Crypto Market is incredibly bullish right now so looking for long opportunities. Horizontal level: Clean support where price has bounced multiple times. Stochastic RSI reset - gearing up for next leg up. Market structure: Higher Low representing a key shift in Market Structure. Diagonal level: Clean re-test and bounce. All of the above factors suggest confluence...
Bullish MS intact, above 200EMA, above POC. Clear uptrend and break of a huge weekly zone. Personally buying 1/3 sized spot position here. Will add the rest on chart #2. Alert set.
Good volume to break structure. Low R trade but good FA.
A close above the 200 EMA (again) and i'll add to position. Currently 1/3 position size expecting a close above. Tight stop.
Theta showing signs of strength. 200 EMA cross and i'll go big on this one.
Looks like a good R/R trade at c. 5R. Approaching ATL in sat value with BTC dollar value in a downtrend. I'd be looking at how price reacts at T1 to determine exit/hold.
Increasing volume & awareness. Backed by Huobi & Binance (binance listing hype inevitable). Crypto version of stocktwits. Meeting first area of supply resistance - 3rd tap and likely to break. Trade safe chaps.
Ichimoku cloud offering little to no prospect of a turn-around. Likely to break first resistance on a descending wedge, but should bounce at second resistance.
First TA ever BTC will fall to lower resistance band and then push up to the upper where FUD will create more weak hands. Market sentiment is typically bearish at the moment but will keep between the bands.