Held very well as other large cap cryptos have given up some gains today, ASIC 11 rally still in play. Stop at $269 looking for a major breakout on MACD bullish cross. Back to MEWN!
Cool symmetry in BTC, if it follows through should head back to $3,900. Good short term buying opportunity if that support level holds.
1. Continuation triangle narrowing 2. Bullish Stoch RSI cross on daily LTC/USD 3. Green 4 hour candle 4. Good support on LTC/BTC cross Strong risk reward play. Would add more at bottom of triangle (~$42/LTC) with a stop loss below the triangle and/or support on LTC/BTC, depending on how you prefer to trade it
Augur has made a double bottom previous long term resistance which as turned to support. Coupled with an oversold daily RSI, a crossover in Daily MACD think we see a turnaround here and at worst you have a small loss with a stop below a good, proven resistance point. First Fib extension is at .017 so looking at almost 3x reward on the long side.
Compression in Iota forming a symmetrical(ish) triangle. Here'e how I'm playing it. If we break support here, short. If a green 4 hour ichi posts, go long with a stop below support If we get a green 4 hour ichi rally, then a red 4 hour ichi posts, i will sell and reshort, with a stop above resistance Rinse and repeat until we get a breakout.
1 Hour triangle clearly forming on LTC. I suggest waiting for a breakout either direction on high volume, my initial reaction is that LTC will breakout to the upside as we can clearly see last time we got a 4 Hour MACD cross after RSI reached oversold and Stoch RSI went from oversold to overbought we got a rally in LTC. I am long a small amount of LTC and will...
Lot's of reasons to go long STRAT/BTC here with a quick stop loss below the recent double bottom. Best of luck, see you on the moon!
Price target: Moon. This is much more predictive than my typical technical analysis but with 4 Hour 3 Hour 2 Hour 1 Hour Stoch RSI overbought I can't help but think we hold resistance one more time before headed to the top of the long term channel. Similarities to last rocketship are uncanny. I'll be looking to buy if we hold support at $38/LTC and start going...
New resistance at the previous support of the descending wedge as I highlighted here Broken uptrend on the 15 minute chart, looking for a retest of $132/ETH low or a higher low before buying this dip. This is just one possible outcome, but given longer term bearish trend, I see it as most likely. Risk reward from $152.50 is to $132 downside $164 upside (new...
Let's talk a little bit about trading strategy here. 1. We are clearly in a bear market. Lower highs, Lower lows, clear down channel. Over 50% price loss in the last month or so. The trend is down and you trade with the trend until the trend changes. That means quicker to get out when buying bounces, bias to the short side, and when it comes to risk - reward you...
2HR MACD already crossed, 4 HR Stoch RSI crossed and 4 HR MACD Following. 2 HR Stoch at oversold, so may get a little bounce before headding down. Sitting at support so may turn into a shtshow for LTC. Will probably buy when 4 HR RSI is oversold and we get a 4 HR Stoch RSI cross.