SHORT TERM ANALYSIS If current 4hrly closes here it'll be a bullish spinning top. If it closes higher, it'll be a bull hammer. If it closes below 3910, SHORT is still ON. 3 hours from now. A lot can happen in 3 hours. Perfect LONG entry here would be 3780 to 3640 I'll close my complete SHORT around 3900 and seek a tiny LONG entry around 3910. LONG TERM...
After falling from the Rising wedge (if you followed my previous trade), BTC is completed a HnS pattern. Should keep going and consolidate in 4000-3800 zone. If you are not in this SHORT already, try getting in as high as possible. Stagger your entries till the top of right shoulder (4300). Take Profits between 4100 and 3800..
Yes, I'm still saying BTC is not gonna moon anytime soon. This 85% retracement has prolonged the bear market by another 6 months at least. Let's see what BTC has gone through over past 2 weeks. The first drop We dropped to 5180. Tested 0.382 Fib and went down Second drop We dropped to 4016. Tested 0.236 Fib and went further down Third drop Reached 3440. Saw 3 nice...
Yes, I'm serious. I drew this wedge a week ago but wasn't really expecting it to make a stop at the support. Now that it has, it looks like it could turn into a really good LONG trade. BCHZ18 is already at it's lowest. Well it is if you ignore that dirty wick to 305. I'm going to wait for a a bullish 4hrly close before jumping on it. So, basically this trade is...
EOS has dropped a lot since my SHORT call day before. How amazing would it be if we can get ride it back. No trade zone on 4hrly is building up on EOS. Which means that reversal is close. But it doesn't mean that the reversal is on next candle. It could keep dropping during no trade zone. I'm going to keep an eye on it and wait for a confirmation from next 4hrly...
Previous 4hrly is a nice Bull Hammer With BTC dropping, it should be a safe trade as Ripple moves opposite to BTC. After getting stopped on previous LONG, I re-entered a tiny LONG position at 8700. S&Rs -> 9996, 9870, 9724, 9636, 9514, 9385, 9268, 9180, 9087, 8944, 8740, 8582, 8440, 8204 and 7952 Have already Staggered along 8740, 8582 and 8440 with a SL at...
XRPZ18 has been converging into this symmetrical triangle for a while now. Below is trendline which is running since 12th of October. I believe it'll be a decent breakout. Buy -> 9180 Stagger 1 -> 9122 Stagger 2 -> 8941 Stagger 3 -> 8747 SL -> 8710 I'll update the TPs once the buy order is filled.
This can be traded on any exchange including Bitmex. But remember prices of Bitmex will be different as compared to prices on Binance. I'll be trading EOS on Bitmex. Charting here due to lack of historical data on Bitmex Chart. EOS has been forming this triangle for a while now. Has made multiple attempts to break the top. FAILED! I'll be SHORTing it on...
LTCZ18 has been cruising up along this trendline. Keep an eye on it. It's doubtful that it will cross 820. SHORT as soon as it crosses over. Simple Trade.
Current consolidation could go on for another 3 days but in the end I believe BTC has 1 more drop left. Multiple rejections from 4k resistance. Couldn't manage to reach 618. Got rejected there. The downward momentum is really high atm. Forming another descending triangle. Bullish Divergence has been forming on 4hrly timeframe but we have 1 more drop left before...
All the necessary explanation is provided in the chart. My Trade Setup is also mentioned.
XRP has finally broken trend and is on its way to mid-low 8ks. The trade setup is mentioned in the chart.
XRPZ18 witnessed a magical dump while BTC dropped from 6200 to 5500 followed by even more magical pump to where it was before BTC dumped. Following the some adoption news, XRP started a nice uptrend which seems to be over now. I would SHORT XRP at 9180 once the break in trend is confirmed. My trade set up looks like this atm Initial Entry 9180 Stagger 1 ->...
BTC has been consolidating after that mammoth drop. It's clear that investors weren't really happy to buy 6k BTC and we finally broke that market structure. The drop was not anticipated by many if it was, BTC would have dropped much further. People had their SLs in 56-5900 range that triggered many liquidations that got us here. Now, it is what it is. Being a...
NXS seems to have found some support at that uptrending support line. FOMO just gave a buy signal on the daily. Stochastic RSI bottomed out and has started to curl up. Should be a good mid term trade. Buy - 23000 Target 1 - 27000 Target 2 - 31000 Target 3 - 36000
I believe this is pretty good entry for ripple. Its been respecting this uptrending support line for quite a while. Buy 7990-8010 at 5-7x Leverage Possible Targets 1) 8250 - 8300 2) 8450 - 8500 3) 8750-8800 4) 8950 - 9000
Been in this downward channel since the beginning of this month. Some rebranding news seems to be floating around. Could give XRP the much needed push. Secondly, seems to be forming a descending wedge on the hourly. Well, the point is we need to keep an eye on XRP. I'm going long with tight stop loss for Scenario 1 (Blue Arrows) If that fails to break out, I'll go...