$BTC is at a promising point! I'll help you read this analysis so that you can truly understand the current market structure. - Watch how $BTC broke out of that strong 4hr resistance, then came back to retest it. (We expect a bounce from that trendline) - Watch how it formed an uptrending channel, where it's continuously making Higher Highs and Higher Lows....
📚 EDUCATIONAL💡 Potential Wyckoff Accumulation pattern on the BTC Chart!!! I've tried breaking this down as easy to understand as possible. DON'T READ IT, STUDY IT! Richard Wyckoff was a guy from the 1930's who was so done with the big guys manipulating the market that he went ahead and developed two methods that helps you oversee the future and save you from...
What a great start of the week with BTC giving us such relief! Cannot say we are surprised, as we've called a ranging structure on BTC almost 1 month ago, and it has been doing just that eversince. I know that the chart is a little busy but pay close attention to every small detail. - See the range between 32k and 40,5k - See the descending trendline on the 4hr...
Additional notes: I'd be more comfortable picking up ALTS once BTC has interacted with the two key areas in the range at least twice.
#OCEAN/BTC Hope to get filled on the support of the ascending triangle. Buy limit: 1761 TP: 1958-2090-2300-2666 SL: 1686
Looking for a textbook breakout and retest on SXP/USD. Don't be surprised if most charts now look the same or very similar, this is very common after such a reset that we had on the markets. Buy limit: 2.140 SL: 2.07 TP on chart
It's Monday, fresh start of the week. Before we make any trades for the day/week, always best to look at BTC first as it affects ALTS crucially. BTC seems to have bounced from the lower level support of the symmetrical triangle. Looks promising that it also bounced from the .236 Fib level. If BTC stays in the triangle, it takes 5 days until the next decision...
A long term perspective on the chart of BTC. A pullback to retest the ascending trendline is probable at around 32k, but I doubt that we would have another chance to buy BTC at 29k.
CAKE has gone through a 40% pullback from its ATH. Having the chance of buying CAKE at this price again is a blessing. Buy it now as it bounces from 0.5 fib. BTC will not mess with us, can be comfortable now. TP and SL is indicated on the R/R indicator.
I'm certain that BTC is bouncing from here, dominance is also dropping so I'm comfortable buying dips on ALTS such as Elrond. Bouncing from 0.786 fib. SL: 133 TP: 178-9 just below 0.5 fib
Okay, we've all got an idea about dogecoin. Some think it's funny, others say it's ridiculous but some newbies make money on it and put experienced traders to shame for ignoring it's hype and price manipulation. I belong to the latter category however, this time I do see something interesting. Price has been making higher lows and it formed an ascending...
This is an interesting but bold way of applying one of Wyckoff's schematics on the BTC/USD chart. Interesting for it's exactly the same accumulation pattern, and bold because this was meant to be applied on higher time frames. Therefore, I don't suggest trading this, only posting it for educational purposes. As you see, the scheme is broken down into different...
Been trading in a channel for quite a while, broke up to ATH's then scaled down slowly giving us a descenging triangle. Currently trading at support, pretty clean set up. SL and TP's highlighted
Give me a text book break out then retest so I can long again.
Expecting a breakout to ATH, not hoping it, not wishing it, I don't care. TA is clean and simple. So let's see.
RIF has been climbing up steadily then broke out of a strong resistance, came back to retest it and now we buy it because we believe in its future potential!! This is going to be HUGE!!! .. joking, I don't care about any of that. TA looks good and that's the only thing that matters.
I am expecting a bounce from the channel range between 60500-61000. There is further support at 60k. Let's go shopping for ALT's.