PureStructureNoBS

PureStructureNoBS

We are in a descending triangle pattern in the 15/1h time frame. I think we are likely to go down due to major overhead resistance. But there is always a chance to break to the upside. Im 75/25 that it will break down. Careful with false breaks. Its the weekend, so they are likely coming

PureStructureNoBS

Last night we broke down from rising wedge. If we get a full candle close below 1hr 200 EMA, this will be a confirmation for further downside.

PureStructureNoBS

Hello everyone, LTC is rejecting previous support now resistance line in drawn turquoise. Once we reach 37 we will see the price action to see if we are able to form a double bottom (most likely) or if we keep on dropping PureStructure here giving you precise entries, targets, and stop losses with good risk reward. Happy trading and manage risk wisely

PureStructureNoBS

I know, we just had a big bear break and everyone will start calling for a massive drop to who knows where. But looking at the charts we are in a good support area and if we break up from this wedge we could see some big gains. We already dropped 50% from recent highs at 330. If you are a long term trader this is a good point of entry with minimum risk Please...

PureStructureNoBS

Hi everyone, ETH is looking very bearish right now and can possibly reach 160 which is the bottom of the rising wedge that broke a week ago. Please feel free to comment below and share your ideas

PureStructureNoBS Updated 

If the price reaches our target then this is a great short term long position. 7650 - 7250 area has fib .618 and multiple support levels. Its also right about 50% off the high at 14000

PureStructureNoBS

Hi everyone, We are at the bottom of an ascending channel in LTC and at support. This is a good long opportunity with at least a 5:1 risk reward

PureStructureNoBS

Hi everyone, Ethereum is looking very strong right now after breaking the 180 resistance and the desending wedge drawn in purple. This is a great 10:1 risk reward opportunity that doesn't come often. Target is 30% higher

PureStructureNoBS

Hi everyone, BTC is at a strong support level. Can this support fail and break down? Yes, but most likely it will hold because we pass right through previous support and RSI levels are at extremes. Stop loss is at a break of 10k. However if it is a false break I will re enter. Not this but the next 4hr candle close will determined if this level holds. Feel...

PureStructureNoBS

Hi everyone, We have a big triangle (in purple) right now that is coming to decision time. If we break down from 9600 with confirmation, it will take us to the next support at 8800 which is a great buy opportunity as a larger bull flag is in play. If we break up closing above 10,000 our target is 11k at the very least I believe that BTC wants to break down,...

PureStructureNoBS

Things are looking good for BTC right now. Very strong bounce off 9000s. Now we have a possible head and shoulders in the making. Final target is 12700. Best buy opportunity is between 10k and 10250.

PureStructureNoBS

Hi everyone, BTC is inside a triangle and it is now moving towards the top edge. The crossing and now support of the 200 EMA is a great signal as shown in the past (blue circles) Also 11800 is a strong support on its own due to previous resistance

PureStructureNoBS

Hi everyone, We are in an ascending wedge pattern (bearish pattern) but we are likely to have another leg up if we bounce of the buy zone around 12000s

PureStructureNoBS

Hi everyone, There is a possible H&S formation in BTCUSD. If we are creating the right shoulder, which I believe we are, we could eventually drop to support level at 4400s. Which is also the height of the head to the neckline. It will be important to see the reaction at the neckline for confirmation of the break down. Cheers

PureStructureNoBS Updated 

Hi everyone, ETH is presenting a good short opportunity. We have the 50 and 200 EMA acting as resistance and creating a death cross. It also formed a double top with a 4h doji. Remember we are coming from an impulse down so the most likely scenario is that we will have another wave down. This is a good 4:1 risk reward opportunity Please feel free to share your...

PureStructureNoBS Updated 

Hi everyone, It looks like we are in an ascending wedge pattern. This is a bearish pattern that will most likely take us to the bottom of the pattern around the low 5000s. From there I believe we will keep moving up in a larger ascending channel drawn in pink. The trade idea posted here is to go short in the range of 5300-5350 with a stop loss above 3560 which...

PureStructureNoBS Updated 

Hi everyone, BTC had its first impulse down a few days ago, it then created a bear flag in purple, and is now creating a second bear flag right below its bigger bear flag. This is a great short opportunity. A stop loss with a close above 5120. Target is low 4700s high 4600s marked by the length of the first impulse and the support area that we have there. There...

PureStructureNoBS

Hi everyone, I recently posted an Ethereum chart on a long opportunity. However, currently the risk reward greatly favors the bears for close stop loss entry in case we crash down from this trend line convergence Feel free to comment below