We'll see a break of this quite soon. Would be suitable for a long or short. If anyone knows how to get the ticker symbol back in the top left hand corner of trading view please please please message me and tell me how. I did something last night and now I've no idea how to get it back
Bitcoin is becoming more stable in price while consolidating
Just got a breakout from an ascending triangle on Cardano. We have not gotten the follow through we wanted but I have entered and remain in the trade as long as hourly higher lows hold. Targets are 0.5 and 0.618 fib levels where I will exit 2/5 of my position. I will hold the remainer as a longer term swing position hopefully leading to another daily higher high
This will be one to watch over the coming months to see if the Canadian MJ hype combines with the next altseason to give double the gains.
first attempt at using Elliot waves
Two scenarios could play out here. We break neckline of head and shoulders pattern and we fall lower. We see a consolidation pattern whose break will dictate which direction we go in. This is what the bulls want to see. I would say breaking the neckline and going lower is more likely, but I won't make predictions, lets see how the charts play out
Expecting a reversal here to bring us back up to the ~$9500 range to form a lower high. Beautiful bounce on the Kijun followed by a reversal doji candlestick. Bit of a hidden bullish divergence on the RSI too although we more so double bottomed (questionably) rather than form a higher low. I assume this was just some whale dumping. If sentiment is bullish we...