Long

Updated

Doge bearish momentum gone.. waiting for some confirmations

main motive to open this trade at 0.36 was the bullish memntum seen here... RSI made higher lows will prive made lower lows.. on 4H chart which is a pretty guaranteed reversal.
As seen on chart, 20 EMA is support on 4H chart which is Great... histogram bar lines are still creating higher highs, showing that this bullish push isn't over yet.
The downside to this push is we had one just like it 0.043 to 0.047, then price got dumped.. so i'm still trying to figure out how far this push will take us before closing my trade..
with some fibbonaci and ema patterns, we can make sense of this push ...

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I believe we will follow this fractal before continuing our downtrend.
As seen below, 20 and 50 ema golden-crossed, afterwards, the price went up around another 3%.. then as bearish momentum started kicking in (as shown in histogram bar length in MACD- it started increasing-) the emas reversed into a death-cross, dropping price over 26% about 12 hours later...

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we are pretty much having the same scenario going on right now.. its more bullish this time, which makes sense, but we have to treat it as a fractal unless proven otherwise. IF historical RSI resistance is broken, i'll be more bullish. otherwise, same thing. RSI is pushing harder this time with less regression as seen from trend line.. but still.

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we also have the golden cross too.

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combination of fib retracement with rsi trend suggests a wick to 0.0415 on 1 Hour chart before reversal

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MOST IMPORTANTLY, we need to see how price reactes to 200 EMA on the daily chart.. as seen if this works as well as it is right now, we're green for a couple of days at least.

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even better, on 1 week TF, we're resting on 20 ema support, with historical support as seen from that circle on the left. AND, if we drop below that level, nect stop is 0.002..

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i can go on forever, most TFs send similar signals..
LONG STORY SHORT:
we are going up.
Target 1: 0.0041 (reached)
Target 2: 0.0047
STOP LOSS: not a number, but a series of confirmations mentioned above. alts go up and down with a lot of volatility, assigning a number to stop loss here is stupidity.
check confirmations above.
best of luck.

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sorry,
target 2 is 0.043.. which just got reached..
target 3: 0.0047

Trade closed: target reached

14% profit total. congrats.. waiting for other confirmations before reopening.. will keep you updated :D

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historical RSI resistance broken. waiting for break of 200 EMA on 1hr.. then hopping in again :D

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consolidation time.. bull flag on 1 hr and 15 min chart forming... RSI reversing upwards again.. we should be green

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Boom we're breaking it!

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would love to buy now, but i'd rather miss on the profits than get wicked down by 200 EMA and lose what i made!

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waiting for more confirmations..

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that's why you gotta have a steady foot! Even though a 1hr candle closed over 200 EMA which was my initial goal, and it looked like a breakout of the bull flag has aleady started happening, i told you guys its better to WAIT this one out.. and before you know it, a reversal and a drop back down to our heavy resistance points :)

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RSI dropped to historical resistance, price below 200EMA, and bull flag almost invalid.. i wouldn't buy again before AT LEAST i test how price behaves around 20 EMA (in red).. so yes, this should be our next stop!

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this is exactly the reaction i expected. probability of down-side is now increasing a lot..

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the idea is to wait till volatility drops as much as possible without breaking out, then buying and setting very tight stop-loss

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rsi still within triangle, and emas are squeezing price in between... statistically speaking we should break upwards, but its known that 200EMA has a stronger effect than 20EMA, that's why it might drop.. Im inclined towards a spike up though, because this chart says that price dropped below 200EMA yet sustained a very stable price action due to strong support from 20EMA.. as we can see, 20EMA is pushing price upwards, sort of forming a bullish ascending triangle... exciting developement!

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LAST CANDLE BEFORE DECIDING TO BUY OR SELL. STAY ON THE LOOKOUT

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tik tok..

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wow! talk about indecisiveness.. just pick a side already!

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the longer it takes, the higher the probability to drop is..

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congrats. we dropped. hope ya'll listened to me and didnt buy we dropped 11%.. get ready for another juicy scalp :0

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#bart_market

Trade active

momentum reversing.

Order cancelled

Actually, i think we can have a better entry.. this tome profit potential even bigger. but we gotta wait a bit more.

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optimum scenario: drop to 0.0033 then sideways till thursday, then squueze to 0.005

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there's a chance we rebound now, its increasing as we push up.. bad judgement on my part. missed on 3%

abdallah1234

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abdallah1234