Not sure exactly what's happening but whales have been stashing massive quantities of XRP. There was a fat liquidity grab @ .3 overnight for me so I accumulated a reasonable long position on XRP sl 0.29. Will see what happens from here.
Testing out some new concepts, I missed the FVG on the higher timeframes. There was a dip which was a good Fair Value gap fill and then there was a return into the consolidation area. Using DR/IDR concepts there is a high likelyhood that the daily bottom is 16660ish. NYSE isn't open so this is just an experiment, but because that's marked as daily low, and...
Although there is a lot of fear around ren with its links to alameda, I'm seeing a fairly bullish setup. 1.0 may shut down and 2.0 get released earlier but on the chart I see a good setup for movement long. Bitcoin looks short today so I risked it low and am willing to wait a few days for this to play out. 8:1 rr at the tp shown but it could go higher. SL shown....
Not sure how much weight it has but there is a gap fill. Consolidation seems to have completed and there is a breakout from a descending triangle. Volume is not particularly high. This doesn't look like a great setup but one for the watch list to find opportunities in. No position currently.
To the upside, may see a run up to 0.12ish. To the downside, potentially 0.55ish. I've got it hedged right now. Consolidation pretty much done - hoping for the upside as I took profit on my short already. GL!
I grabbed a short on ren on a failed breakout. It's looking ready for some bullish reversal but I think it needs a bit more downward movement first.
I have a short on LINA atm Entry: 0.00523 SL 0.00528 TP levels - not sure yet. I see some confluence of potential perspectives as a low that may not be reached (trend retest, local low) Will see what happens and if the breakout holds. Merry Christmar!
Ocean under .1666 looks short to me. It's been ranging in a liquidity void fill and I suspect will turn down a bit from here.
I am a little angry about this asset and want it to face plant but I can't help but see the momentum to the upside. Bull pennant printed with pole right into visible area of interest, and a huge gap fill. I don't know what's happening - devs own most of it - but it seems to be recovering well. Tomorrow is PCE so caution needed and I'm mostly holding shorts but...
I'm popping a really low risk short on lina to see if it holds the trend. The risk reward is really good on the short side, if it breaks up then can flip long without much loss - either direction this is a good entry.
Been trading ocean a fair bit. I see a pretty nice flag pattern so I'm holding my short open. Not a bad area to enter on the break down either - and I may DCA in short with previous profit taking on this trade if it plays out.
Post FOMC, the DXY seems to be getting stronger again. People seem less interested in inflation suddenly and more worried about growth collapse/recession. We had a nice little rally - the USD may not strengthen quite so much, but I do suspect the dollar will rise and markets will fall. Now we're seeing eg gold and silver printing a bit of an uptrend. Crypto is a...
5m shows broadening upward formation for channel scalp down Some longer tf areas of interest shown in channel.
I'm re-accumulating short positions at 16.8 and piling on more on any jumps up. Breaking back into the old trend line will be fatal and will likely be well defended. I expect a lot more volatility than anything so you can honestly trade this either direction and be able to make bank as long as you're patient. Broadening formations continue - the market has no...
Noting ocean has lean volatility, but not yet a lean market. I suspect this asset will see some movement after some more consolidation. Could be soon, could be later, but I've got this in my watch list. Markets are pretty bearish - finally growth collapse is the topic of the day, not inflation. But this is in the AI field. I'm feeling long up to .34ish after...
I closed a btc short I had just intended to hold as I think we might see a gap fill. I watched btc cut under support today, and then reclaim it, so I'm personally staying away from BTC until there is some clarity post FOMC. Markets are likely going to be bearish, but liquidity voids are magnets. I'll re-short it up there. Will be less stressfull than the short I...
Got an alert from a volatility contraction on BNX and observe a broadening ascending wedge that looks like it's ready for some action. I'll watch it and manage risk but this is looking short at the moment. Rough day to trade - some some friends giving back profit but I clocked some big gains so doing some degen gambling here. Keep it tight, risk down to 0 asap -...
I missed posting this but I popped a near short @ 1.6120 SL 1.615 (tight!) Taking profit down towards 1.58 and then will leave 33% of it to see what happens from there. No recommendation to enter or not - not sure what will happen if you try to trade it - but posting that I sighted a downward move I caught that may be of interest.