BTCUSD failed to break above 7.150. The bull run was short-lived. We are back into a demand zone (blue box) that worked multiple times this year. The apex of multiple triangles is closing. A fair strategy would be to buy at the bottom of the blue box or closer to 6.200 USD - with a stop placed right below 5.900. If 5.900 is breached, then we should consider shorting.
We printed a higher low on the daily - which is a great sign. Let's keep an eye on that young trend line and let's see if we can print a higher high above 7150. The descending triangle from 13K is the biggest resistance, followed by the last tops at 8400 - horizontal line. If BTC can break both resistances upward, the next leg up will be a powerful one...
Alligator is lined up and already eating up TRX - bullish. Let's observe how long it will endure.
Let's see if we hit the rock bottom for ICXBTC..The blue line represents the support zone and recent lows constitute the stop-loss point.
There seems to be a young trend line forming to keep ETHUSD bullish however since the low points have not been tested over and over again, we can't decide if the trend line is strong enough or not. I will watch the daily close, if the close is lower than yesterday's low, I'm going to short it with yesterday's high being the stop loss. Otherwise, I'll watch the...
My previous set up didn't work and I had to stop out on that trade. Now, I am watching BTC in 4 hours and it is trying to peek out of the falling trend line. Let's see if that move will find some volume support to turn into a new trend. Place your stop losses - trade safe. Q.
ETH bull run looks like it needs to cool down a bit. I would not close any long positions until I see breach of Alligator mid-line, however I would not add any new position until the resistance in red box is cleared.
Hoping that the bull run will endure, opening a small size of long around 9050 - looking for a completion of Cup & Handle pattern. Stop loss right below Williams Alligator mid-line.