fortunex

fortunex

(Check previous post for history) This trade's looking pretty good so far!

fortunex

Here's another 4 hour demand line. I noticed price down at the bottom of this zone (near the bottom of the wick) and decided to take a flyer and placed a market buy order at 13525 with an intent to sell at the next highest supply zone (same zone as previous posts). I decided to take some extra risk and place the stop loss lower than I usually would (below the...

fortunex

I picked this demand zone out to go long on Ripple. There's an obvious up-trend, to get in try to find a demand zone below current price. The zone can't be violated;meaning, price can't go past the zone and then rise again (that would mean the orders/demand there has already been traded). To check, drop down from current price to the price of demand, and move...

fortunex

See previous 2 posts. The supply zone is even present on the 15 minute time chart! When they all line up at the same price (nearly), there is a higher likelihood that price will return to this zone or reflect off it. There is still a chance, (probability is never certain) that price will NOT reflect, but blow through immediately. There is also a chance that it...

fortunex

See my previous post. This supply zone on the 1 hour has the same price line as the 4 hour chart.

fortunex

Please see my previous post, since my prediction was true. For reference, the text is quoted below. Price returned to the demand line and reflected high off my limit buy, yielding instant profit. The next part: when to sell? take immediate profit take profit at a higher price (at a supply zone!) in same time frame stay long and keep a stop loss For...

fortunex

The small candle with long wicks in between 2 big candles is the definition of a zone. Since the price line of the zone is lower than than current price, it's a demand zone. Demand zones are when the price is so low/high that enough buying interest is present to produce a higher likelihood of price increasing--similar to a line of support, but defined by price...

fortunex

Price just rallied off this fresh demand zone on the 15 min chart. Set a limit buy at demand to catch long wicks. The demand zone has a long barely penetrating wick, so it's strong and give bullish momentum. Because the all-time high has been tested 6 times so soon, I expect price to blow through within a few hours.

fortunex

$10k? Maybe... Just going to place this all-time high line right here and see what happens.....

fortunex

If you check the previous post, I recommended buying at this price level. As you can see, price dropped down and shot back up, so the buy would have been at the bottom of the pivot, exactly what we want. Right now, this is the lowest price level to buy in the trend of this small time frame formation.

fortunex

There's only so many times price can approach this level....

fortunex

9455 Strong demand level closest to current price that hasn't been violated by a stray candle wick.

fortunex

Limit buy at the previous all-time high $9600 might be a good idea.

fortunex

On the low time-frame 15 min chart, #BTC #bitcoin is holding within a small price range. The volume is also decelerating fast; the 20 SMA is higher than the Keltner channel on volume. After a great 24 hours, holders are staying put and not selling the farm. Consolidation will eventually produce a large swing in direction, so where we are right now will become...

fortunex

After an astronomical climb over the last 24 hours, BTC is still near it's all-time high right now. It's trading in this small range, before it reflected off an area of demand full of willing buyers. This demand zone included a previous all-time high, which we've seen is an odds enhancer to picking a pivot point. Notice that this all-time high level wouldn't be...

fortunex

Now that the new all-time high is well defined, here are price levels that correspond to new buy targets.

fortunex

...mostly to rebalance my investment, since I'm still mid and long-term bull on BTC. The limit sell is at the group of candles with a supply line that hasn't been tested yet. The plan to sell would be at profit targets (limit buys) that are at levels where the base is at the bottom of a strong moves north. If the limit sell never hits and price drops down,...