I don't like to get too crazy with indicators, in my opinion it superfluous and ultimately provides more confusion than clarity. I like to stick with 1,2,3 bottom formations and use the fib tool to project possible movements. Indicated is the 1,2,3, bottom forming in the price, where the break out would need to be above the '2'. My Trade: ONLY IF the price breaks...
Looks like bitcoin may be turning around after a bear trend for the last month or so. 1,2,3 bottom formation is getting set up which is a bullish signal. If the price breaks above the green downward trend line, I expect the price to rise and hit resistance at 12800 or so. If the price passes this resistance, a continuing bull run may ensue. Lots of conditions...
Doesn't take fancy indicators and hours of analysis to see this highly probable trade. There's growing upward pressure as shown with the higher bottoms along the green trend line . But the pressure is getting squeezed in by the resistance at around 6000-6100 sats 0.93% , (the blue line). Strong incoming fundamentals include; the release of 2nd version of...
Good time to buy clams at <70k satoshis. Ascending triangle is crushing the price which could lead to a light pop up. I've bought with sell orders layered at 80k & 84k sats.
I'm documenting this entry at ~5300 sats, (current price) with sell orders staggered 6900 & 7900. This may take a couple of days to get there or it may be a lot quicker.
A break through above 20k sats will likely send NAVcoin to 25k and possibly 29k sats. Low risk to buy a small position and layer sell orders at 50% 25k sats, 50% 29k sats.
Looks like BCH may be heading for a bull run. I'm setting buy orders for 0.105 and 0.116 (about 50% of total position at each of these places). Then will aim to sell 80% of my position at 0.146 with the remaining 20% being add to my long term holdings. Check out my Youtube channel for more tech analysis, (link in profile).
GNT/BTC has formed a 1,2,3, bottom formation in the 1 month view. Entry point would be at around 3400 sats - once it passes point 2, with confirmation of correct position and adding to it @ 3900 sats. The EMA is also crossing over, (40,60 period) which adds confidence. Not sure where best to close, but previous resistance indicates that possibly 4900 would be a...
The head and shoulders formation indicates that a sharp move downward may be imminent. I'll be shorting 1 BTC holding in hopes of increasing bag size at indicated points.
If BCH drops beneath 0.0800 it's hopes of remaining a high market cap coin will crash and burn. Setting some conditional short orders at ~0.07950.
Analyzing the fanned trend lines, I'm calling that ETH will move in an upward direction and touch the PURPLE trend line before deciding to decline further or break through. I'm calling a trade BUY @ 0.0700 Take profit @ 0.07400. Stop loss @ 0.067500
Watch clams closely, if price passes 235000 sats, it may moon.
There's a wedge forming from 2 colliding trend lines that may look like Komodo could go either way. But despite others pumping this coin, I'm inclined to tip a downward push. Even if the price breaks through the down trend line, (PINK line) it's going to hit more resistance at ~52k sats. It's more likely that it'll break through the up trend, (ORANGE line) and go...
If DOGE closes 25 sats or lower it may drop to 19-20 sats. Aim to sell now at 26/25 sats and place re-buy orders at 20, 19, 18 sats to increase bag size.
Looks like support may break around the .112 mark. If 4HR closes under that, prepare for a drop to .100 or possibly .095
If BCH closes lower than .112 BTC on the 4 hour, it will likely fall to .100 and as low as 0.095.
Looks like MaidSafe will likely continue the downward trend after a hiccup back to the .50 on the fib retracement. I'm placing some sell orders at ~11800 sats & closing around 10600 sats.
LBRY might be heading further south as the down trend continues, breaking resistance once at 5300 sats while pressure mounts for a 2nd break. If this second breakthrough happens downwards of 5300 sats, my bet is that it'll continue to drop further in coming days going as low as 4800 sats, possibly lower.