CM_Trades

CM_Trades

EOS finally broke out of the long-term trendline and has retreated back down to the demand zone. We have bounced off of this area and are currently retesting the trendline with a close above being bullish for continuation. The Altcoin market cap chart looks like it has topped out for the moment so we could see EOS fall back under and possibly retest the lower...

CM_Trades

Cardano had an amazing run last week hitting all 3 of our targets in quick succession. We have since tapped into the liquidity around the supply zone and failed to close above, which subsequently resulted in a move back to the 61.8%FIB. We are bouncing back at the moment but have broken the trendline, which was respected the whole move up therefore we could...

CM_Trades

XLM followed XRP's lead last week soaring to new highs after breaking out of the 3300 range and not looking back! Stellar hit highs of 4485, which was the 2.618%FIB level, an amazing run! Since then, however, we ran into a few supply zone slowly down its momentum as we currently remain stuck in the supply area near 3960. We could see another run up higher to test...

CM_Trades

After the insane gains XRP exhibited last week, getting into a short position has been very profitable.....AT THE RIGHT PRICE! Shorts got BURNED hard trying to go against the trend ever since its breakout at $0.27-$0.28 to the highs around $0.80. As the MACD and RSI topped out, shorts could have been entered SAFELY on the second rejection of the supply zone around...

CM_Trades

BTC futures was able to break above the channel/bearflag last week but was rejected at the 50%FIB of the recent down move and sent back down into the channel. However, before everyone gets excited for a move higher, there is an unfilled gap in price at around $6420 and every time there has been a gap in price on Bitcoin futures they have been filled somewhat...

CM_Trades

ETH had a crazy week returning traders and investors alike substantial gains after breaking out from the $210 supply zone. Now that resistance has turned into support, buyers will look to enter on any dip into that liquidity. However, this demand zone must hold for any bullish continuation as a break and close below could spell bad news for bulls and the...

CM_Trades

Look for support around the kijun and lower band of the cloud. Resistance is still the top band of the cloud. Keep an eye on the lagging span cross of the cloud as well for further bull confirmation. Thanks guys!

CM_Trades

Good morning everyone! So after an eventful end of the week, Bitcoin has a mini-crash where 150BTC was market sold causing a spike down in price to the demand zone around $6500, which was the breakout from the range. Sharp moves like this can be expected over the weekend due to the lack of volume making price easy to manipulate. After tapping into the supply...

CM_Trades Updated 

ETH is setting itself up for a massive bearflag on the Daily chart, which I'm sure won't bode well for the rest of the market. Even though LTFs are looking bullish, the HTF charts are sending us a warning sign that we may have a little more upside but the downside could be a test of lows of a break down into the abyss. A very common FIB extension for continuation...

CM_Trades

Looks like XRP might be running out of steam and sitting right under resistance gives us a good R:R for a short trade. Be careful as this can still find the juice to test the high of the day again but let's give this another go! Stop above the previous swing high and targetting the breakout zone. Stay safe and don't FOMO into BIG green candles!

CM_Trades

ETH continues to move upwards with the rest of the market but still feels left out as even after all the meteoric rises of the past 24H, Ether couldn't must up an attempt at $240 let alone $260. With all the hype flowing back in the market, it is something to keep an eye on as Ethereum was an indicator for the previous alt seasons and with it remaining idle could...

CM_Trades

BCH broke the trendline with decent volume yesterday, moving with the rest of the market but has yet again found it hard to break that $500 psychological barrier on its second attempt. I think it will take a leg higher in BTC for it to muster the strength pierce that supply area before moving quickly to $530 as RSI seems to be turning over right now, which mirrors...

CM_Trades

XLM had a meteoric rise off the back of XRP who pulled an insane bull run over the past 24H and has continued its madness this morning pushing the entire altcoin market with it. At this point, everything looks overextended and due for a pullback but then again FOMO could take this a lot higher before rationale returns to the market. Our trade worked out perfectly...

CM_Trades

ADA has been on a tear over the past 24H hitting all 3 of our profit targets in quick succession! We have finally reached the 786%FIB level with overhead supply zone potentially cause a pause in this crazy rally. Both RSI and MACD are getting overextended but then again, FOMO is a powerful thing and don't want to go against it. Unless BTC takes a dump here, any...

CM_Trades

BTC has finally broken out of that range we were stuck in for 2 weeks and has moved rather quickly to the 50%FIB, which coincides with supply zone. Bullish sentiment seems to have returned to the market as almost all altcoins together with BTC have surged over the past 24H but Bitcoin has hit its first test since the range break. We need to get above this area for...

CM_Trades Updated 

XRP has rocketed massively over the past 24H and the entire move has yielded over +80%. Most people have probably FOMO'd into the trade at very bad prices and early this morning we rammed right into resistance and bounced off so far. Ripple has moved past the 1.618%FIB extension and even though we could see a move up into the next supply zone, both the RSI and...

CM_Trades

Profit target hit on a huge rise in volume! Ideally, you would have closed your long and flipped short at the supply zone around $0.43 as first attempts at supply usually bounce right off (most of the time). If you missed a short entry it is better to wait for it to come back down to a FIB level before making a move. Also, ETF chatter is surfacing as delays are...

CM_Trades

After yesterdays eventful end of the day, BTC returned right back where it started.....in the range! Until we exit this range up or down, just keep shorting resistance and buying support until we get a break on either end. We are sitting right at POC right now so there isn't much movement to report today, which has in turn given altcoins room to run. However, keep...