If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). KNC is looking quite strong after a good push up and a bounce of the Pivot on the retracement, definitely worth keeping an eye on this. With a first target R1 at 21. And a stop under the Pivot with some room for wicks.
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). XRP has been making lower lows for an extended period of time. It tried to break the cloud on the 4H a couple of times before ( purple squares ) but got rejected. Third time is a charm I guess since now it did manage to break through the cloud and R1 on the...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). As I tend to get a lot of questions about this topic, most traders don’t seem to understand basic risk management in trading! From my experience capital protection and risk management are probably the most important part of any trader's skillset. So that is...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). TOMO has been consolidating since the last move up, yesterday some bullish continuation signs popped up and with volatility going down it could make a bigger move soon. In the two red circles, you can see the Lagging span (Purple line) bounced of the Kijun...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). Looks like there is more downside coming as on the 4 hour everything aligns in the Ichimoku system for more downside. 1. Price is under the cloud 2. The Cloud ahead is turning bearish. 3. The Tenkan ( Yellow Line ) is under the Kijun ( Dark Blue line ) 4....
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). LINK has been on everyone's radar lately and has had some positive fundamentals backing it up as well. It needed to consolidate and retrace after the big move up but now on the 4 hour as it was far from the cloud and this points to being overbought. And...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). BTC Dominance has broken down out the channel it played for the last couple of months as discussed in the previous two linked ideas I published on the subject. On the Daily chart it is still holding on S1 as support but in yesterday's weekend volatility it...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). BAT has just completed a full Elliot Wave pattern on the 4H, this in general means the end of a move (5 point wave), and as it's very far from the cloud it does seem quite overbought, this is confirmed by the RSI. Usually, this means it's time for a...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). Vechain has been on a wild ride in recent times and completed the first 4 parts of the Elliot wave. It's now-retracted and consolidating in a bullish flag/symmetrical triangle pattern. The Tenkan (Yellow Line) is above the Kijun (Dark Blue line) and the...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). BCH has been on a bearish trend lately. Now after testing S1 4 times ( circles ) it does seem like it found a bottom. And during those 4 bounces of the S1 the RSI has shown a stronger divergence on each test ( Purple rectangle ). It's still under the...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). MANA had been forming a symmetrical triangle in the last couple of weeks since it had the first push up. It now bounced off the Pivot and broke through the top of the Triangle and through R1. If it now finds support on top of the Triangle the trend is...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). As I said in my previous linked analysis of BTC Dominance it was trading at the bottom of the channel for an extended period and could go either way, but now it broke through the bottom of the channel and retested it as resistance once. If it can't break...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). MATIC experienced a nice breakout and now seems to be running out of steam a bit. The buyers are getting exhausted as the RSI shows it's overbought with a slight bearish divergence on the RSI as well. It's still bullish as these uptrends usually have...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). MDA/BTC has been forming a bull flag since the little push up it had. Supporting it now is the fact that the Kumo cloud is turning blue just about where the lagging span ( purple line ) will pop through the cloud. And since the Tenkan ( Yellow Line ) is...
If you like my ideas and the work I do, please check out the links in the signature and give me a like ;). USD/CHF has been bearish lately and had a small reversal on June 11 when it broke to the upside of a falling wedge pattern. Now it's forming a bit of a bullish flag/symmetrical pattern and although the general trend seems to be bearish, this pattern breaks...
NANO has been on a roll lately and has played out the 4 first parts of the Elliot wave, and following that theory there will be one more big push upward before a possible reversal. This is supported by it finding support on S1 and now breaking the pivot and the Kumo Cloud. Stop loss under the pivot and see what happens. If you like my ideas and the work I do,...
EOS is at S1 now and seems to be finding support. If it bounces from here, look for a test of the bottom of the cloud and then the pivot. Supported by a slight bullish divergence on the RSI and signs that it's oversold. The benefit of trading it through an M20 BitMEX derivative Contract is that you can use leverage and increase your risk/reward quite a bit,...
ADA/M20 did a retracement down, as I mentioned in my last published Idea which is linked below, and went through my take profit 1 on that idea but now found support on the Fib Support 1. It also has a bullish divergence on the RSI marked with the two purple squares. And marked in the green circle is a potential break of the Tenkan ( Yellow Line ) up through the...