before breaking out of the wedge. I'm starting to scale in now just in case we don't. I will continue to buy...
There seems to be broadening wedge on the 15-minute chart. Price movement is contained and is alternating between the two non-parallel trend-lines (white lines). This tends to suggest the end of a rising price trend and the start of a reversal. Good risk/reward ratio. Will short here. Average Entry Price: $9435 Stop Loss: $9603 Final Target Price: $8884...
Monero seems like it wants to break out. The past few days resemble the start of the bull-run at the beginning of November of 2017 (see pink rectangles). It's also resting just above daily support. Good risk/reward ratio. Opening a small long here. Will update accordingly.
There's a possible Cup and Handle pattern forming on $ETH's 4-hour. Good risk/reward ratio. Will enter a long. Stop:$447.06 Average Entry Price: $504 Final Target: $837.77 Risk/Reward Ratio: 5.77 First Target: $600 Second Target: $700 Final Target: $837.77 Will Update Accordingly.
There's a nice descending triangle nearing completion on $DGD's 4-hour (see pink lines). The price is currently resting on support. Good risk/reward ratio. Will buy some $DGD here. Stop Loss: .026480 Final Target Price: .025507 Risk/Reward Ratio: 9.63 Target Price 1: .038619 Target Price 2: Final Target Price: .025507
Bitcoin is in a clear downtrend. It has followed the above pink trend line (with 6 touches) for the last week. Until proven wrong, this is the obvious trend at the moment.
Since the $20k high, Bitcoin has almost flawlessly followed the Fibonacci Speed Resistance Fan. The current channel it is in suggests a $9.6k top. This price is also the long-term downtrend line. I will be scaling in a short position in the $9.2k - $9.5k range. Target price is $6k.
re the last two days of price action, there seems to be hidden support (blue line). The rectangle shows where whales (may) have opened long positions. Also, there is an ascending wedge forming, which suggests a similair drop in price may play out over the next few hours.