BTC has been looking quite strong for the past few days, breaking up into the 7k region and has continued up to the 7300 area where it faces some strong resistance.
As you can see on the daily chart there has been multiple pull backs to the 61.8 fib level after each impulse move. The 61.8 fib level for the most recent push lines up perfectly with the next daily ...
BTC is up against a weekly resistance now after a strong push off the 5800 support level. It has created a new higher low here and gone on to create a new higher high.
It has also just broken out of the long term down trend which has been respected since early May.
If it gets rejected here we may head back down to retest the recently broken down trend for ...
Eth had a good pump along with btc over the past day. It is right up against a daily resistance now and if it gets rejected here we have made a new lower high and we will head down to retest the long term uptrend.
If that fails to hold up against the bears next stop is a weekly support at around 392.
Watching closely for a entry either off the trend line or the ...
ADA is another coin which has broken the short term downtrend. It is now forming into a symmetrical triangle right at a daily support/resistance. Some good potential gains to be made if this breaks up. Bullish engulfing to break the triangle and off support would be the confirmation.
XEM has broken out of its short term downtrend and is now consolidating on a strong level of support. It has held here multiple times previously and gone for good runs after consolidating at this level. It also seems to be forming a symmetrical triangle just above the support level. If BTC behaves I feel like a good push could happen with 6-12% gains depending ...
Keeping a close eye on DGB right now as I heard there was a rumour it was going to be listed on binance. Technically it shows DGB has had a strong push to break out of a triangle that had formed. It has broken through a 4 hour resistance and is currently forming some indecision in between a support and resistance. Looking for a retrace here to retest and then a ...
Bit more of a risky trade for me but I have compensated by having a very tight stop loss and only putting in a small amount.
THC has been held at this support multiple times and has generally come off it with a big bounce. I will be looking for a quick sell at resistance but there is some potential for some good gains here.
VIB yet again showing me why it is my fav coin to trade. Another good gain last night/this morning for a 13% profit taken. It is now retracing sharply again and nearing my buy zone. Will be watching closely when it enters this purple area. Starting around the 61.8% fib level.
TRX seems to have been rejected again at the resistance at the 860 area. I am watching very closely for a pull back to the trend line for another entry or if it does break up a potential entry above the previous structure.
I have been trading TRX the past week or so with some good results. On the 30 min time frame it seems to have formed a possible Elliot wave and started the ABC correction. I have now shorted my position at the above 4 hr resistance and will be looking for a lower entry at around 800 sats or slightly lower on the trend line.
Watching very closely!
Main net ...
Sia coin after the big spike recently has formed into a symmetrical triangle and is getting squeezed into a corner. Sitting right on a 4 hr support and very close to hitting the overall uptrend and I am hoping will will get a break up to retest daily resistance at around 300 sats for a 10% gain.
Watching very closely for a bullish engulfing candle off the trend line.
Looking at Fibonacci for an entry on ZRX and picked up a really nice bounce off the 61.8%. Looking for it to continue to push up and retest the previous high. Either forming a double top or breaking through and continuing up.
Looking at taking profit at previous structure.
Vib has broke out of the channel it has been in for some time. It has also opened and moved below a key 4 hr support. If we get a close below 2199 then i will be shorting my position and looking to reenter at a lower price. Target may be around the 2015 mark.
After successfully completing the Eliot wave formation, TRX seems to be correcting down towards the trend line. After the ABC correction completes i may look for an entry either off the trend line or support.
Watching this closely over the next few days.
ADA has made significant gains recently as the market has started to become more bullish. Right now with BTC trying to make a decision on whether it's going above 10k or back down to retest support, ADA is sitting right on a 4 hr support level at 3612. If it can hold here and BTC continues moving sideways there may be a decent entry off support for around 10% ...
XLM has come back down and is now at a key support level. It also is about to touch the uptrend line it has been following for quite some time.
If BTC behaves there could be an entry here for a 9% gain up to previous structure.
We need a close above the support at 4344 and a bullish engulfing candle for confirmation.
Got into powr last night as it was forming a symmetrical triangle with the trend line. Sure enough a breakout happened overnight but it did not quite reach my sell target. It has no retraced and touched the 50% on fibs. Hoping for a bounce here up to my take profit target of 6447.
After breaking out of the down trend recently, bitcoin has found a new trend line and started making its way back up. It has respected the new up trend line a few times and could potentially be forming wave 5 of an Elliot wave.
If we can get a close above 9400 then we should continue up to retest the next resistance at 9700 and hopefully move further up to ...