We bounced off our trend line and have made our move up. I am realizing profits, but this has the potential to continue to climb. This looks like a full on reversal may occur. Our group is currently formulating new plans for moves this week!
Here's my 4-hour Ethereum chart. With Crossovers on the TSI and MACD about to diverge, BTC looking very strong and a ton of support underneath us, we could easily break the micro resistance levels we have ahead of us. Support and resistance noted with red and green boxes. Macro fib extension from trough to peak of price history. What're your thoughts?
As my strategy has played out at this level I'm doubling my position. I talked about this earlier in my group and my second limit order has filled at this level. A potential double bottom could be forming. We're watching vigilantly.
This was an unreal pump and needed to retrace. I just checked and my limit order hit.
Thank you to @MrX22 for pointing this out! We will be watching this to see if it forms completely! Potential reversal ahead? What're your thoughts?
Will it hold and for how long? Do you think we'll hold 1,300 USD? 12 and 25% reversals have happened from these levels.
We are currently interacting with a macro fib level. This is an area of support that is much greater than the greatest of support levels. You could also say this is our previously broken trend line giving us support for the reversal we could potential make at this point.
I have doubled up on my Ethereum position. I misjudged price action, I think due to the merge and switch to proof of stake, but this asset didn't do what I thought it would in any way. we're at a monthly low of momentum on the 12-hour chart as well, I believe this is where I should have originally entered. I still expect a retest of the macro trend line.
XRP has reached its macro trend line and I believe will be rejected. This could be a HUGE move downward, as we don't have the momentum to break over this massive area of resistance. This trade is cross-margined and has extra collateral backing it.
I am closing this to reposition my stable coin assets. I may re-enter a BTC position after the next pullback. There is still room for an upside to this trade for a longer hold.
Definitely room for an upside move. I realized my profits early. Open and closed under 24 hours. Cryptocurrencies macro market could potentially reverse to the upside from here.
I am closing this trade early and realizing profits. There is a lot of room to move up on this trade. Just playing this safe move save though.
This was an incredible pull. Momentum ripped up right after we entered. Open and closed in less than 24 hours.
Ethereum has entered a channel and I am adding this to my positions. We are in a major support area and the macro environment is starting to bottom as well. I may add onto this position as the day goes on. I believe we will retest the 50-day EMA. This may be a scalp trade.
Momentum downward has halted and I believe FTM is about to pullback and retest the red level of resistance. The CM Williams Vix Fix Find Market Bottoms is signaling a huge floor on the 1-h and 4-h charts. I believe we will retest and try to breakout of the macro trend line I note with a yellow line. We may finally breakout of this trend...
No position was opened. If so, a pullback for its next move up is required. Crypto could be making its next move up. Correlations in TOTAL and the DXY are very noticeable right now. A slight pull back could mean cryptos next leg up.
A morning star pattern has shown up on the 4-hour chart. A massive floor from the CM Williams Vix Fix Find Market Bottoms. We're also at a major area of support. Momentum downward has halted and it looks like we're about to retest our 50 and 200-day EMA lines.
A floor is forming on the 4-hour and as a intraday trader I'm very interested in the next 4-12 hours. We're also in a major area of support for the TOTAL. I believe we will at least retest the 50-day EMA.