mdcieri37

mdcieri37

XTZ appears to be in the midst of a healthy pullback to the uptrend line created over the past month. On the daily, price has just closed above the local downtrend line of the consolidation pattern which suggests that price will, at a minimum, attempt to re test the $5.40 - 5.50 dollar range before likely continuing upwards. Further support for a future breakout...

mdcieri37

I'm a big believer in the simple stuff. In my experience simple TA, time and time again, has outperformed the times I've taken a more complicated approach. I've learned that all I need to make an educated decision as to whether to enter, exit, or sit on the side lines is the basic stuff; Volume analysis, basic support & resistance principles and the basic chart...

mdcieri37

Today I will be sharing my analysis of the DOTUSD pair and where I think price action is headed. Past After a nice run up to just shy of the $7.00 mark, price made sharp pullback to the .786 fib level. This is a little deeper pullback than I would like to see, however, price quickly rebounded off of this level and consolidated right above .618, before...

mdcieri37

Possible long opportunity playing out as Tezos just broke though some serious resistance. Keep a look out for a false breakout. If price falls below $3.35 then I think we will be headed down (Bearish Scenario) to retest the $3.00 level. I'm strongly leaning bullish on this one, but will wait for for the daily close before entering a trade.

mdcieri37

We saw a nice bounce off of the $360 support level today. From my perspective, as long as we see a weekly close above this level ( 2 days left), we will have a high probability of continued upward movement. Much more on the chart - Let me know your thoughts! Do you agree with my analysis?

mdcieri37

Great opportunity presenting itself on the weekly - see chart for details!

mdcieri37

If we see a breakdown of the 20 period simple MA, then we will likely fall to the $2.10 support level, where there is multiple support levels converging.

mdcieri37

After a nice push up to $2.35, we are amidst an expected pullback. LINK has traded within nice structure in the past, and I believe that it will continue to do so into 2020. With that considered, where are we going from here? A) Price will retest the $2.00 support zone before we see another retest of the $2.35 resistance (Option A). B) Price will continue...

mdcieri37

Reasons for open position. 1. Recent pump was unable to close above significant resistance @ $7400. 2. Consolidation significantly below recent high. This analysis is invalid if a 1hr candle closes above $7400.

mdcieri37

Reasons for open position: 1. Bullish divergence on RSI forming on the daily time frame 2. Descending channel support converging with very significant horizontal support ($6,000) 3. decreasing bearish volume on recent downward impulse.

mdcieri37

EOS has been trying to break the down trend since the recent low on November 25th and is currently trading just below significant resistance. There has been a few unsuccessful attempts in the past week to break this level, however, sellers have failed to make new lows; longs have been able to maintain the upward movement (dashed yellow trend line). More...

mdcieri37

Great set up for nice swing trade! Anyone taking this trade?

mdcieri37

For those who were following my last LINK/USD trade I ended up buying the dip @ $2.57 and selling @ $2.76 for a nice %7 trade. Nothing ground breaking, but a nice trade that got me closer to my goals. Anyway, I'm thinking we have another opportunity to make some nice profits. Currently, we are trading inside a relatively large bullish triangle. I anticipate...

mdcieri37 Updated 

Trade criteria: - Significant bearish divergence - Retest of support in uptrend - Trend line converges with horizontal support - Correction after major pump What do you guys think of this trade? Let me know your thoughts in the comments!

mdcieri37

This analysis will take a look at yesterday’s price action, what it tells us about the market and, most importantly, where we can expect price to go from here. Yesterday we saw a very impressive pump to the upside, after what many thought to be a total collapse earlier in the week. While a upside push to retest previous support (around 7.8k – 8k) was expected, a...

mdcieri37

Short Term analysis and full trade below: Over the last day price has been getting squeezed inside a small symmetrical triangle, that I believe will break to the upside, creating a correcting wave up to 9k. While it's possible this breaks to the downside and we continue lower without any substantial correction, this is the less likely scenario. There is bullish...

mdcieri37

Reason for open position: 1. Buy area on support of upward channel. After hitting the top of the channel today, there is a high probability there will be a retest of the support level. 2. Short term Elliot wave cycle correction. 3. Channel support directly on top of EMA 50. 4. Channel support directly on top of .382 Fib level

mdcieri37

High probability trade: Open position @ $9,536.59 Close position @ $9,119.81 The EMA 100 was lost on the daily as well as the pivotal support level of $9,536.59. Zooming into the 4-hour time frame, we can see this support level now holding as resistance as it was tested multiple times during consolidation, with price unable to move upwards. I’m expecting price...