NEM is well priced and I am banking on this coin appreciating. Price may come back to the 50% retracement level before moving higher. I can't buy it here - no man's land. Price will need to break resistance and retest it or move lower and react. The profit potential is healthy.
Resistance has been broken and price has retested the role reversal. A simple trade. Price may retest lower before it moves higher.
Monero is a core holding of mine. I wish to add to my position for the long term. My BiAS is LONG. MCO is currently in no-man's land. I can not begin to tell you how many trades I've taken that were in this realm. All bad. There's nothing to do yet. I've set my alarm at 20.23. I will wait for price to break up on the daily and close the candle above the...
I am very bullish on this coin and I have build a good position on NEO. I am in very early on NEO$34.35 so I will wait and see what happens. Price has precisely reacted to the overlapping profit targets of the last move 200% & the corrective wave extension fib 3.618% (see middle fib). Profit take will occur. This pair retests areas of support and resistance -...
ETC/USD is way undervalued. We haven't seen price move on this cross for a while. Price surged high and then consolidated - this is the three step pattern that is common in most other charts. Rise- consoldation- rise. The long term resistance has been broken. Time to trade.Price has made a clear break after retesting the previous resistance now support (role...
One would imagine that the price of BTC would be increasing as many more traders join the party. It's very expensive and many will find BTC overpriced. My BIAS is still long. All things traded move in waves - step up then sideways then step up then we wait and see as we may end up all the way back down or continue on up. We managed to retrace then correct and...
I have followed two people on Trading view Goldbug1 and Alan Masters- both have cult status. They have different styles of trading but they are a wealth of great information and are a large part of my success. Alan posted a tech chart on GAS and it made me a little more curious. I took the trade as a speculative day trade - however when I anaylsed the chart again...
Bitcoin Cash apparently, is Satashi Nakomoto vision for Bitcoin. I have included this in my portfolio and bought in over the past 8 months.I am bullish on this coin until Price action signals otherwise. Price has respected both the resistance and support trendlines. The correction occurred from the move fib from 8-9 Dec to 15-16 Dec where at the 3.618 extension...
Traders like support or resistance to be tested 3 times before they take a shot. Price has tested support for a 3rd time and this pair looks like its gaining momentum. Bulls are coming to the fore to take price up. When I look at this chart it seems the ascent has only just begun and we have along way to go. LTC is a good long-term hold and I believe has lots of...
Decreed is a slow mover. Price has broken a downward resistance trendline and has made a HH than the previous. There fore my bias is now bullish on this coin until price action tells me it's not. Buy on the retest of the red resistance line 0.006627 (ish) on a lower time frame and take 1/2 off the table at the first target. Then hold till the 2nd target its...
When I plan I look at all the swings, move swings and minor swings. The idea is to try and work out where the majority of the Bulls or Bears will be. BCC has ATH 4198 (depending on your exchange). Price has fibbed (reacted) from the 618 of the entire move = 2720 The hourly chart tells me that BCC is now bullish and a trade could be taken from here. Price will go...
BTC USDT+ I've planned every possible scenario of how this pair will play out. I am prepared for a HH then the ATH and a retracement to 10850ish. Whatever happens first I will either sell and wait then reload or just hold. I am thinking that BTC will make another high before making a deeper retracement - this will shake out the people that have the fear of missing...
I'm watching BTC carefully to see where the Bulls are hiding limit orders. I have identified several levels of where price will stablise retrace then price action of a Higher low and a higher high occurs on an hourly time frame. Using the 4hr chart I have drawn a fib of price action from a previous swing low and another from a more recent swing low. Now I can see...
We can really never predict what will happen we can only have a strategy or plan in place to respond if our plan works out. BTC fell exactly at a critical Fib ext level of the swing from the high 11th July (7846 ) to the Swing low of 12 Sept (5428). Price unravelled from this retracement of 100% & 50% of the previous swing from 2927 to (7846) - bulls were...
There's nothing worse than the fear of missing out to kill your confidence and account as a successful trader. You need to wait. Price always returns to the scene of the crime. This plans shows how Price has reached the 161.8 % price extension and price faltered as the bulls took profit. More often than not once price rises exponentially it will fall faster - I'm...
The weekly chart looks bullish. The orange lines indicate resistance and we will see a reaction at each of these levels. Good levels to build a position or take profit depending on your view. I like this coin as it has good market penetration and a strong competitor against my core holdings - Dash, BCC, LTC, BTC & OMG.
Price could take one more notch down before it heads up. It hasn't reached the 161.8 of the major swing high and swing low. We could see this coin head higher as the development team are close to launching their product.
If we look at the previous retracements or corrective swings on BTC we can see some cycles. The last correction took just the days to decline 40%. If price falls from here (35-36 bar cycle) and if you measure the previous move it took 61-62 day. We are at the turning point today. We can see the previous correction took a little longer and corrected 40%. Therefore...