GRTUSDT - Keep A Close Eye On These 2 AreasGRT is currently in a downtrend but we may be seeing a reversal soon. Watch for a breakout of the descending trendline. We could possibly go down further to the 0.23 level where we have previous structure.
Altsignals
LITECOIN - A 200% Move Coming!From the chart you can clearly see the different phases of the market - Impulsive & corrective phases. We've seen several bullish corrections this year and we look to be in another one. This pattern is almost identical to the one we had in January 2021 which ended up topping off at 205% increase from the breakout!
We could be in a very similar situation here. Pay a close attention to when price breaks out of the wedge!
LITECOIN - A 200% Move Coming!From the chart you can clearly see the different phases of the market - Impulsive & corrective phases. We've seen several bullish corrections this year and we look to be in another one. This pattern is almost identical to the one we had in January 2021 which ended up topping off at 205% increase from the breakout!
We could be in a very similar situation here. Pay a close attention to when price breaks out of the wedge!
XRP - Breakout Needed!Ripple has been really boring as of late with not much happening. We are now at a very critical time where we can see price being squeezed within a flat triangle pattern. We'll be watching for a breakout in either direction to tell us what the next move is going to be and then follow the short term trend to either side of the parallel channel.
Once we see a breakout, we can look for entry opportunities such as flags, retests etc.
XRP - Breakout Needed!Ripple has been really boring as of late with not much happening. We are now at a very critical time where we can see price being squeezed within a flat triangle pattern. We'll be watching for a breakout in either direction to tell us what the next move is going to be and then follow the short term trend to either side of the parallel channel.
Once we see a breakout, we can look for entry opportunities such as flags, retests etc.
ChainLink - Falling... Wedge.LINKUSDT is giving us a really nice pattern where we can look for both shorts and longs. For short, we are anticipating price to go down to the double bottom region atleast to complete the falling wedge pattern. For Longs, we're waiting for a break of the wedge pattern and we'll look to get in on the first correction.
ChainLink - Falling... Wedge.LINKUSDT is giving us a really nice pattern where we can look for both shorts and longs. For short, we are anticipating price to go down to the double bottom region atleast to complete the falling wedge pattern. For Longs, we're waiting for a break of the wedge pattern and we'll look to get in on the first correction.
US30 - Another 30% Drop??After the massive drop during the pandemic in March 2020, US30 managed to recover all of its loss and managed to create new highs. We are now at a significant level now where price can either continue pushing higher or we could turn bearish . It's important to note that the FED announcement is today which will have a big impact .
Keep a close eye on the the 34100 level and if we make a clean break below, we can be bearish on US30. If not, we will continue to buy.
US30 - Another 30% Drop??After the massive drop during the pandemic in March 2020, US30 managed to recover all of its loss and managed to create new highs. We are now at a significant level now where price can either continue pushing higher or we could turn bearish. It's important to note that the FED announcement is today which will have a big impact.
Keep a close eye on the the 34100 level and if we make a clean break below, we can be bearish on US30. If not, we will continue to buy.
Bitcoin Cash - Approaching Pivotal Point - Do Not Miss!BCH is approaching a key area where we will find out if we're still continuing to be bearish or if we'll have some sort of reversal. The key are to focus on is the 450-500 area where we have a recent bottom.
If price action shows bullish pressure, we can find entry reasons such a break of the wedge pattern.
Bitcoin Cash - Approaching Pivotal Point - Do Not Miss!BCH is approaching a key area where we will find out if we're still continuing to be bearish or if we'll have some sort of reversal. The key are to focus on is the 450-500 area where we have a recent bottom.
If price action shows bullish pressure, we can find entry reasons such a break of the wedge pattern.
SHIB - Breakout Scalp!In our last analysis of SHIBUSDT, we were waiting for the breakout of the descending channel. Price dumped a little before breaking out. This is why it's really important to wait for confirmation via a breakout. Price pushed up 57% from the breakout!
We now have another bullish correction and we will be waiting for a breakout to gain another entry!
SHIB - Breakout Scalp!In our last analysis of SHIBUSDT, we were waiting for the breakout of the descending channel. Price dumped a little before breaking out. This is why it's really important to wait for confirmation via a breakout. Price pushed up 57% from the breakout!
We now have another bullish correction and we will be waiting for a breakout to gain another entry!
DOGECOIN - SCALP LONGDogecoin recently broke out of the bullish channel and now we can see a smaller correction which we anticipate would move up. Waiting for the break of the correction to enter with stops below the correction.
See chart update for higher timeframe analysis.
DOGECOIN - SCALP LONGDogecoin recently broke out of the bullish channel and now we can see a smaller correction which we anticipate would move up. Waiting for the break of the correction to enter with stops below the correction.
See chart update for higher timeframe analysis.
EDUCATION - Rising & Falling Wedges - Reversal PatternsWhat is an ascending/descending correction?
The most common reversal pattern is the rising and falling wedge, which typically occurs at the end of a trend. The pattern consists of two trendiness which contract price leading to an apex and then a breakout appears.
Rising Wedge – Bearish Reversal
The ascending reversal pattern is the rising wedge which consists of higher highs and higher lows whilst losing momentum to the upside. Price contracts and eventually has a bearish break.
Falling Wedge – Bullish Reversal
The falling wedge reversal pattern occurs at the end bear run and indicates that price is ready to reverse. Again, price contracts and then eventually breaks out upwards.
There are 2 types of ways we can trade wedge patterns; Risky Entry & Safe Entry. See below for the pros and cons for both and how to enter them
__________________________________________________________________
Risk Entry:
The reason why it is called a risk entry is because we haven't got many confirmations apart from the third touch of the trendline (as indicated in the chart above). Price may have the potential to go past the trendline for a deeper correction before moving up hence why this is called a risk entry. Whereas for the safe entry, the confirmation would be the break of the wedge.
How to trade using Risk Entry:
Wait for price to bounce off the trendline and then enter with stops below/above the correction depending on whether it’s a rising wedge or falling wedge.
One of the advantages of doing a risk entry is that we can have small stop loss and have a great risk:reward ratio. Also, we can gain an entry at the start of the move and have massive gains!
Safe Entry:
Safe entry requires more than one confluence and requires confirmation. One of the confirmations of the safe entry is the third touch bounce and then another confirmation is when price breaks the correction which confirms that the structure has changed and that we are in a reversal.
How to trade using Safe Entry:
For a safe entry, enter when price has broken the correction with stops above/below the correction. Please note that with this entry method, the stoploss will be greater.
The disadvantage to using a safe entry is that we require a bigger stop loss which makes the risk:reward ratio not as great as the risk entry. However, the probability of the trade succeeding is higher.
RISING WEDGE EXAMPLES
RISK ENTRY
SAFE ENTRY
FALLING WEDGE EXAMPLES
RISK ENTRY
SAFE ENTRY
EDUCATION - Rising & Falling Wedges - Reversal PatternsWhat is an ascending/descending correction?
The most common reversal pattern is the rising and falling wedge, which typically occurs at the end of a trend. The pattern consists of two trendiness which contract price leading to an apex and then a breakout appears.
Rising Wedge – Bearish Reversal
The ascending reversal pattern is the rising wedge which consists of higher highs and higher lows whilst losing momentum to the upside. Price contracts and eventually has a bearish break.
Falling Wedge – Bullish Reversal
The falling wedge reversal pattern occurs at the end bear run and indicates that price is ready to reverse. Again, price contracts and then eventually breaks out upwards.
There are 2 types of ways we can trade wedge patterns; Risky Entry & Safe Entry. See below for the pros and cons for both and how to enter them
__________________________________________________________________
Risk Entry:
The reason why it is called a risk entry is because we haven't got many confirmations apart from the third touch of the trendline (as indicated in the chart above). Price may have the potential to go past the trendline for a deeper correction before moving up hence why this is called a risk entry. Whereas for the safe entry, the confirmation would be the break of the wedge.
How to trade using Risk Entry:
Wait for price to bounce off the trendline and then enter with stops below/above the correction depending on whether it’s a rising wedge or falling wedge.
One of the advantages of doing a risk entry is that we can have small stop loss and have a great risk:reward ratio. Also, we can gain an entry at the start of the move and have massive gains!
Safe Entry:
Safe entry requires more than one confluence and requires confirmation. One of the confirmations of the safe entry is the third touch bounce and then another confirmation is when price breaks the correction which confirms that the structure has changed and that we are in a reversal.
How to trade using Safe Entry:
For a safe entry, enter when price has broken the correction with stops above/below the correction. Please note that with this entry method, the stoploss will be greater.
The disadvantage to using a safe entry is that we require a bigger stop loss which makes the risk:reward ratio not as great as the risk entry. However, the probability of the trade succeeding is higher.
RISING WEDGE EXAMPLES
RISK ENTRY
SAFE ENTRY
FALLING WEDGE EXAMPLES
RISK ENTRY
SAFE ENTRY
BITCOIN - 30K First Target!Following our last analysis on Bitcoin, we were expecting price to continue to drop from the 38K level. We are still very much bearish on BTC until atleast 30K where we will check to see how price reacts.
Currently looking for bear flags to take this down further!
BITCOIN - 30K First Target!Following our last analysis on Bitcoin , we were expecting price to continue to drop from the 38K level. We are still very much bearish on BTC until atleast 30K where we will check to see how price reacts.
Currently looking for bear flags to take this down further!
💎 ALTS: Time to Put Money Into Top 100 Alt Coins🤑🤑🤑🤑🤑Hello Dear Traders,
In chart u can see tht money is flowing again in alt coins, After Accumulation at 800billion finally we can see rise in alts market cap.
Invest in only Top 100 Altcoins and sell once u see alts market cap reaching
Target 1: 1.02 Trillion
Target 2: 1.150 Trillion
USDCHF - History Repeating ItselfUSDCHF recently bounced off a double bottom area. We are now looking for buying opportunities such as bull flags and break and retests.
In early 2021, we had the perfect price action that took us up over 600pips. We are now looking for similar price action to take us back up!
Watch lower timeframe for bull flags.
Goodluck and trade safe!
1INCH - Inches Away From Double Bottom! 1inch has been really clean in terms of technical analysis. It has given us clear patterns and structures to work with.
After breaking out of the parallel channel, price retested the structure level within an ascending correction. We are now on our way back to the bottom where we can look for signs of reversal.
Keep a close eye on the double bottom level 1.7770.
BITCOIN - MAX PAIN IDEA! Bitcoin is currently in a correction and has the chance of breaking on either side. At the moment it looks likely that it will go lower! Buyers do not seem committed at this moment so there may be another drop!
Back to 22K-26K? Possible.
