we were too quick to move stop loss to our entry last time and got stopped out. This time have we Triple confirmation, EMA's crossed bullish and we have RSI / MACD indicators supporting further upward movement
I am going long here. We have a reversal candle on the daily, but no other confirmations. Risk reward is good, but this is a high risk trade, as we dont have the confirmations on our side. Capital management(low position size) is strongly recommended.
Hi friends, in our last update at 8200 I mentioned that price would likely rise via bull trap into 8600, and not to fall for the bait. Price ended up going perfectly to 8600, before reversing back down. It has taken out the critical diagonal support at 7800 and is at 7600 as we speak. At the moment we are oversold and will likely see another small bump up to...
Since our last post and where we closed our last trade at 9700 BTC has continued to perform to the downside. This was predictable and expected. I am providing a new analysis as its been a while since i talked to my followers. Nothing has changed in the mid term and we await a likely test to the bottom of the triangle. Previously it took 32 days to complete the...
Just throwing this out there. Not a trade just a possibility thats valid according to Elliot Waves. If we do break the local high then this a a valid roadmap to follow
Now that a short term top has formed we can see that once again it was a lower high as expected. With the previous Higher low this places us in yet another Asymmetrical triangle. Most likely scenario we bounce around in here for a while. Big positions are suspended until a clear breakout occurs. We still have plenty of room to move lower, and we have confirmation...
Bulls found support. Same support line right in same spot of previous asymmetrical triangle. Previously breakout occurred. Lets monitor, im playing a small stop by incase history repeats itself. Very Conservative position size is recommended. MACD and Stoch RSI confirm further upside movement. EMA allows opening of trade. Stop Buy Entry 9,520 Target 11,000 SL...
This chart is taking a look at all the possible directions BTC can take short and mid term. We are sitting on a bear fractal on the daily with the 200 SMA above us. However on the bull side we have built quite a number of weak supports which act in the bulls favor. On top of the sideways support we have the 50 and 300 SMA. We have a higher high if you count the 4...
Triple confirmation T1 .00238 T2 .00255 T3 .00273 SL .00204 R/R 2.06
T1 .00234 T2 .00314 T3 .00376 SL .00205 R/R 5.09
please refer to the green lines as targets and sl as red line. If you have any questions let me know
Since missing our previous entry by $30, BTC has completed an bullish higher High structure which has been confirmed on the 4hr and daily. This bullish structure is paving the way to a likely higher low. I've activated a small long position at 8,666. I will look to add more in the area between 8,400 and 7,600 which is the likely support area, at the signs of a...
ETH has been struggling for such a long time it is one of the few coins that has not completed a higher high on the 4hr and 1D. It does however have the EMA cross on the Daily and 4hr showing its bullish intention and EMAs are the primary signals i use to trade. As part of this pull back I've activated a small long position at 586. I will look to add more as the...
Entered small position here. Targets are on side in green, SL in red. Bullish cross and higher low likely.