I buy silver, not much to be honest. A few ounces here and there. But, I prefer crypto which is why I am taking the chance to sell some silver now. I think it is better invested in some quality DeFi projects. I want to add to Alpha & Rune positions. The chart: Silver has been in an uptrend since March 2020. Culminating in an ascending triangle pattern. It looks...
BTC/USD 1D Coinbase. Fibonacci retracement, one of my favourite tools in the chartists box. I have used the Fib retracement twice on this chart in an effort to confirm one with the other.. The positions I have chosen are indicated by the price points in white to the far right on the price scale. We see an impulse to the downside and I am preparing myself for...
KSM/USDT 8H. Nice accumulation zone which may develop into some strong impulse candles to the upside. Good support + Fibonacci. If 'Trend Line A' holds this will further confirm the bullish ascending channel. I hold $KSM & looking to add more. Targets at $324 & $370.
As above so below. I have put the hourly price action neatly into a descending channel. I have seen this interpreted as a falling wedge as well. But, I am looking at wicks too. They often get confirmed insofar as they can broadcast potential channel development. I have an alarm set on trend line A. If this breaks with a nice impulse candle then the upper CME gap...
Looking at the legacy trendline retouch possibility detailed in my BTC chart dated 12th August..It may touch or may even break through and wick to a small area that to date remains untested, this easily overlooked area is marked with the small rectangular box. I have a somewhat cheeky order for BTC there in the event we have a fast wick situation. This, if it...
BTCUSD 4H. I think a retest of the long term trendline recently broken and the filling of the CME gap would 'kill two birds' with one stone. I also believe we will engage further bullish upwards momentum within the channel picked out with the blue trend lines the base of which is marked 'A'. If BTC follows this path it will for me look to be a far stronger overall...
Broken trend line and (may) be heading to the downside to retest the $10.00 zone correspondent to Fibonacci retrace zone.
LINKUSD 4H. Is it reasonable to posit that the big short attempt from Zeus capital may of been a tempting money spinner for exchanges & others to push the price of LINK up and liquidate Zeus? Whatever the case may be, LINK has slowly lost value, but how much further can it go down? I think to around $10.00. How much can it go up...If it can double top then it...
BTCUSD 1H. Watching & Waiting. I see BTC is currently in a descending channel and rejecting the level in the 'blue box' on it's journey back up after the sell off. In the process of this rejection I think we have created a bearish flag. I currently believe more downside is a greater probability than upside.
DrREPBTC. Moving nicely. Looking for a bigger break to the upside soon.
LINKUSD. Neutral for now but I err on the bearish side. Failing to break the descending trend line will for me signal an unraveling of the LINK price. I see it being around $10.00 at some point in the medium term. I bought LINK at $1:60 so I am not allowing my heart to rule my trading head here. It's explosive growth does not match the project development and use...
ARKBTC 4H. Looking for a break out from the descending trend line to the upside. Needs to confirm. On my trade shortlist.
BEAMBTC 1D. Requested Chart. BEAM is in a no trade zone. Support at 426 appears strong. We need to see BEAM break out from Trend Line 'A' to trade a long position.
XTZUSDT 1D. Within an ascending channel which in itself is bullish. That said I am expecting a retest of recent support and will be particularly interested in any activity around the trend line marked 'A'. On the hourly I see it being more bearish than bullish. We had a bear flag break to the downside. From a Fibonacci standpoint 0.5 (which is not in fact a...
SIABTC 1D. 45 Billion coins. Decentralized cloud storage. Above the 200EMA and steadily working its way up the ascending channel. Double topped recently and both times rejected convincingly. Some targets noted & expected to be achieved in the mid term. Strong support represented with rectangular box.
ETHUSD 15M. I like to zoom in from time to time. On the 15M we are forming a descending wedge to the ascending trend line which forms part of the ascending triangle. I am watching to see if this breaks out from the falling wedge here to the upside. Some reasonable support to be found too. Looking bullish but I am as often the case waiting for confirmation.
Trade has worked well. I'm out now and shall watch how this corrects and rejoin.
BATBTC 1H. Breaking out the symmetrical triangle. Could be some good upside here. Check the targets out. Like a bat out of hell!