Im starting to see a really nice V bottom and an Inverse H&S building on AION at the moment, this swing imo is done so we should see a retracement here to build the right shoulder. Looking at that right shoulder for an entry here, around 300-320. will just walk the stops up as we come up to that neck line which to me looks like a supply zone thats already...
ICX been a good earner for us over the last few months and after the last week or so we started to get some solid bullish moves that have been very profitable for us. We wanted to give ICX some time to bleed and settle down and hopefully hold onto a level of support where it was which it seems to have done. We slowly consolidated and worked our way into a nice...
Hit and miss with some lower cap alts but some still have promising futures and i like to keep an "eye on" them. AION current in a large descending wedge and looking for potential break outs to kick off a new mid/long term trend. Cant see price getting past that area in a hurry it is imo a quality supply zone so that would be my target if this guy signals a buy...
ADX has a low supply and often pumps with a slight volume increase. Currently the daily volume is rising and we have already seen a couple of very volatile pumps, i can see a few lines of trend being respected and currently price sitting on a level of demand but has already been it a few times, there is a chance we will fall to the next demand zone but hoping it...
ETH just like most other alts following BTC movements have had a harsh sell off at that last high, however Ethereum seem to have move of a slow bleed off from the consolidation rather than a small bear flag which was interesting. again the daily has printed a bullish engulfing which was the main turn point from the 618 on the overall uptrend....HOWEVER.... IMO it...
We took an entry off this support the other day, although still in a down trend we are optimistic of this retrace turning into a mid term reversal. I can see a short term supply zone here between the 50-618 retracement from that last drop so imo thats going to be the area of interest to break, if we get indication that we cant push through we will drop our order...
ICX has been good to us lately how ever we dropped our trade at that level of resistance there at 750 a week ago with the intentions of buying back on a descent retrace. It didn't drop far or have any major reaction to the BTC dip the other day and bounced off the 38 already and is already testing those highs again. We may have to run 2 different strategies here...
Skycoin has been delivering the goods to myself and our members for weeks now as it seems to be stuck in this descent ranged channel. Not a whole heap of TA to base our trades off apart from obviously a level of support and resistance that sky is struggling the bust. Its quite simple really we just ladder buys with in the demand range and ladder our sells in the...
Some interesting daily candles over the last week has had me changing my trading strategy a number of times now. At first i was expecting a descent retrace from that 4200-4400 area that would potentially kickstart a new down trend, but what we saw was a very harsh sell off which through what i was seeing out the window to some degree. Over the next few daily...
- A relentless push to the upside, from a near perfect tweezer bottom - At a critical level of Supply now, indicators are near topped out also - RSI at 73 and the MACD histogram starting to dwindle, it would seem a reversal, or even a significant enough pullback is due - Swing low to high reveals our Fibonacci Retracement levels for possible moves in price.
Dash has had a good steady increase in volume on the daily and after the last push its had a nice healthy retrace forming a descending wedge and respecting the fib levels with a nice bounce off the 50% and now holding onto the 38% have entered here between the 38 and 50 but have laddered buys down to the 618 incase we get a lucky dip or this wedge takes a little...
the markets printed us a nice big bullish engulfing on the daily almost hitting our final target for this 3 wave push of 4200. still not over yet so we may get there over the next day or so, how ever our algo is spitting out some take profits now. depending where you draw your fibs from the 38 could be a solid rejection around 4400 which lines up with a strong...
- Currently sitting on the 38 Fibonacci Retracement - Taken from the swing low - high - We're waiting for market direction on this derivative to determine market direction on the Major FX Pairs - This current level has been defended quite well, with the last few candles closing above - It's high risk at the moment to be trading Majors on higher timeframes, with...
ENJ has kind of just overshot the first retracement for this Gartley to play out but crypto being crypto often over shoots fib targets with there low supply and market caps. Gonna keep an eye on this thing and see if we trend down the D leg for an entry around 660 or so. Shooting for the 38-50% retracment off the D leg for 20-25% if targets hit ill be moving stop...
After our previous trade played out perfectly we where looking for a new entry back into BTC, yesterday on the 4hr we where building a rising wedge so we switched out our strategy waiting for a break up close above to re-enter for a push to the next target around 4200, we did get a spike up but was instantly hit back down again, most likely a stop hunt to clear...
EOS has hit out targets to jump back into the market, the cci showing a nice steady reversal but volume still dropping which isnt the best sign so we will be keeping a close eye on this trade incase it takes a turn for the worse. Expecting a small down trend on BTC means alts will most likely following suit so not expecting this to 100% take off from our entry...
We where keeping an eye on ICX over the last week with some healthy trades in this range which started to tighten up last night. A small entry off the bottom of this range and we have now broken out of the pannent. We are finding resistance here at the top of the range which was expected but hoping to see price hold about the down trend line. if so we will stay in...
ONT smashing down doors, hit the 1.168 extension from the original push lining up with the 100% on the trend based fib extension, which means this leg has been of equal length of the original leg, next target being the 1.272. There we should find a reversal pattern and be looking at the .786 on the trend based fib for a re-entry to catch the last leg up to the...