Notes marked on chart If we are to stay Bullish this is one possibility could it be this simple????
- Straight up gonna say take most profits at $197 a break of $183 we should see this target - Entry is just above the Bullish Breaker and within a 4HR oderblock created during this push up -
- Watching this one closely looking for a bullish reversal structure to form before entering - either a nice double bottom here or a break below and reclaim - RSI is oversold but that doesn't mean shit as far as I'm concerned it helps build bias and that is all, especially at an untested support. - Really am expecting this zone to act as support and very...
- Watching for reclaim of Daily OB - Volume decreasing during the end of this sell off, hopefully we are just dipping under OB to remove stops and then reclaim - Want to see FEB lows NOT BROKEN below 537 SATS but could see it act as the support before the reclaim - Take profits @ 675, 801 and finally between 900 to 980 - Korean Etherum
- Want to see this Daily OB hold especially since it is the Lowest one. - RSI is signalling divergence on the daily and at support which increases its probability of playing out. - Take some profit ( 50% ) at 840 SATS as this may fall back down into accumulation phase and its always good to not waste profits - Volume has been increasing during this recent...
- Approaching Weekly support which a clean break of lead to a huge move up - Watching for it to hold and set a higher Low, once 1579 breaks and we range for a few days there I would be expecting a retest of previous support now turned resistance (2195 SATS ) - oh NASA are currently using Theta..... NASA
- Want to see a reclaim of previous daily OB before considering going long - If reclaim fails expect to visit close to 60 sats as this was the bottom weekly when Po.et was first listed on Binance - Target anywhere from 115 to 119 sats - Daily has printed a nice divergence but I do not like entering solely based off this, the only time I use the RSI divergence...
PROS - Bullish divergence on the RSI Daily - Currently holding Feb lows - Price is squeezing in anticipation of a move - Good R/R for this trade CONS - Sill has low volume at this level would like to see a spike in volume Want to see it hold above its December lows to hold an accumulation and higher lowi if it closes under 1793 I will look to enter again lower
- Reached weekly resistance - Expecting pullback - Shouldn't break 6K on first go - Three drives pattern with bearish divergence on the daily - Hesitant on stop - biggest problem is the large amount of short currently in Bitfinex longs vs short ratio ( not displayed) close 75% at target 1 25% on second TP not actually taking this as i would rather see a...
- Retesting 4HR block - a break above and close would signal further upside or a higher retest. - No super confident in this trade due to a rsi divergence and possible run of stops - a setup is a setup