Koogi

Koogi

Technical trade. Price is consolidating clear area of resistance defined. Place stop buy above Also price above 200 and 50 day MA's Potential for false break out but I stock goes back down you won't have made an entry.

Koogi Updated 

I have been trying to catch the break out for the last few days with a tight stop loss just in case it goes the other way which is also very possible. The pull back from all time highs hasn't been strong enough to suggest a reversal in trend so I believe this to be a continuation pattern. I will be waiting for break out confirmation before I get in again though....

Koogi

We have 3 examples of bullish divergence in MACD, CMF, and RFI. This voids the bearishness of the descending triangle. We have even had a brake out of the descending triangle with a somewhat modest increase in volume. Thankfully I took the gamble and assumed it would break out when it bounced off the horizontal support line. I will be setting a stop loss at 12.40...

Koogi

Ethereum has low volume and isn't looking to bullish at the moment. A descending triangle reversal pattern has formed. I'm waiting longer for lower lows to buy back in. Also if you compare Fibonacci retracement the current retracement is only 0.382 there is more to go. Also the MACD is heading down again it never rose above the 0 line

Koogi

I think the price has found support at a new major tend line and will bounce back. The fibonaccci retracement looks good. The MACD is starting to trend up. The long term trend is up and my opinion is just keep buying the dips. Buy and hold and lock in profits before the next drop. Notice how the trend line broke in the previous rise I should have sold then but...

Koogi

Is it time to short bitcoin? I believe it is a long term bullish trend but we are due a consolidation could this be it. Just be sure to catch the bounce before it turns around and screams higher. Not everyone is talking about bitcoin yet so there is a lot of players still to enter the market. I'm from Ireland and I have not heard it mentioned once in the news....