Looking at the daily on the mft/btc pair, we can see price approaching a support zone that began the run up in late August. I have marked out the 0%,50%, and 100% levels of the range it has been playing in. The 50% and 100% zones are the targets for the trade. Stop loss would be soft, meaning I would manually exit the trade with a daily or 4 hour close below...
Info on the picture. Highlighting two scenarios that we could see after closing the weekly inside the June block. Doing my best to stay objective, no hopium. Let me know what you guys think the markets headed, always open if someone wants to bounce ideas around.
Each rally during this bear market has been suppressed by the previous rallies weekly orderblock. IF we can break above this weekly resistance then that will be pretty bullish
a coin that has been bullish while others have been dumoed to oblivion. Has tested the same support several times now, if we see a break this time the box could be a potential buy back. If you're bullish on binance long term, scooping some of this up when its cheap may not be a bad idea
Daily block should hold, think we could get some cheaper ADA, will have to wait and see. not a bad idea to start accumulating, but understand that there can still be significant downside. always keep some ammo ready
Short term play here for $BAT/BTC on binance. sitting on an order block that was support for the previous run up. Bullish divergence on lower timeframes, rsi breaking resistance and bouncing. take profit and stop listed on chart
No financial advice, just keeping myself accountable.
There are a couple things I see when looking at this chart. First, a potential double top or tweezer top on the daily. BTC failed to close above the .382. A pullback to 8100 occured and then a small bounce was had. Currently waiting to see if anything comes of it. A retrace to $7.7K would be a good spot to...
SUB/BTC on Binance with some decent profit potential here. Testing a bullish order block, uptrend lines still intact. .5 Fib level sitting on the bullish block. Volume picking up as well. All of these signs-----> Bullish
But!! Every trade has risk, and there are clear potential signs that this trade could go south...
1.) BTC/USD has been crazy with the Bart...
BINANCE:STRATBTC
da Strat man looking solid on the four hour With a nice bullish div. Zoom out to see how fkin bullish the daily looks. Expecting some solid short term gains, unsure if this will be its big pop.
Possible head and shoulders for lite coin. If this is the case we will see a lower low after the right shoulder, most likely htiing off the .5 fib level acting as resistance. A plunge to <$100 per $LTC would be imminent.
Inversely,
It seems that litecoin may have instead found a bottom, and indicates some signs of trend reversal. Higher lows over the week or...
[ BINANCE:WANBTC
Wan has pumped and consolidated nicely twice in a row now. Looking for continued consolidation until it breaks the trend lines. Potential short term swings until then, but ultimately Wan (And many other alts) will be dependent on BTC movement. Keep an eye on btc and look for volume spikes to indicate Wan Short term pump.
