Same as my previous idea but with a chart that actually works. Hoping for a lower trendline touch, longs in the box. If I'm wrong, long a retest of 0.0430.
Looking for BCH longs in the box. If I'm wrong, long the retest when 0.0425 breaks. That is all.
Here's a chart full of squiggles that shows BCH *might* be almost ready to launch. Roger's baby is holding price very well through the BTC drop, and although it already wicked down to 0.0393 I expect a slow bleed / sideways followed by a tasty bounce off the diagonal trendline, confluent with daily resistance @ 0.0392.
I got stopped out of my TRX short higher up and missed a level or two but it looks good for a retest of the upper trendline of the descending channel for a reasonably high probability short. Cloud in full bear mode, if BTC drops then we could see a wick straight through 500 sat.
Bitch Cash just nudged the top trendline of this massive triangle, now printing a cheeky H&S which I expect to result in a retest of the middle, at which point I will go long. If I'm wrong and it flies from here then I'll be longing the crap out of the S/R flip of 0.04. If I'm wrong and it dumps straight through the box marked then I expect the bottom trendline...
TRX scraped oversold on the daily as it double-bottomed on this range low, started forming an A&E with ascending triangle. Potential continuation to 650 and possibly higher but since TRX already went on a huge run I'm keeping a very tight stop and looking for a quick exit at FTA, which is the middle of the range. Also, BCH seems to be waking up and I will need...
So Rippletards everywhere are rejoicing because everyone's favourite centralised shitcoin will be added to everyone's favourite centralised shit-exchange. No reason for longing this other than "fundamentals". Hopefully it makes it to the weekly resistance marked. Will be trailing stops as Ripple retraces like a bitch and these kind of pumps are basically...
I'm expecting EOS to return to one of these trendlines for a mean reversion play. Looking to use this and TRON as short hedges whilst everything else is kind of bullish.
Obviously BTC seems to be in a bull flag after the pump which broke the falling wedge. So I looked at recent history to see if I could find a similar "bull flag after breakout pump" scenario. Grabbed some candles from July 1st 2018 onwards and lined them up with what we currently see...boom. If price follows this directly then feel free to call me a genius.
XRP looking kind of grim on the daily, I was hoping for one last punt to 10k in order to complete the over/under but I'm trying to rely less on patterns and it's not bullish enough for me here. So I am now looking for shorts down to the 200MA. Will short a breakdown of the weekly support or if we make an anaemic pump up to the 8530 level (~8610 on 'Mex).
So I messed up a LINK trade a couple of months ago due to over-reliance on chart patterns. Since BTC might also be printing a H&S-type thing into bullish continuation I decided to see if it follows the fractal. Taken from the LINK 12H chart, here overlaid on BTC 30min. Going long here as I think we'll see a bearish retest of 3500 at the very least.
ETH/USD closed below HTF support, descending triangle and a fair bit of room below to make a more realistic A&E bottom. Micro retest already happened; I am placing short orders below resistance as I don't expect it to make it all the way back up with a rounded (4h) retest. Bullish longer term, will be buying lower down.
Serial trend-line breaker XRP now looks well bear, innit. HOWEVER given the slow pace of PA in this daily range I do not expect it to just roll over. Bull case: Still above critical support, bull div starting to form on the daily. Price needs to break the Weekly resistance @ ~9394 and hold above. Failure to hold above will result in everyone's favourite...
So BTC cancelled the prospective bat in favour of breaking out of another falling wedge and starting to form an even smaller one. Fractals are fun, I figured it would be an amusing troll for BTC to break out of infinite wedges before dumping right through all of them to retest the very first breakout. 3700 first target for this short scalp. I'm bullish longer...
So BTC looks a bit dumpy, I saw some bear divs on the 4H earlier. I reckon we go down to retest the wedge @ ~3560, this might however make a rather fetching bat, which hopefully punts us back to the top of the channel above. Short then flipping long.
Possible descending broadening wedge forming; though LINK retested the 8.5-9k level immediately after the H&S played out, the rejection was strong and I believe we have broken bullish market structure. Key Supports @ 5000 and 3800 confluent with 0.618 and 0.786 fib retracement levels respectively. I am flat since the formation of the right shoulder on the H&S. ...
Hoping for a WABI-like punt straight through the cloud on this one. Fairly aggressive retest of the resistance at 2100, crossed over tenkan, MACD cross curling up.
SiaCoin tagged the bottom of the channel, printed an SFP on the 4 hour. Consolidating around psychological resistance of 100sat after reacting to the level, daily looking bullish.