mgibson91

mgibson91

Both daily and 4H time frames are showing: Reaching up to long term S & R Bearish divergence Looks like a high risk reward short entry position. Shown short setup is a possibility of how this could be traded

mgibson91

Chart shows limit entry just below 0.854. Could also enter based on price action

mgibson91

Notes are on the chart. Looks quite a lot of confluence to roll over not forgetting about Covid-19. Big number of 200, multiple drives up already, bearish divergence across time frames, touched outside top bollinger band for the second time, touched top trend line for third time. Personally, I have scaled in and will be scaling out of this trade. However, this...

mgibson91

Looks to me like we are in a normal flag after a large bullish impulse wave and are testing the bottom of the flag for the last time. - Price has been flagging after big bullish impulse wave - Price is at a previous horizontal support level - Price is retesting downward support line and has just achieved a 4H bullish pin bar right on the support line with a...

mgibson91 Updated 

A possible aggressive long entry due to Fib level and MA confluence within pennant. These may (as well as the preceding bullish impulse) allow a peaceful long entry before a bullish breakout to next Fib level

mgibson91

Looks like a high reward, low risk area to be considering a mid-long term long position in LTC / BTC or other cryptos in general. Personal preference is IOTA due very strong fundamentals

mgibson91 Updated 

My current thoughts and trade plan on BTCUSD (Bitfinex). All feedback welcome! A small short opportunity may be upcoming, as BTC is about to reach a level that is: - Long term 0.236 Fibonacci extension level - Short term 0.618 Fibonacci retracement level - 200 MA (close) - Previous support (now resistance?) BTCUSD (Bitfinex) is about to reach a potential...

mgibson91

The goal here is to track events leading up a possible trade, not an immediate entry. Some bullish thoughts: Major daily support level Likely bullish divergence on 4H chance (pending next candle close) BTC shorts around ATH BTC shorts looking like a possible double top 2 times Fibonacci extension from a recent swing low -> high At lower Bollinger...

mgibson91 Updated 

All on chart, thinking entry on 1H candle close above resistance

mgibson91 Updated 

Entry on retest of broken resistance line

mgibson91 Updated 

A potential opportunity incoming, will be keeping an eye for a reversal and potential entry i.e. double bottom on trend line / support zone

mgibson91

As title mentions: Daily uptrend support line. We have a 4H bullish divergence. Target is slightly below previous support, now resistance.

mgibson91

NOTE: Please take everything below with multiple salt pinches. For those who are considering buying cryptos around this time and or holding on for the mid / long term, the rapid influx of shorts today and possibly the frequent comparisons the 2014 crash might cast a fair amount of doubt into the picture. The chart details most of this, but if we take a look a...

mgibson91 Updated 

Quite simple, buy the 4H 0.382 retracement (also the 1H 1.618 pullback extension) and sell the 4H 1.618, place stop just under recent low pivot

mgibson91 Updated 

If the handle breaks bullish and one enters near that region, it looks like a promising long opportunity. Although, there might be greater returns to be some altcoins i.e. XRP or EOS as these altcoins have had a nice bounce on the 0.382 4H retracement (and 1.618 pullback extension) . See

mgibson91

Could this be the perfect short squeeze storm? 1. We are at a major support 2. BTCUSDSHORTS are almost at a record high, last time they were this high was around 10th April, after which we saw a massive short squeeze 3. Tightly hugging the underside of downtrend line meaning there isn't much distance to go to break through. If we get enough of a breakout, there...

mgibson91

Looking at the weekly chart we can see the strength of the current support level. On the 4H chart, there looks to be a bullish divergence forming. IMO, the current support line it is at is a pretty good long entry. Could also wait until trend line is broken and buy of a retest of a previous resistance

mgibson91

A different perspective of the same idea referenced here: - High volume bullish candle - Occurred on recent bullish breakout's 0.382 retracement - Occurred on the 1.618 retracement of bullish break's bearish correction - Strong bullish stochastic RSI (double bottom on the indicator) - Perfectly touched the bottom of recent channel - Perfectly touched the...