EUR/USD is trying to reclaim 50% of the 2002 - 2016 move. The price has recently broken a strong trendline from 2009 with 3 more touchpoints before breaking. A break of 1.24 would indicate confirmation of a huge W in price with a target of 1.50 of the formation. It would also add confluence to the trendline break and price support for the EUR. Considering...
If LTC pumps, it doesn't mess around. Signal to go long is the trendline break, followed by bullish structure for extra confidence.
Good market structure with a weekly W forming. Breaking resistance and flipping it to support would be very bullish
This is an Andrew's pitchfork. It's a quick and easy way for traders to identify possible levels of support and resistance.
Nearly two years of accumulation and a breakout presents a very favourable outlook. The recent market structure has been tested and showed support. When viewed on a higher timeframe this $310 - $330 range can be viewed as monthly support going back to 2017. The macro-environment in crypto is very bullish. Will take a long if $366 looks like it's going to hold....
This is an analysis of the big moves up during the last bitcoin bubble. The purpose of this is to try and avoid taking any big positions unless there is a 30-40% pullback before building a postion.
Chart says it all. Target is to sell half on a double.
Things I'd like to see before taking a position. Price action structure OBV breakout Bullish volume
LTC halvening study. Previous halvening replicated as possible path forward. Expect a halvening pump, LTC currently out performing BTC. Will be 50% out if we reach 0.035 Will start to reduce exposure in July if targets aren't hit, depending on action at the time.
Entry price is horizontal support and bottom of possible wedge. Stop loss below $8900. Target is higher time frame horizontal resistance to compete an adam and eve.
The fundamentals keep getting worse and worse but... 1. Falling wedge 2. MACD Div
Trade could be taken on break of the resistance or if a retest happens after the break.
The dip to $6k and rapid rebound in price is meeting strong resistance above $11,000. Futures markets have seen negative premium confirming profit taking and a bearish sentiment. A few days of sideways consolidation with a potential Adam and Eve bottom is one potential future. Will probably scale into a position between $8k-$9.1k.