davec83

davec83 Updated 

Self explanatory chart, gold should retrace a bit and re-test support, and it should go up from there, I'm waiting for that to happen and for gold to bounce off support. That's my entry point. a stop loss can be set right below the entry after the bounce off support.

davec83 Updated 

We are at support, this is might be a good, low risk long opportunity. Not a signal, just my own trade idea. Trade at your own risk!

davec83

I'm bullish on Qtum. This is MY trade idea, and I'm sharing this with you. Qtum had a correction that wiped over 90% of value. Things are starting to change, we are now seeing how the supply is being absorbed at the "value zone". Panic selling has stopped abruptly, and instead of lower prices, we see a significant increase in demand. Less supply leads to higher...

davec83 Updated 

Stratis looks very good right now, good accumulation, good value point and now we have demand coming in. I'm not in this trade yet, I will try to get it a little lower as it re-tests support AND it reverses, I will only buy if that happens, which should be around ~2500 sats. If entry 1 fails, entry 2 would be a good, low risk entry. This is just my opinion and...

davec83

LTC just exhibited a shakeout, which in my opinion indicates the beginning of a new bull run. This will only happen IF BTC doesn't crash any further, as BTC dictates how the crypto market moves.

davec83 Updated 

The bull run was short lived and BTC is back inside the key downtrend. This chart is a "long" shot, and not a trading idea. This is simply based on levels of support and bitcoin's past volatility to the downside. If btc continues moving as it has done, it might reach prices lower than $5000. Key support levels are $6800, $6400, $6000, $5800 and if this breaks,...

davec83

Chart is clear. I would only consider an entry once the downtrend is crossed. In my opinion this should occur soon as we are nearing the apex of both downtrends and we are reaching key levels of support.

davec83

Here's another good R/R alt. Use a SL a few % below support, enter on the reversal. The chart will be very clear by then. Easy Peasy.

davec83 Updated 

We are near strong support, this is a coin that has been accumulating for a while and that you can easily reduce the risk by simply putting a stop loss right below support. Very good R/R opportunity.

davec83

ETH is looking weak ( more like free-falling :D ) against BTC and has yet to find support. But I believe we are getting close to finding a turning point. If BTC crosses $8,000 and more money flows into crypto currencies, ETH could turn around real fast at or near one of the marked levels of support (blue dashed lines on the left chart). Thanks to BTC, the USD...

davec83 Updated 

BTC seems to have reached an accumulation zone, with price action that behaves similarly to that of early April. This range could last from several days to a few weeks. For this range to be valid, bitcoin should stay within $5900 - $6700 before breaking either upwards (70-80% chance) or downwards (20%-30%). #1 is our first POI (point of interest). Bitcoin...

davec83 Updated 

C&H Entry: 67,000-75,000 SL: < 63,000 TP1: 84,000 TP2: 100,050 TP3: 108,000 Not trading advice. Thumbs up if you agree!

davec83 Updated 

Bitcoin dropped more than I expected (my low was $6800), but we are still seeing higher lows. Volume is weak, but since the shorter term trend is bearish, this could simply be due to supply drying up. What I see here is a buffer zone instead of a trend line, this zone has been respected for well over 6 months. Staying above or inside this zone would be bullish....

davec83 Updated 

We have 2 major trend lines, one at around $7400 (green) that is currently holding price action and the other one around $6800 (pink), I'm not trading bitcoin until there is a reversal confirmation, but the zone between these two trend lines seems like a probable bounce area. As far as a target goes, we have resistance around $8,000 if we cross that, then $9,000...

davec83 Updated 

In my opinion, bitcoin is going to follow the path along the trendline, this would put bitcoin touching 7300s to 7400s. I would not trade bitcoin until a reversal is confirmed, but I believe this is a potential point for a nice bounce. If the green trend line doesn't hold, then we will likely see 6000s and a possible mid to long term bear market

davec83 Updated 

Powr seems to be forming a "handle" as it touches the trendline. This could be a good trade R-to-R wise. Entry: 5500-5900 *BUT ONLY ENTER IF THERE IS A GREEN CANDLE ON THE DAILY CHART AROUND THIS AREA* SL: < 5260 TP1: 6990 TP2: 8200 TP3: 9500 Thumbs up if you agree! Not intended as trading advice. This is my own trading journal. I use a stop loss when I...

davec83 Updated 

Po.et clear trading setup, ascending triangle patter. Chart is clear. Entry: after breakout above 630 (OR around 580 IF it fails to breakout) TP1: 795 TP2: 899 TP3: 1002 Thumbs up if you agree! * Not intended as trading advice.

davec83

LTC is still accumulating but it seems to be getting ready to go on a bull run fairly soon. It's important to keep in mind that a "spring" might happen (explained on the chart), if this happens, don't trade it while it's going down - trade it on the reversal as long as there is enough momentum to the upside. As always, this is not intended as trading advice. Use...