As the title say, It started to drop and turned just above my buy zone, I tough it was a bounce and we would fall again to trend but just kept going. I tried to figure out were it went wrong. Think i found it :) I was expecting MCO to drop and stay down and slowly rise before AUG 31 when the app & card is to be released but instead it went up. So i started to...
I will follow this one closely, Once we get confirmation on an uptrend i'm in. Alot of coins are falling now so this one might fall alot more to.
So... yeah, This is what i'm hoping for. BTC Going like crazy and don't look to stop in the next hours wich means money goes from other coins to be on the BTC train. As MCO following the downtrend i belieive we are going down to the support trend ( green ) and will slow down from there. The Monaco card & app will be released on 31 aug accoring to Monaco support...
So i've been looking on alot of coin charts today on high timeframes 1D / 3D and noticed that ALOT of coins is following the market cycle really nice and we still have along way down to fall. We seem to be at either the Complacency, Anxiety, Denial stages and in some, Panic. Once we reach Depression i will buy alot of coins. So my strategy now is to trade the...
We have a cup & handle formation with a small tail wich can be just before a huge push. RSI for 6H & 12H looks to be crossed wich indicate we could go up from here. What i'm fearing now is the elliot formation, Did we have the third wave (5) or is that still to come. We just bounced on the 3h ichimoko cloud wich is nice, If we would have gone trough the cloud...
I don't believe we are even close to the target of OMG. RSI looks to be crossing across the board is following the elliot pretty good. I will keep an close eye on this but it's not looking to fall down anytime soon. If you are not in yet, Wait until it hits trend line and go in there. Set tight stop / loss, if trend breaks i think it will be fast down.
Tell me what you think, Have we seen the top? I wont get back in until we are at trend if nothing crazy happens and we just keep pushing.
MTL looks to be ready for a new run. Great RSI on almost all timeframes, Broke out of pennant and challange previous top. Just a little more is all it takes :)
As requested here is my re-evaluation of PAY. for 30m it looks like we have a nice pennats pattern with the first candle close to breaking top of resistance. The 1D RSI still looks strong wich make me think we still have one more push. If we break up from the pennant we will have another resistance level around 1600. So that will be my first sell target, Once...
MTL look to have found strong support at 2000 ( Previous top ) and are now forming a pennant pattern. If we have another wave up we will be close to an all time high and have free motion up from there. My target will be 29 - 30. It's been some good days for crypto :)
MTL just broke trough resistance, Is it ready to pop?
If a cup & handle happens my initial plan will change. Hopefully we don't break trend and fall back to the ground. PAYDAY PAY :)
When looking at a higher timeframe it looks like we have a nice elliot formation going, Strong trendline and soon to be on top of the 6h cloud. If we fall down to 600 i might sell, not sure. From what i can see, i really like were it's going but i will keep tight stop/loss. RSI crossing indicating we are still going up.
So we had our first push and looking to gear up for a second wave. It's a nice pennant pattern and if it breaks i have a target of 135.
We have a nice pennants pattern in an upward trend wich to me indicates that we are going soon. RSI looks to be turning soon and from there we should go. When we break out of the pennant i have my target and sellzone set. Really excited to see were this goes. Do you see something else? Please share.
Cup & handle breakout. Good build before taking of. Lets see if we can break resistance and reach 103.