I have just closed my long position and entered short. We have had a lower low set followed by a double top, I entered on the next lower high on 15min TF for ADA.
BTC showing bearish patterns ADA following but reacting larger. Lower low set, followed by double top now a lower high set too.
A good entry on BTC would be where marked for and equilibrium or correction play, I feel as though I may have missed it with BTC so I jumped on ADA as it was late to move.
Another good short term long position, I am setup to scale out of this one as I am not sure on how far this can push.
Awaiting BTC breakout but a good entry point with Risk v Reward as low as it gets right now.
Good spot to enter on ADA equilibrium awaiting BTC breakout. Not speculating on the direction of the break however this is good risk v reward entry point.
Good Risk v Reward for entry even if it is just with in the equilibrium.
Be aware of false breakouts, if there is no volume backing it up start looking the other way. Chances are the volume will follow BTC so if we have bullish break without BTC, there will be a high probability of a bearish back lash.
Hi all, Due to current divergence and RSI being below 30 on 4hr TF I'm expecting a small bounce and consolidation before continuing down to the previous double bottom. Good risk to reward at marked point regardless
I'm very late to check out DASH only just hearing about it this morning. When looking if I was going to make a bullish entry this pattern is too prominent to ignore with the drop off of volume.
Currently in a healthy down trend on the 1h TF proceeding a confirmed H&S pattern. Will be watching to see if it finds support and bounces or breaks bearish and furthers down to look for 4hr higher low.
Recently broke bearish on the 50MA now looking for 1 hour back test of this Moving Average In a healthy down trend at the moment with a healthy amount of selling and with the volume dropping off and the range tightening on the weekly TF a lot less volatility. Horizontals marking Support and resistance.
Good evening all, We have a clear equilibrium on 15min to 1hr time frames, ready to break anytime now. If playing the pattern and expecting bullish break now would be my entry with stop loss below 7186.90. I am expecting bearish as I exited at 7294.70 with stop buy above 7335.30. Horizontals marking support and resistance either way.
Double top Lower high Oversold RSIs on 4hr and 1hr We are in an equilibrium on the 15min ATM however with this playing out on 1h/4h time frames the break is likely to be bearish. Expecting a correction above >6800 and <6900
Large Dump followed by consolidation. Increasing vol on the dump, decreasing on the consolidation. Expecting a break into the 5k area on break of this pattern.
I find these two indicators very accurate for long term trend analysis. The weekly '20 Close BB' has been very good for following trend changes on the daily. The 50MA has been support 4 times before and now we have broken bearish we are at the back test stage to confirm if it is now resistance. So far we are rejecting from the 50MA however bear volume (follow...
Decreasing vol, lower highs and higher lows. 4h and 1h RSI hovering around 50. Expecting break when 1d 20MA touches.
So have had a nice bounce play out on the 1h however the volume is still decreasing, this has resulted in divergence. If you had not entered within the first 30mins you have probably missed the boat on this move. I am waiting for the next leg down before entering, this puts BTC and ADA in very nice positions on 1h, 4h and 1d TFs.