AndyTheKing

AndyTheKing Updated 

Many reasons to take a short on ETHBTC here. Refer to chart. However, as long as we remain above the 1D 200MA I will be bullish on ETHBTC in the medium term. The 1D 200MA is sitting nicely at the range low (0.786 fib) which is where I would like to enter a long trade if price consolidates in the green box. Hit the LIKE button if you find my analysis valuable...

AndyTheKing Updated 

Despite altcoins having experienced a rough fortnight, astute buyers continue to accumulate. I believe Dusk is setting up for a bullish next few weeks. My reasoning: Structure: Double bottom, higher low. Divergences: OBV div with sustained buying. Histogram div (unconfirmed), willy div. Location: Reload zone. Hit the LIKE button if you find my...

AndyTheKing Updated 

Textbook divergences setting up for INS, presenting a nice risk/reward trade. My reasoning: Structure: Double bottom. Divergences: Triple div - OBV, histogram (unconfirmed) and RSI. Location: Below value on VPVR. Profit target slightly above value on VPVR. Currently at swing low from 17th August last year. Hit the LIKE button if you find my analysis...

AndyTheKing Updated 

Buyers beware! We have strong reasons for a significant plunge on Z1P. After doing an impressive 5x in 2019, it looks like the party may come to an end for the bulls. Reasons for the trade: Potential Head and shoulders forming VPVR - Above value. POC @ $1.10 VPVR - Could drive a truck through that 69% gap in volume Money moves towards liquidity....

AndyTheKing Updated 

Every four years the number of bitcoins generated per mined block is reduced by half. Currently, 12.5 btc is generated per block. After May 7th (estimated), the number will drop to 6.25. This next 5-6 months will be interesting, especially as media attention ramps up as the halving date draws nearer - potentially bringing fresh liquidity into the market. From a...

AndyTheKing Updated 

When we look back at any chart and think to ourselves "Gee, I wish I was buying down there..." we often assume that we'll capitalise on any future opportunities "next time" with zero hesitation. Unfortunately, this isn't the case because instinctively we want to buy when we're "sure" something will go up. By the time we're sure, you can bet everyone else is too!...

AndyTheKing Updated 

ASX:RAP is an interesting combination of strong fundamentals and filthy price action. Purely technical traders may be deterred, however under the hood we're presented with some interesting insights that might be overlooked by those without intimate knowledge of the company. Technicals - Neutral Reasons to take a trade: Location: Using the most recent...

AndyTheKing Updated 

After forming a double top at the end of May last year, ASX:EXL has been bled down - dropping 90% (!!) from its all time highs. The bulls stepped in, providing some relief with 4 straight weeks of buying early this year. Can this be sustained? Here's why I'm bullish: Volume: High volume week, pushing the OBV above the 13EMA. "Volume precedes price", aka...

AndyTheKing Updated 

At a market cap of only $17M, ASX:CCA has presented a high risk/high reward trade opportunity. Here's why I'm bullish: Location: Reload zone Structure: Double bottom off the 786 Divergence: Div in OBV, Willy (coming out of stupid), confirmed histogram div + RSI div (crossing over 50) Let's get it! Hit the LIKE button if you find my analysis valuable...

AndyTheKing Updated 

Anticipating a drop into the green box as a greedy entry point, perhaps on the back of a "sell the news" earnings report which is coming up. Bullish for this year with a belief that a local bottom has been put in for the time being. Reasoning for the trade: Location: Reload zone within a reload zone (0.786 line up) Structure: Triple bottom formed, followed...

AndyTheKing Updated 

DUSK is setting up for a nice trade despite the bearish market structure. Can the bulls push it up higher? I think it's possible. My reasoning: Structure: Falling wedge chart pattern getting very tight. Divergence: Confirmed div in histogram , divs in willy and RSI. Volume: OBV is strong, showing a lot more buyers than sellers despite the falling price....

AndyTheKing Updated 

I like the look of BKT here, my trading plan is as follows. My reasoning: Location: Reload zone Structure: Double bottom off the 786 Divergence: Confirmed div in histogram and willy (coming out of stupid). RSI is bullish, looking to cross 50. "W" in OBV about to cross 13EMA. Trend: Break of bearish trend commencing June '19 VPVR: Retracement lining...

AndyTheKing Updated 

Looks like the bears have exhausted themselves! Verge is a buy for me at these levels. My reasoning: Location/structure: A floor seems to have formed at 40 sats which was tested 3 times over the last week - giving us a double bottom. Divergence: Confirmed histogram div + RSI div (coming out of oversold on the daily). Willy coming out of stupid. OBV...

AndyTheKing Updated 

After finding support at the 0.618 and consolidating for a few weeks, I believe RLC is ready for another leg up. My reasoning: Location/structure: Strong support and nice structure "W" at the 0.618 Divergence: Confirmed histogram div, RSI looking good. Willy coming out of stupid. Strong OBV VPVR: Lots of volume traded at this level I should note there...

AndyTheKing Updated 

Seems that the next week or so will be crucial for Nearmap Ltd (ASX:NEA). I'm seeing many mixed signals that is telling me simply to wait another week to see what happens. I love what I see technically, however I do have some structural concerns. Bullish arguments: Location: Ranging just above the 0.618 fib Structure: Triple bottom off the 0.618 fib ...

AndyTheKing Updated 

After identifying an early break of bearish trend last week, I decided to give Pilbara Minerals Ltd (ASX:PLS) a week to see how it would perform. And what a strong week it was! Finishing #3 (+9.7%) out of the Top200 (imgur.com) was a strong statement from the bulls. PLS has been on a long, slow bleed since December '17 but it's now looking more attractive to...

AndyTheKing Updated 

As one of the older Binance coins, Komodo takes a bit more time to rock and roll than some of the newer listings. However, don't let that deter you at these levels! We know from previous rises in price that when this one goes, it really flies. My reasoning: Location: Reload zone Structure: Double bottom off the 786 fib. Divergence: Confirmed histogram...

AndyTheKing Updated 

It's been a patient wait for this Chiliz trade but I think we're at a trend reversal here. My reasoning: Location: Reload zone, sitting right on the 0.705 fib Structure: Higher low formed. Would like to see a "W" form here for higher confidence Divergence: The 2nd OBV div on the chart, making me think a reversal is near. Confirmed histogram div and...