Just some thoughts. There is a lot of confluence showing the 52000 level as being a significant resistance in the short and/or medium term. It is a point where 2 major fib levels meet, as well as historically significant resistance levels. I will be looking to take profits there on some current positions and potentially buy back in on a pullback, if one takes...
Haven Protocol (XHV) is currently in an uptrend continuation pattern with a high chance of another leg up. It has recently had a price surge, and is holding strong. On both the BTC and USD pairings, it has found support at the 0.382 and then increased to find support higher at the 0.236. Also, it has found higher highs and higher lows in the process, which...
YFII/BTC appears to be presenting a very good entry opportunity. In the shorter time frame, it is consolidating at the 0.236 on a leg up. Given that this is the second leg up, above some previous resistance levels. This is a continuation pattern and a bullish sign. On the daily time frame, we can see that it has been making higher highs and higher lows for over...
SNX is likely to see a pump here in my opinion. It has had a long sustained uptrend with higher highs and higher lows. It has been pretty volatile on this move, which is a good sign that more volatility is to come. What has me bullish on this specifically is that it is exhibiting the slingshot pattern near ATH resistance. What I mean by this is it had a sideways...
Here is a trade setup that has occurred many times recently. The profit is not always this immediate, but it can still lead to some very nice entries in a bull market. This setup is very specific, and requires many conditions to be met. Firstly, there is a markup in price. Then it moves sideways. This encourages longs to enter, as the price is increasing, and...
SUSHI/BTC is grinding down. This is a time to be ready for a nice fib scalp trade. If there is a panic down to the 0.786 there will likely be a bounce to the 0.618. The .786 also lines up with a nice historical resistance which will probably flip into support. A clean 15% move if the buy order hits and the trade works out.
Overall context: BNB has been making higher lows with a wick making a higher high. Every time the bears have driven down the price with relatively high volume, the price was fully recovered from with relatively moderate or high volume and *not* dumped back down immediately with high sell volume. This means the sellers are becoming less and less convicted....
ATOM on significant support, indicating that a high run up is a good probability. ATOM is a top coin (rank #26) that has not yet seen a run up. However, it is exhibiting a significant reversal pattern that many other coins have already shown are worth watching. It has broken below an ATL support and rebounded. This is historically a profitable setup if the coin...
I am following a similar strategy on DOT as on AVAX. We are looking to buy back in at significant FIB levels. The 0.000407 to 0.000408 level is a clear level of support. It is a breakout point of the last run up, it is the 0.382 on the fib level of the entire move, and it is the 0.5 level of the last uptrend several months ago. It was clearly traded off of back...
The market is definitely at a point where profits are being taken from altcoins that had significant runs. This is a time to look to buy back in on some good looking fib levels. Ethereum is currently performing very well, and Bitcoin is very likely to follow suit. This will further drive down the prices of such altcoins vs. BTC. We are still within a bull market,...
An altcoin market correction is a very possible scenario. BTC is in a short term downtrend with decreasing volume. This means there is a lot of indecision in this market and people are waiting to see what will happen. In the last BTC drop, the price of alts vs BTC did not change much. Since then, they have rallied. Most of them with significant gains, some with...
OCEAN has clearly begun forming higher highs and higher lows. This is not a definite sign of a reversal, but it is signalling an excellent opportunity for a low risk trade. Many coins are reversing, so it makes sense to enter trades like this for some decent medium or long term positions. The ideal buy price would be at previous resistance, which we are...
Monero is creating a clear and stable structure with many bullish signs. The panic drop from the delisting news is almost fully recovered from. Monero fans will not give a damn about this because the fundamentals are the same. You can still make anonymous transactions no matter what exchange it's traded on. In its current structure, it is consistently finding...
I am looking to build a position in EOS, looking for a large run up in alt season. At the moment, it is somewhat unclear and somewhat risky but showing some signs of reversal. The massive sell volume candle on the daily shows that there are buyers in the market, because it did not force the price below support, as shown in a recently posted chart. I would like to...
EOS has recently had a daily candle with most volume it has ever recorded in a day. It was on a sell candle, but it wasn't even a bearish engulfing candling, and it didn't even put EOS below support. This indicates a massive amount of buyers are in this market right now. It is too early to call a reversal, however we should definitely be looking for some more...
If ETH breaks its previous support, it could fall hard. It's a great time to put some buy orders staggered below its last base with increasing margin on each trade. Make sure to sell them on the way back up.
In the current structure, we are still seeing lower highs and lower lows, so by definition it is still in a downtrend. It has formed a minor trend line which it has been rejected from with decreasing volume each time. If it breaks from this minor trend line, it will have a major trend line to break as well. The easiest setup to look for is if it breaks through...
It has gone up 3X since its bottom, but is finding large amounts of stability with a stably increasing price. Within the last 2 weeks, buy volume has been significantly higher than sell volume without massive price swings. Since this is a new coin, it has very little historical resistance. There is nothing to stop it from mooning. I'm not saying it will, but...