Yesterday was a really good day, people saw the market was green and everyone was quick to call the next bullrun... Why do you guys never learn? In a downtrend we will have the occasional bounce upwards, just like an uptrend will have the occasional drop. Taking a look at the trend lines we can see that the previous trends have been broken and we're now left with...
Things were looking bullish for BTC the last couple of days and I actually thought we would break the downtrend, but it seems like we were denied pretty hard. Looking at alt coins we can clearly see people are still kinda uncertain on what to do. While some coins have went up, the majority of alts are going sideways or dropping. If we take a look at the daily...
Walton is currently resting at support levels, which makes this a great buy opportunity with great profit potential. If you can handle holding for a couple of weeks, we could potentially see a 100% increase in price if we follow the fibs like we did last time. If you hold for a couple of days we will most likely see 20% or more. Stop loss about 10% from...
This is a textbook example of a bearish flag, a sharp drop in price followed by a bounce upwards. On top of that, we still have not broken the down trend ever since we started to drop in December. As you can see we have two trend lines to break to even think of becoming bullish again. I keep reading bullish charts and people screaming it's over.. Come on people,...
Everyones favorite, BNB, has formed a bull flag on the daily chart. Indicators are looking promising. I'll just ditch the wall of text and let the chart do all the talking. Entry: Enter around the green line (support). Targets: 1) 0.0014568 2) 0.0016935 3) 0.0027086 Stop loss : We shouldn't have to risk more than 5% on this trade if we buy at the green...
This is a coin I've been looking at for a while now. 0x (ZRX) is a really interesting project, taken from their website "0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain.". In other words, it's not one of those vaporcoins that really don't have any purpose but to generate money to the creators. This is a...
LENDBTC is looking really promising on the dailyright now. At the apex of a big symmetrical triangle , stoch pointing upwards and MACD will do a golden cross in a day or so. On the 4H we are flattened out on the MACD and support seems to hold there as well. The best part about LEND is that we can have several targets, short term and a little bit longer. Trading...
Cardano is forming a big bull flag on the daily chart. I expected it to break out sooner but I guess Bitcoin is slowing things down. It's been holding steady support at around 5150 area for many days now, we've reached the apex of the triangle, meaning it's decision time. Indicators show that we're in the oversold zone (we've been there for several days), so in...
I see all kinds of charts being posted right now, I thought I would contribute with my own speculation. This not meant to be one of those overly bullish posts, neither is it an attempt to be bearish . It's purely an observation. I'm not gonna go around make the worlds most advanced chart, because I don't believe it's necessary. By looking at the daily chart we...
NEO has been following the trend line nicely on the daily. Now it looks like we're coming down to test the trend line again, why? Bearish candles, all of the indicators pointing down, it's a good sign we will go down a bit more. I'd say wait for about 3 days, don't just buy when we touch the trend line but rather wait til we get a bullish confirmation candle....
"Can't wait to get out of this bear market!"
ETHBTC had a good run this December but has finally hit resistance (or ist just due to the BTC dump yesterday? ;)), at least what looks like resistance. Looking at the Stoch RSI we are way overbought and on the way down again. We do however have multiple support lines to catch us, meaning we don't necessarily need to go all the way back down to the trend support....
ARNBTC on Binance is forming a large bullpennant or symmetrical triangle if you want to call it that. What's even better that inside this triangle, an ascending triangle is forming. When BTC dropped last week all alt coins except ARN went down, it actually pumped while everything tanked. Since ARN has been quiet, probably waiting to surprise us all again. Right...
I don't like TRX as a coin, but for trading it's great. Right now it's forming a large symmetrical triangle with a trend resistance line stretching several days back. If we breakout we have the possibility of getting solid gains in return. Try to buy as close as possible to the lower support, set a stop loss of 5-10% and see where it takes you. The higher the...
So what is going on with Bitcoin at the moment? People are still freaking out because the price is dropping, yet we're still up so much this year. You can't expect BTC to rise indefinitely do you? It's good we get a correction so we can continue our steep climb. What people seem to forget that the more price action we get upwards, the bigger fluctuations we get....
Forming a large symmetrical triangle with potential for big gains. I would wait and see if the price can come to support levels, the 15M indicates the price is ovebought so in theory we should come down just a little bit. On the other hand, the 1H shows we're oversold already, but we might jus have some time before the a new 1H candle opens to touch support. We...
BCPT forming a symmetrical triangle with support stretching two days back. Three options: 1. Buy it now and have a higher stop loss (around 6-8%). 2. Wait for it to come close to support. <<<< What I will do 3. Wait for breakout and buy then. Trade is straight forward, take profit at targets and move your stop loss up as price goes up to ensure at least some profits.
XVG had a good run a couple of weeks ago, is it time for another run? Support and resistance lines have been followed very well by XVG, stretching as far back as 21 December for support. Right now it's making a symmetrical triangle inside a bigger one, MACD looks ready to go and STOCH is showing oversold. It could potentially drop down to the support line, but I...