VaulTradeous

VaulTradeous

I am hoping to see this follow alot of other alts that have been making attempts to the upside. I have to see a nice volume candle to get on the train though. With this being an hourly chart, If I do see a breakout, to the upside OR downside, ill shuffle down a few timeframes looking for scalp trades in that same direction.

VaulTradeous

Watching the hourly for a breakout further north off this EMA. Risk is clear with a stop at the bottom/under the consolidation batch of candles to the left. An EMA break here would see a pretty gnarly move down, so be careful, use your stops and move em up.

VaulTradeous

Looking higher after seeing this nice candle break over the EMA after testing a longer term support. Accompanied by volume (fat candle) and declining volume on the way down (thin candles) this is nearly a text book bull flag.

VaulTradeous

Hourly plays here that could transition to days. The EMA has held strong on this bull move. Buyers stepped in to move price, and sellers faulterd. There was not much of a battle here at all this time.

VaulTradeous

This is the 6th test, or more if you want to count the individual candles, of this hourly resistance. We will be seeing a breakout or breakdown soon.

VaulTradeous Updated 

With many other alts already breaking out of their lower time frame supports 10-30%, a laggard has been spotted.

VaulTradeous Updated 

Watching both ways because resistance has held this entire tightening range. Big breakout incoming.

VaulTradeous

Pretty clear trends on the lower timeframes right now, tightening up in a nice wedge on the higher timeframes. I am scalping these hourly moves down and up but keep a close eye on that HTF support we may be running to next. I will be flat while the market decides its direction. Because that will be big move, i'll have plenty of time to catch the meat of that move.

VaulTradeous

Immediate bounce here at this POC after quite some time playing at the downside. With BTC on support, I can only hope it confirms, or consolidates further on its support instead of dropping, to allow these alts some upside room. Risk is tight in this area.

VaulTradeous

We are on a clear support level. The weekly 12 ema. Its clear because we can see 3-5 weeks testing this level and bouncing. However, the bounces have not sustained. While I love the idea of HODOR from game of thrones keep that door (12ema) locked down and a lovely idea of seeing a support bounce to new highs here......the walkers made it through. And according to...

VaulTradeous

Im a little late on this juan but ALGO has confirmed support along with many other alts. With quite a few now breaking out of these consolidation phases, I am expecting the same here.

VaulTradeous Updated 

Plain and simple, an hourly support bounce makes for many trades available on lower timeframes.

VaulTradeous

I think we get another candle closure above this support, with a flush through next week to make another tweezer wick like bottom, confirming this support and then a push towards highs again. Keep an eye on the lower timeframes, 1h/4h and daily to try and avoid the flush, or play it, and to stay ahead of a major downturn incase my idea is wrong here.

VaulTradeous

If we dont hold the higher time frame EMA support, Im quite confident we will have ATLEAST a few % bounce off the POC(blue) level right below it. Weather or not that bounce sustains the uptrend remains to be seen, and we will have to reestablish views if and when we get there.

VaulTradeous

Solid support found with a good bounce so far. looking at the rest of the alts right now, many are breaking out again, bouncing off of support 10-30%. Lets carry on here.

VaulTradeous

Took a while to get down here but I imagine we see a nice bounce.

VaulTradeous

After a solid support treasure hunt, gold has been found. Now we are attempting to break out of the cave with a solid wall to breakdown. A breakout from here will see a very nice move, and of course keep an eye on for a big wick down to retest the resistance trend line and horizontals after the breakout

VaulTradeous

Long story short - last time we were fiddling around with this level, NEAR rocketed to $20. Now we are forming more support here and around this level....possibly fueling for a nice move higher. We have a few levels of support right below current price action, but my next trend line support is 33% away. I dont really wanna see the 12h structure break downward....