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Algotrading

Still accumulating at the bottom Btc is still accumulating at the bottom of the trading range. We are seeing both accumulating and distributing behavior online. The fact that almost everybody are bearish makes me bullish. I still se Btc go higher this quarter but all traders should have their stops in place. We touched the atr trendline and the range is narrowing in which means we will soon see some action. The shorts are aggressive and I think they will be punished. I’m not trading this but I did add to my hodl portfolio.
Long
by TheHeikinAshitrader
1
ALGO/USDT- Direction: Bullish - Pattern type: Continuation - A bullflag can occur within the context of a longer uptrend and following a steep upward move. Following this steep move the pattern the forms a short horizontal OR downward sloping channel shaped like a flag. In the stock market de flag portion of the pattern shouldnt last longer than 3-4 weeks on a 1D chart. But since cryptomarkets move much faster the pattern could still show strength and be valid. - Important support - Potential bullflag - Need volume for breakout - Volume diminishing troughout pattern - DEC 24th good entry; 1. RSI crossed SMA on 21st/22nd of december 2. MACD crossing upwards with first green candle in histogram 3. Volume slightly increasing while bulls are winning 4. Bollinger band was crossed + 4 candles, then wait for confirmation from RSI, MACD, and Volume - RSI is getting supprt from SMA14 - Still potential bullflag - Nice retest for support $1.45 zone - If the volume can keep increasing up until above average with, a close above the upper descending trendline drawn across the highs, this would be a confirmation of the breakout. - To set the target you'd have to measure the price movement of the previous steep move that led to the flag and then add that amount to the current price at breakout. EMA's: The last significant cross was EMA9 crossing all of the others (50, 100 and 200) downwards while the EMA50 gave a false signal, seemed to cross the EMA100 downwards but then immediatly turned around and crossing EMA100 upwards right after. EMA9 has also crossed als of the others upwards now. next step would be the EMA50 confirming the 100 cross upwards. After that we should see al the EMA's change direction into an uptrend and providing support for the trend continuation.
Long
by AnitaDollar
Still oversold but building a base. BTC is still building a base around the 47k. Notice how RSI is still oversold and I'm waiting for my main trend indicators to turn blue. When confirmed blue I will set a SL under the swing low and expecting a pretty big move upwards. There is still a possibility for a retest of 42k but let's see..I'm ready and will shift from short to long at the change of trend. ' Last year I made 200 % being in the market all the time riding the colors. I don't worry about getting in and out anymore...it works. You just have to be patient.
by TheHeikinAshitrader
Algo going back to 1$ ?BINANCE:ALGOUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets ➡️Test fundamental price 1$ and global support trend line ➡️ Retest on D1 downtrend fib line ➡️ Retest 0.23 level FIB to make a continuation move UP ➡️ After retest target by end of Bull Run 5.52$ ➡️Pattern since 2019 cup and handle already played. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
by Crypto4light