mciche2

mciche2 Updated 

BCH/USDT is almost done forming a symmetrical triangle. Here is my breakdown assuming it breaks out to the top. Entry : After 4hr candle closes above top sloping line of symmetrical triangle with a significant increase in volume. Apprx $2,705 Stop Loss: After 4 hr candle closes below $2,240 This is just under the 61.8% Fib retracement level (38.2% as...

mciche2 Updated 

Looks like the handle part of the cup and handle pattern is forming on IOTA/BTC. Entry: Once 1hr candle closes above level of cup rim on increased volume Exit: Depth of cup projected from rim upwards, apprx. 0.000396 BTC Stop Loss: Apprx. bottom of handle: 0.00025 BTC

mciche2

**Not financial advice. Do your own research and use at your own risk*** Not an expert on this chart pattern, but this looks like its forming the handle part of a cup and handle. The "cup" is sloping and does not have a level rim, however I saw this same exact pattern on TRX/BTC a few days ago before it exploded. Makes me think that this is valid. Per what I've...

mciche2 Updated 

This is an update to the LTC/USD 4hr chart I posted about an hour ago. 4hrs seems like a long time in the crypto world, so I drew the trend line more conservatively and changed it to a 1hr chart. Hopefully this gives us a quicker/better buy signal. Enjoy!

mciche2 Updated 

Hi Everyone, it looks to me like LTC/USD is completing a falling wedge pattern after a large uptrend (bullish combination). This seems like a very good buy zone especially considering that the price has fallen down to, and is hovering, at the 61.8% golden fibonacci retracement ratio. I am a noob so don't trade solely on my advice!!!!! Buy: Once a 4hr candle...

mciche2 Updated 

Hi everyone, first idea post. I did a basic fibonacci retracement to determine the 50% and 61.8% pull back levels and set the stop loss to one fib level down (with cushion) , then did a fibonacci extension to determine targets. I set the first target to 88.6% and the second to 100% of fib extensions. Hoping for feedback from more experienced traders. Constructive...