coinselor

coinselor

Celer Network set out a new 42-day high and is trying to break out from a well established trading range. Volatility is still pretty low and trade is offering a very realizable 1:3+ long trade. It is also possible to wait for a lower intraday wick and improve risk-reward. However, I always advise against buying dips during trend-following type trades. We want to...

coinselor

As it is the theme with most micro caps I've analyzed, we see a long-term rounding bottom and a significant breakout. In this case it was a 90-day breakout. Trying to snipe a buy near the red line will give a very likely 1:3+ trade. If willing to hold for a longer period, a 1 to 8 risk-reward ratio can be achieved. HUOBI:REQBTC Market Cap: $10,710,885 USD 1,284 BTC

coinselor

A lot of micro caps are breaking out with new significant daily highs. AMP formed a clear rounding bottom on the weekly. It is currently retracing from a new 63-day high. At this time, there isn't a good trade opportunity given risk-reward considerations. Volatility is way too high. Waiting for an intraday consolidation near S/R red line to reassess a setup. ...

coinselor

There are a lot of coins to keep track of and somehow I missed this one completely. I'm not going to enter right now because I really like that target and it wouldn't be worth it in terms of risk-reward vs holding time. Hope you were paying more attention than me. BINANCE:ZRXBTC Market Cap: $160,108,496 USD 18,689 BTC

coinselor

While high/mid caps are retracing/breathing, micro caps are still on the move. Memetic is forming another green candle setting a new 85-day high. A long position can be entered right now with a greater than 1:3 risk-reward ratio. Support below red line is particularly strong, offering a lot of protection for our stops. BITTREX:MEMEBTC Market Cap : $362,875 USD 42 BTC

coinselor

Decided to execute this ETHUSD scalp on the basis of a critical S/R level in the BTCUSD chart and the clear double top inside this trading range. Additionally, we are positioning ourselves with the bearish weekly momentum. Finally, there is a clear daily bearish divergence acting as confluence.

coinselor Updated 

I usually ignore hidden divergences when a trade setup is good. However, this an interesting exception. The previous swing high that forms the divergence is at a critical S/R level (Red Line). See, I do not draw my S/R lines the traditional way -by looking at price action alone-, I also take into account market volatility. Thus, when the hidden divergence is...

coinselor

Miota printed yesterday a new 88-day high after forming a beautifully clear W bottom. Breakout volume was 3x the average. Even though the price picture is very clear, the trade proposition isn't that great. For instance, there are a lot of better risk-reward ratios being offered by other alts and daily momentum has been slowing down consistently. Will keep an...

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Similarly to other alts, Tron offers the same trend-following proposition. In this case, we would enter the trade on a new 47-day high by buying strength. Additionally, the R:R proposition compared to other alts is much more favorable and the volatility allows us to place the stop comfortably below a significant level of support. Remember that a sound risk...

coinselor

MCO has been forminga reversal formation after a downtrend in the form of an ascending triangle for about 2 months. A breakout above the 0.000374 level would confirm the formation. Significant resistance is not that far away. Once we break above the triangle, I will analyze market volatility and momentum to determine the risk-reward ratio being offered by the trade.

coinselor

Alts look good, Bitcoin looks bad. This is how I am playing this pair out: 1) If Bitcoin rallies from here, I will be looking to short both BTCUSD and ETHUSD. 2) if Bitcoin drops from here, I'll be looking to long a wick inside the box.

coinselor

This is a beautiful trade setup. We are at a new 84-day high after forming and breaking out from a round (weekly) bottom. Volatility is still reasonable, allowing a beautiful stop placement right below the breakout level. Keep in mind this is a trade that fits a trend-following strategy. Thus, we are looking to buy after price shows strength and forms a new high...

coinselor

Simple idea. There is a huge technical and psychological level at 0.00000020 that we can use as support for our stop loss. Entry trigger would be a new high at 0.00000027 The shittier the coin, the hardest the pump.

coinselor

Even though I have reached the limit of alt exposure in my portfolio, I never stop looking for trade ideas. Routinely following price action of any and all cryptocurrencies available helps me sharpen my ability to read a price chart. Eventually, a lot of the information will be processed subconsciously when looking at a chart and better decisions and trades will...

coinselor

We are getting close to that area where holding a BTC short makes significantly less and less sense. However, I will still try to hold my short until the 6.8K area. When managing an open trade, it is very important to keep an eye on the evolving risk:reward ratio. Frequently, price action will dictate that keeping the full position makes absolutely no sense from a...

coinselor

I honestly don't see this chart pattern playing out, but if it does I expect a 65-85% drop . If we get to the red line, the most likely scenario is a bounce/consolidation near that support area . Good luck to all XMR holders, god bless you all.

coinselor

Do I really need a description for this? Self explanatory. These are a few of the requirements for a rounding bottom: Prior established downtrend A clear level of resistance Rounding price action High time frame Equal length between decline and incline

coinselor Updated 

In my view, there is nothing fundamentally important about a candle closing above or below a certain price. Yet, I still regularly use a candle close or open to describe a trading idea, and for good reason. To start with, most people clearly understand what I mean if I say something like 'If the weekly candle closes above 8100...' but the significance of a weekly...