Greetings to all friends!
Who has been attentive the last couple of days already rushed to participate in the trade of the StreamR Data.
In the next few parts, the consolidation of the first wave structure will end. And presumably we are waiting for a new run to new highs.
I'll be brief in my first public analysis and only indicate the goals, as well as the points that you should pay attention to.
Trading structure.
Enters
If you prefer risky entry and big profits - you can enter the breakout level of 0.170 provided there are large volumes of trades (with STOPs at 0.149).
For a safer entrance, I would recommend waiting for a breakout of 0.190 with a good volume, a rebound from the current ATH of 0.210 and an entry during upward movement, provided that there are large volumes of trades (with STOPs at 0.159).
I'm prefer 50/50 positions stack to enter with 0.170 and 0.190.
Take profits
The first level for the profit of risky transactions opened after 0.170 is 0.209. To take profit here is necessary to secure trade from a rebound from the ATH.
The second level is 0.248 because of the presence here of large volumes of sales and also the proximity of the psychologically important level of 0.250.
The third level of 0.2729 is the level of 1.618 Fibo from the previous wave structure.
What to look for
This market is traded on relatively small volumes, therefore, in moments of doubt and confusion, any order greater than $ 10,000 can break the course by 5 or more points and change the trend towards flat movement and new consolidation.
It's for this reason that the past wave structure was slightly ugly. Any large loss-order strongly influenced the behavior of the market.
If you have large position sizes (for example, more than 100,000 units), it is recommended that you place the orders with a grid in front of the expected take levels
For example: not 90,000 at 0.209 but 30,000 on 0.2049, 30,000 on 0.2079, 30,000 on 0.2089.
Remember that any decisions you make or do not make are solely your responsibility.
Happy trading, my frieands! Comments are welcome.
Who has been attentive the last couple of days already rushed to participate in the trade of the StreamR Data.
In the next few parts, the consolidation of the first wave structure will end. And presumably we are waiting for a new run to new highs.
I'll be brief in my first public analysis and only indicate the goals, as well as the points that you should pay attention to.
Trading structure.
Enters
If you prefer risky entry and big profits - you can enter the breakout level of 0.170 provided there are large volumes of trades (with STOPs at 0.149).
For a safer entrance, I would recommend waiting for a breakout of 0.190 with a good volume, a rebound from the current ATH of 0.210 and an entry during upward movement, provided that there are large volumes of trades (with STOPs at 0.159).
I'm prefer 50/50 positions stack to enter with 0.170 and 0.190.
Take profits
The first level for the profit of risky transactions opened after 0.170 is 0.209. To take profit here is necessary to secure trade from a rebound from the ATH.
The second level is 0.248 because of the presence here of large volumes of sales and also the proximity of the psychologically important level of 0.250.
The third level of 0.2729 is the level of 1.618 Fibo from the previous wave structure.
What to look for
This market is traded on relatively small volumes, therefore, in moments of doubt and confusion, any order greater than $ 10,000 can break the course by 5 or more points and change the trend towards flat movement and new consolidation.
It's for this reason that the past wave structure was slightly ugly. Any large loss-order strongly influenced the behavior of the market.
If you have large position sizes (for example, more than 100,000 units), it is recommended that you place the orders with a grid in front of the expected take levels
For example: not 90,000 at 0.209 but 30,000 on 0.2049, 30,000 on 0.2079, 30,000 on 0.2089.
Remember that any decisions you make or do not make are solely your responsibility.
Happy trading, my frieands! Comments are welcome.
Comment:
Well. While Bitcoin Legacy is storming new highs, which is probably 18-20K. Small currencies are not easy to trade. If you are looking for an opportunity to see the whole picture of crypto entirely - I recommend to study the latest materials of @RiversAndMountains.
As for the situation in the current TA. It looks like we are going into consolidation before overcoming the mark at 0.160 which is a strong resistance at the current moment.
Not sure, but it may take several hours.
In the situation where Bitcoin is likely to fall (215,000 unconfirmed transactions) and Bitcoin Cash growth, one must be very careful with long positions. However, if we get the right volume and a strong trend - it's definitely worth it to participate.
The next analysis of the situation in this market in about 5 hours.
As for the situation in the current TA. It looks like we are going into consolidation before overcoming the mark at 0.160 which is a strong resistance at the current moment.
Not sure, but it may take several hours.
In the situation where Bitcoin is likely to fall (215,000 unconfirmed transactions) and Bitcoin Cash growth, one must be very careful with long positions. However, if we get the right volume and a strong trend - it's definitely worth it to participate.
The next analysis of the situation in this market in about 5 hours.
Comment:
Conolidation continues...
Just update the triangle, waiting few hours for breakout.
Also on the chart SQZM show bullish divergence on 1H.
Just update the triangle, waiting few hours for breakout.
Also on the chart SQZM show bullish divergence on 1H.
Comment:
Breakout
Comment:
Still in flat
Comment:
Super tight BB
Comment:
Still flat - waiting for 6-12 hours to clear the trend.
Comment:
Guys it's long flat small volumes, just dead market at this moment )))
This could affect the mood of the market. Therefore, after the breakout of the triangle, we expect a large volume of sells. People want to protect themselves and leave, others buy carefully.
So the consolidation before rising can take a time...