How's it going, Alkalites! Today we bring you good news, as BTC crossed the $40k psychological area!
Regarding technicals, we can see that Bitcoin is fighting against retail oscillators sentiment, respecting our last psychological levels. We could expect some struggle with the 4H 200 EMA, if BTC closes above it, we could see some bearish relief.
After a massive uptrend ride, GE took a break during the past two months leaving a clear bullish pennant.
MACD its looking gorgeous right now.
- OPPENING POSITION: 13.5
- STOP LOSS: 12.75
- TAKE PROFIT: If we are thinking on a swing trade, 14.40 (+7.6%) would be a decent profit. But, I believe that its a great position for a long term. Lets check once we...
Here we come across Accumulation phase as specified in Wyckoff Model. As per the model one can take a long position in Take Solutions. The details of the model is described below.
The four stages of Wyckoff model (Accumulation Scheme) are: -
1. Phase A
The selling force decreases, and the downtrend starts to slow down. This phase is usually marked by an...
EUR/AUD has formed a large ascending channel on the daily with clear middle section. We have now created an extension at the third touch point in another slight ascending with clear middle section, the set up is most probable for a sell set-up in the 1.58400 area.
E/A could move up to the highs before a reversal takes place, although...
Bitcoin was unable to stabilize at its level of 42,000 thousand and fell to 37,000 thousand dollars. And now, in the weekly time frame, it has been fluctuating inside its ascending channel for 9 years, and this channel has a super-powerful reputation. The middle range of the channel is exactly in the range of $ 65,000, when the price hit and began to fall....
ADA has had an amazing run current price ATH $2.47
Right now we see the MACD average a slight underturn but the Scholastic RSI shows that ADA could reach $2.4 in the next target soon up to $2.5
In this short trade idea
Entry 2.22. TP 1 $2.4
Entry 2.22 TP 2 $2.5
Altcoins have shown mixed prices during today's session. Our Alkaline portfolio is still in profit, with some tokens staying at break-even.
Our suggestion for today is to check Cardano, as it seems undervalued on weekly levels. It may be time to refill our bags at ~ ($1.28 - $1.30) if you have been following the DCA strategy with us.
It's actually trading...
Currently moving up in this ascending triangle - Big day as we've successfully broken through $500 and are now retesting it for support (I've already opened a long position here).
Daily chart looks set to blow up providing we can hold the 500 level. Next fib extension on the daily is 1.272 and sits at bang on $600 so will be placing a sell order just below....
Good morning, Alkalites. Today we woke up with very good news! Ethereum broke above $3k, and the cryptocurrency market is slowly being filled with institutional billions.
Today we are adding to our long term portfolios Hedera Hashgraph (HBAR). As you can see, HBAR struggled to maintain its demand levels even when BTC was consistently uptrending. However, it...
As you saw in my previous post, the price was in an upward trend at £37.83. I analysed that the upper declining trendline/resistance would be broken on the next approach and the price will rocket up to $45. The price did indeed smash through the upper resistance and has since made highs of $42.95 and still rising fast!
We will see $45 in the coming days as the...