I took a position at the bottom of this falling wedge, confluent with pivot s1 and the 786 retracement. Targeting the VAH of the current trading range. Let's see how this one plays out. Keep it simple, manage your risk, and don't get rekt. //Disclaimer: This is not financial advice.
Taking a long at this falling wedge bull break on the golden pocket. Targeting the top of the pattern just below pivot point r2. Let's see how this plays out. Keep it simple, manage your risk, and don't get rekt. Disclaimer: This is not financial advice.
This VAH which was previous resistance is now being tested as support. Also we can see an ascending triangle where the top is confluent with the VAH. Targeting previous resistance on this. Let's see how it plays out. Keep it simple, manage your risk and don't get rekt. //Disclaimer: This is not financial advice.
Tezos bounced at the 618 of the swing low to the swing high. That area is confluent with the value area low of the range, and a daily pivot. Targeting the value area high with a swing trade in mind. Let's see how this plays out. Keep it simple and manage your risk.
Are we done correcting? In my humble opinion, we are close. Let me share with you my thoughts on this. Key Points: Testing Weekly 20ma which is a historic support for bitcoin in past bull markets. Tested VAH of previous range for support and has held so far. after 10.5k was established as range low price pumped to top of range at 12k followed by a retracement...
I opened a position here on Bat. Let me tell you why. It's been trading in a structure, and seems to be establishing support at the val, which means we could be on the way to test resistance. Let's see if price can reach the top of the structure. I'm taking 4 profits on this 40%-30%-20%-10%, and risking 1% on this. Let's Go!!!
Took out a long on Link. It's on weekly support, bullish pivot zone, and currently testing the 4hr 20ma as support. Target is a 1:1 extention of the last impulse. Also looking for the possible formation of a harmonic butterfly. Let's Go! Always be sure to manage your risk as any trade can be a loser. ;-) Keep it simple, and stay calm.
Currently testing range VAH as support. Targeting a 1:1 extention of the previous wave. Went 5x on this with a 20% stop risking 1% of the account. Let's Go!
Broke value area high and are now testing it as support. There's confluence there with the 618 of the current wave, a 4hr and Daily pivot, the 12hr 20ma, and the VAH. I'll take half off at 18, move my stop to breakeven and let her ride. Let's see if I get there. Let's Go!
Neo has established a nice channel clearly visible on the Daily time frame. As btc ranges from 6040-6300 alts should move up a bit. Technically we can see 4hr bullish RSI divergence, and on the daily we can see a bullish MacD cross. This looks like a clear and easy trade. Let's see how it works out. My stop is below previous resistance, and my target is below the...
Took a long position on EOS for a few reasons. Established channel bounced off 618 confluent with bottom of channel reclaimed and tested point of control of current range Targeting below 618 of high to low Stop below local low.
-Increasing volume -Range high break -Uptrend Established -Trading above daily 20ma & 50ma Keep it simple... Let's Go!
-Bounce at Monthly Support -Break of 4hr range -Break of diagonal resistance trendline -High risk due to lack of volume -Targeting just below weekly resistance -Stop below range low wick
Getting a bounce at the golden pocked of the move from the low to the high. Confluence is the daily 50ma, and the daily pivot S1, which as previous resistance may provide support. Macd is converving, rsi looks like it may bounce, momentum could be exhausted, and stochastic looks like it could enter the channel bullishly. Targeting pivot R1 since the bounce was...
Currently bouncing at previous resistance which is confluent with daily pivot s1. The trendline has been resistance for the last couple of years and is also between the fib zones 618-786. Targeting just below the 618 of the low to the high, and placing my stop below the 786 / daily 50ma. Indicators also look like they can switch bullish so odds look good to...
Opened a long on Gold. Price has broken through previous resistance and targeting the high of 2011. With all the money printing going on, should be a low risk trade. Let's see how it goes. No indicators, no patterns. A simple support/resistance trade. Stop is below previous weekly resistance close which should act as support. Let's Go!
After the rejection from the daily 50ma/resistance trendline we bounced inside the channel at the 786 of the channel. 2 Scenarios I'm watching are the red lines. If price breaks the resistance trendline It's possible to tap the 618 of the move from 10.5k-3.6k. before rejecting and heading down to the 618-786 fib zone from the move from 3.6k-7.475k. Daily...
-4hr indicators look bullish -converging macd -rsi bounce from the 30 -momentum may be shifting -stochastic may be moving towards channel in bullish manner -holding at previous support -4hr bullish engulfing -bounce from 618-786 of impulse -stop below the 236 of entire move down.