On Sept 19, 2019 BTC dominance (BTC.D) fell hard from 71.30 until it reached demand at 62. If price approaches 71.30 it will be a good time for me to convert some of my btc to alts, anticipating a move down in dominance.
At the time of this writing $LINK has a market cap just over $1.6 billion. Price is hovering around $4.40. I've identified a demand zone on the LINK/USD daily at $1.22. Price may never make it to this level again but if it does it will be a low-risk buying opportunity. Notice how price shot out of the yellow-shaded area which tells me demand exceeded supply in...
Notice the yellow-shaded area on the 4-hour chart where the supply and demand of BTC/USD was in balance for a short period of time. Then rallied from the $7,200 level and hasn't returned since then. There seems to be a good amount of unfilled buy orders (demand) around $7,200. Buy: $7,200 Stop Loss: $7,030
Price screamed away from the $168 level which tells me there could be a lot of un-filled buy orders at that level (demand). Price has yet to approach this level again and when it does I will trigger a buy order. My take-profit will be at least 3 times my stop-loss (red line).
I'm looking to sell LTC/USD just below $58 and my stop loss just above $59.43. The last time price was at this fresh supply level was around March 8th.
CEL is overbought. In march it was 6 cents and last week it hit the all-time high of $0.34. I can see a lot of demand between $0.095 to $0.125. I'm taking this trade because of the following: - 0.125 is a fresh level - demand exceeded supply in a big way
I'm looking for low-risk buy where demand has exceeded supply in a big way in an uptrend. We have a fresh level at $64. Notice how price jumps out of this level to around $70. I have my stop loss at around $62.50 which is risking $1.50. My target is about 3x or more than my stop-loss.
EOS/ETH is approaching a price level for the first time in over two years. The yellow shaded area in march/april 2018 represents the imbalance of supply and demand because demand exceeded supply in a big way - price rose from 0.008 all the way to the high of 0.034. The chart tells me there are more buy orders than sell orders at that price level. My low-risk...