Just having a little bit of fun looking at 100+ diff crypto charts and figuring out the mainstream direction in the near future (a couple of months). The real altseason and, in consequence, a real fun will start when some of good old high- and midcaps from 2016-2017 will near itws ATH. Will see.
Fundamental + TA. As for TA: 1) buying volume appeared 2) solid SL 3) decent potential Thoughts on this?
1) Consolidation breakout on decent volume 2) Room to grow towards $500
Consolidation breakout Impulse H1 200MA triple test (resistance)
1/ Bullish engulfment h1 2/ Return to the red line (miner's break-even) 3/ Decent volume on the emphasized bars 4/ Shake-out in the last few days. Which is obvoiuos now. "What goes down too fast, comes up". As for HTF view: 5/ But the main thing we want to witness is BTC being decoupled (sorry for cliche:) from SP500. That's the THING it was created for.
Pretty risky trade tbh (on higher TF BTC looks more bullish). My pros: 1) R/R which is around 1:3 and I like the trade's overall potential. 2) Pin bar on 9150-9200 level (rejection). 3) High volume (limit and agressive sells) 4) Negative delta And...double top (previous was on 01/19/2020).
1) VSA: Decent volume on h4/h1 TF 2) MA 50/200 cross p.s. purple line - upper macro downtrend border. Breakout on 01/14/20 on decent volume. short orange line - breakout correction level (8200-8000). Chances are high that we're going to test weekly resistance at 9500-9550. Thus, decided to long.
Bearish engulfing (H1). The same logic as in previous trade. TP1 - near weekly S/R. Will look closely at the price action around this level and decide what to do next.
Engulfing on H1 (see bars marked by yellow arrows).
My view of BNB/USD chart (mid-term scenario). Out of context of BTCUSD hybrid algotrading but I'd like to share it anyways :)
It's been a while since I've posted hybrid-trading stats (phase 1: 30 trades): - time period: 72 days - overall net profit: +6014 - winning/losing trades: 18/12 (6 of them closed near 0) - total runup: +11219 - total drawdown: -5205 I had to take a break due to considerable upgrade of Bipoon platform (devs said they released Neural Network module specifically...
Stats on previous 30 trades: - time period: 72 days - overall net profit: +6014 - winning/losing trades: 18/12 (6 of them closed near 0) - total runup: +11219 - total drawdown: -5205 Trade #31 1) Hydrogen generated SELL signal @9730. The trade was opened automatically by Bipoon bot. 2) TP1 - 9180 (we have to see how the price acts near previous...
Trade #30 1) Hydrogen generated SELL signal @10640. The trade was opened automatically by Bipoon bot. 2) TP - 9850, SL - 11070. All 3 algos are on SELL mode.
Trade #29 1) Hydrogen generated BUY signal @10481 (Lithium and Helium @10420). The trade was opened automatically by Bipoon bot. 2) TP - 11430, SL - 9670 All 3 algos are on BUY.
Trade #28 (Consolidation breakout. Good short setup with decent R/R = 2.4) 1) Hydrogen generated SELL signal @11356. The trade was opened automatically by Bipoon bot. 2) TP - 9530, SL - 12120. 2 out of 3 algos are on SELL mode.
Trade #27 1) Hydrogen generated SELL signal @11713. The trade was opened automatically by Bipoon bot. 2) TP - 10760, SL - 12280. All 3 algos are on SELL mode.
Trade #26 1) Lithium generated BUY signal @11771 (Hydrogen was the first one @11583 but was waiting for 2nd confirmation). The trade was opened automatically by Bipoon bot. 2) TP - 12950, SL - 11170 All 3 algos are on BUY.