Long at $8350, target $8800
Stoploss at 8100
Ichimoku cloud:
⁃ Strong support is ongoing on Senkou A line
⁃ Minute descending triangle ongoing since 9/5,
⁃ Price is above the Chikou line - Position for long
⁃Upward channel is ongoing at lower bottom of the fibonacci channel line
RSI - 50 : position undecided, lining with tight/strong volume on both sides
At...
Position Short at 8200~8250
Stop loss at 8400
Reasons:
O Channel down pattern, current falling after hit by huge resistance at 8500
O Volume decreasing and almost dying since September 25th
O RSI rising by touching support, but currently decreasing towards the support
O Appears to face support at 7800 zone
Position Long at 0.2680 ~ 0.2700
Stop loss: 0.2600
Reasons:
O Descending triangle pattern ongoing since Sept 19
O RSI currently at borderline 30, if broken may experience further selling pressure
O 0.2600 is an extremely durable support line
O Temporary increasing trend has not been broken since Sept 19
Position Long at 0.2880 ~ 0.2930
Stop loss: 0.2800
Reasons:
O RSI shows a clear breakout from the short term descending triangle
O Decreasing volume from the start of the descending triangle indicating an increase in the next few days
O Currently at the neckline of the descending triangle, ready to surge up
O Next Fibonacci short term line at 0.29678, 0.3040,...
Position Long at 9900~10000
Stop loss at 9500
Reasons:
O RSI at 30 in hourly candle (overbought)
O Bull Flag formation with temporary bottom found at 9950 ~ 10000
O RSI also forming a bull flag, ready to spike up
O Large amount of volume accumulated at the 9700 ~ 9900 zone
O Neckline formed if the 10100 line is broken with enough volume
O Next...
Position Long at 9500 ~ 9700 zone
Stop loss at 9200
Reasons:
O RSI at overbought section (19) for daily candle
O RSI at heading to the bottom line of the descending triangle for the weekly candle
O Expect similar fractal pattern (orange pattern) as one to late July and Late August (Repetition going on for current situation)
O Strong support held at...
Position Long at 1480 ~ 1500
Reasons:
O Strong support at 1481 (Fibonacci zone)
O Increase in the price of oil, leading to movement of money for safe assets or other commodities
O Huge breakout after the symmetrical triangle formed between 2013 and 2019
O Formation of cup and handle for the next five years
O Elliot Wave Analysis of a,b,c,d,e
Position Long at 0.3000 ~ 0.3050 (Buy after pull back)
Stop loss at 0.2870
Reasons:
O Reverse head and shoulder pattern
O RSI at Overbought section (70), need for minor adjustment
O Trend Reversal after strong support made at 0.2500 zone with volume spike (Strong accumulation)
O Buy after pullback in 0.2965 ~ 0.2985
O Strong support/resistance at...
Position: Short at 71% Dominance
Reason:
O RSI BREAKOUT at bearish pennant pattern
O Head and Shoulder pattern ongoing, likely to pull back until 71 ~ 72 and fall
O Long term trend since 2018 still in rising trend
O Fibonacci retrace seems to be at 66 ~ 67 and 60 ~ 61 zone
O ALT SEASON is here SOON, accumulate your alts
If you have any other thoughts or...
Position: Long at 0.2710 ~ 0.2730 (Stop loss: 0.2630)
Reason:
O Strong breakout after Bull flag formation at 0.258 ~ 0.263 zone
O RSI at neckline after breakout from the descending triangle
O Volume spike up, indicating further increase
O Easy resistance at 0.27725 0.29339 0.30326, Strong resistance at 0.30548 (Calculated by Fibonacci retrace)
...
*New account made from Seungho_Choi
Position: Long at 0.2580 ~ 0.2600 (Stop loss: 0.2540)
Reason:
Bull Flag Pattern formation
RSI at neckline after breakout from the descending triangle
Volume spike up then decrease, Ready for shootout
Very strong resistance at 0.26590 (fourth attempt, high possibility of breakout)
Decrease in the BTC dominance (follow up by...
