A 10.56 Risk to Reward Ratio on this with a tight stop loss but strong upside potential if it breaks out. I put targets for both sides just incase you like to short ;) Moving Averages also look to be crossing soon with the volume dropping low ( a nice sign for a potential breakout.
Predicted Targets Short term target - $6,663 (Already Hit) Intermediate term target - - $3,846 Long term target - $1,736 Lets see how this ride goes !
BItcoin (BTC/USDT) is forming to what seems to be an Inverse Head & Shoulders. This leads to a target to about $8,049 It already broke out of the trend line/shoulders for a move to the upside. If you had entered at the breakout, I would set a stop loss at the trend line/shoulders for a breakeven point to make it a risk free trade. Add me on Twitter for more...
BCC Still Continues To Seem Bearish. 1) Moving Averages are about to cross Bullish and price action is underneath the MA trend lines. 2) Formed a Head & Shoulders pattern and the pattern confirmed. Expected Target for this is $684. 3) A long term trend line was drawn from the start of Nov 2017 until today. This trend line lies right above the Short Target...
Caught a nice inverse HVF pattern. Current following trend is downtrending so that gives a confirmation for a strong downside. . .BUT i also spotted compressing volume (potential for a strong pop in the upside or downside) and also a Bullish Divergence Pattern (indication of going to the upside). Overall, price could break out either way. I have set 2 target...
BTC SHORT: • Entry Price : $7,917 • Stop Loss : $8,261 (4.35% loss) • Profit Target Price : $5,028 • Risk/Reward Ratio : 8.39/1 • Profit Potentia l: 36.49% This chart is setup using an inverse HVF. At this current moment it is sitting really pretty at the Downside Target 1. I do expect BTC 1.56% to rally back up for a proper retracement, possibly back up to...
This chart is setup using an inverse HVF. At this current moment it is sitting really pretty at the Downside Target 1. I do expect BTC to rally back up for a proper retracement, possibly back up to the $8k area. I might then consider a possibility to then enter a short position once this has taken place see it break out of the funnel to the downside again....
VEN is forming a lot of good looking signals here. 1) Flag Pattern (continuation pattern) - broke out in the upside from the pattern confirming its direction. 2) MA on the 1 day and the 2 day are crossing strong bullish. 3) If using the HVF setup; it broke out in the upside for pattern for two different Targets to take profit out from. 4) Looks to almost be...
BTC/USD view in LOG. Weekly chart. Allowed me to get a broader picture of the market. If we break 7173 (huge support), our next good support is 4954. Notice how the Fibb measures with Sup/Res Lines
VEN looks good for several reasons... 1) VeChain Mainnet releases JUN 30th and most likely will build with volume as the day approaches. 2) VeChain seems to be forming a nice Cup and Handle pattern...not yet quite finished forming yet. The Cup and Handle sell target price seems to be at .000911 and starts at about .00062 3) The volatility squeezed nice and...
EOS looks like a good strong buy if it hits .0018667 (which was determined by using the Fibb Retracement). Volatility is squeezing tighter and tighter and is looking for massive explosion very soon to the upside. I happened to use the HVF method for this coin. Waiting for a full pullback on the RSI and chart to touch the resistance lines set. Moving Average...
This chart formed a nice Cup&Handle pattern. We have our targets set with the pink lines (Tgt 1 and Tgt 2). These targets were found based off the C&H price target method. I set thicker black lines within these pink lines for a more profitable (in comparison to Tgt 1) but still a more conservative range (in comparison to Tgt 2) to take profit at. These targets...
Cup & Handle target prices set. 3 different tier levels. I prefer to use Target 2 to liquidate the most at but you choose your risk/reward ratio and go from there.