MoonTrader

MoonTrader

I'm super serial.

MoonTrader

My most recent idea was invalidated pretty quickly, hence why added the "If we were to reverse here..." disclaimer. Now we see why you don't place orders and forget about them. Ideas can always be invalidated, but my longer term ideas have been bearish for quite a while now. In fact, it doesn't look like it's even going to reverse here, which was unexpected. ...

MoonTrader

If we were to reverse here, this is how I see it playing out. We've already broken the neckline of the most recent double bottom, so we may be experiencing a small retrace, followed by the price shooting up. This pattern was well-documented at the low of $255 and seems to be following it a la textbook. In the last double bottom, the price retraced to the...

MoonTrader

As I've said before, we've been in descending wedge consolidation pattern for over a year now. Naturally, things are quite choppy and indecisive toward the end of this consolidation, but the important point is that all available info says we are close to a bullish breakout. Some reasons why are posted on the chart. First of all, the descending wedge, which we...

MoonTrader

I know, lame joke. Anyway, we're seeing the price retesting the important $275 support level at the moment, which happens to lie around the 61.8 fib level. I expect to hold it up for a little longer, but it's already been broken and the lack of overall volume tells me the trend is still intact. I'll be waiting for a pullback and possibly shorting the pullback...

MoonTrader

The market is currently holding higher lows and pressing up against $280 support. Once this breaks, I expect it to go into the $290s. I'm still bearish medium-term, but this looks like a good high-probability trade.

MoonTrader

Support and resistance levels have been defined and market is holding slightly higher lows and higher highs. For now, however, it's just sideways action. I'm already long at $266 with stops just below at $264, so this is a good R/R trade. If and when that resistance breaks, I believe it will just be a matter of catching the pullbacks, but the overall trend will...

MoonTrader

Possible double bottom forming. If it goes above $274, buy and don't look back.

MoonTrader

The long-term trendline is in sight (thin blue line at the bottom), but we still haven't seen any major panic yet. I think this will happen when we reach the trendline. The dotted orange line is the bottom of the descending wedge we've been in since last year. Also of note is that today is a full moon, so this may be the day we see things reverse. The effect...

MoonTrader

This price action still looks a lot like a year-long consolidation pattern. It looks and feels like a bottom is coming soon, but this may drag on at the $280 level for another week or so before we see the final capitulation. I really don't expect it to go below the lower blue line or the red long-term upward trendline. We may get the dump soon and reach a...

MoonTrader

With the long-term support trendline below, I believe a break above $320 signifies the beginning of a long-term bull market, as per my recent ideas. I was expecting a drop to the mid-$200s area, but the market may just skip that, seeing as how it seemed to be such a common sentiment. Instead, we may be seeing a double bottom here in the $310 area. The market...

MoonTrader

This is what I've been talking about for the last few weeks. We're about to see a three-drives pattern completed within this year-long wedge, and it just happens to be at the exact point where the bottom of the wedge meets up with the long-term trendline. I'm currently short until we break down out of this small blue descending triangle within the long-term...

MoonTrader

This is a pretty clear bearish signal. The volume has been steadily decreasing ever since we entered this upward channel. After being rejected at $333 on stamp, the price is re-testing resistance at that level on lower volume, signifying the possible beginning of a new downtrend that could lead us to my longer term target of $250-$260. BTC...

MoonTrader

Pretty self-explanatory. This is what I'm looking at. Scoop up coins cheap and then sit back. I expect this capitulation to happen pretty quickly.

MoonTrader

I'm going to be watching the $305-325 area very closely over the next few days. A break under $300 could trigger a panic sell down to the $250s, where I expect to meet strong support at the long term uptrend, marked by the blue line at the bottom. Volume is down and price is up, so this tells me the current mini-bull trend isn't sustainable. What's more, we...

MoonTrader

These are the levels I would consider a short from. The higher you go, the riskier the short, but the better the R/R. If it goes past $350, that's when I stop calling for shorts and re-assess the market. It's your decision, but these levels are the most well-defined areas I would consider shorting until we hit my longer term target of...

MoonTrader

I'm expecting a small retrace here. I don't recommend going long in a downward trend, but this might not be a bad place to close shorts and look for another entry in the $340s. There appears to be a reoccurring pattern between here and the last bull run where the price bottomed out 3 times only to fake out and plunge again. I know it's not technically a triple...

MoonTrader

I'm short-term bullish as we come to the end of a bigger descending triangle while testing $340 resistance, which has been tested several times, but there's been a lot of selingl volume lately. Sometime in the next week, I expect the price to react to the new moon and finally break $340 support with conviction and go on to test $300s and possibly down to $250 in...