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Atombtclong

ATOM.BTC (Y20.P3.E2).Gems in the making. No.5Hi All, I have come across ATOM\COSMOS and have not payed enough attention to it, as it should and hence this post. (F chart) Continuing on with the Gem series base on my previous posts, basically calling out charts that over performed, given parabolic curves. Atom with its pairing has given us a beautiful structure it is which fits perfect into Corrective Wave triangle patterns, along with Bump and Run (BARR) strategy. Having said that, this structure is easy to read and the targets are easier than others to identify. Since its hit my 1st target (although I don't have Atom), Target 2 is clear and Target 3 as well, which has confluence with the BARR approach and fib extensions levels. Using the height descending, top declining, bottom flat triangle, Target 3 is deduced. How to trade this? BTC is still feeling out the 11500 range and its my opinion that it won't hold, and hence ATOM\BTC will do a pullback from its 1st target, to the described red line (chart below), maybe even lower. That's the time to enter and go long. Please give me a tick or like for this post. Cheers, S.Sari Overview of structure and targets: BTC pairing ATOM/USDT
Long
by ssari
1
ATOM.BTC(Y20.P3.E2).Breakout from Macro structureHi All, ~~~ a continuation from the previous post, link below ~~~ Another one I have had my eyes on but with all the things that were happening, I missed the bottom but how many trades can you take? Having said that, I missed out because I had others on the go and in some cases better trade setup. Having said that, today's list is shorter and this one stands out for going long. Observations: ================================================================ > On the daily, indicators are bullish (eg MACD where the macd line and signal are wide). > The macro structure is a of Descending (top declining, bottom flat or bottom rising and with a breakout (reversal structure) > 12 HRLY looks good with the indicators and candle sticks > 30 minutes we had 2 touches to retest the resistance line (chart below) which was the inverted barr target How to trade this? > wait for consolation below the current resistance line and look for a bullish candle on the 4 hrly or 8 hrly > refer to my 30 min chart with the 21/34 ema 30 min. chart > we had 2 touches to retest on the resistance line Please give me a like or tick for this post. Regards, S.Sari 8 HLRY chart with clearer overview DAILY chart > macd and WT indicators crossed over for bullish turn 4 HRLY chart, looking for another retouch and hence place your orders there PREVIOUS POST
Long
by ssari
ATOM.BTC and USDT (Y20.P3.E1). Waiting on the support levelHi All, (ref > A.Charts) COSMOS (ATOM.BTC) is looking easier than most charts to read and hence an opportunity. I have 2 possible scenarios\entrance points but for now, its heading down with clear downward pressure (based on a 2 Daily chart and its indicators). The chart basically demonstrates that its looking for the bottom, either double bottom or the bottom trend line. Similarly for ATOM. USDT pairing. We have 2 options or scenarios. Please give me a tick or like for this post. Regards, S.Sari
Long
by ssari
Bearish Accumulation on ATOMHello, traders. ATOM is forming a Bearish Accumulation pattern called a Bear flag. The target is the next important support level. A bear flag pattern is constructed by a descending trend or bearish trend, followed by a pause in the trend line or consolidation zone. The strong down move is also called the flagpole while the consolidation is also known as the flag. The bear flag pattern comes after a strong move downwards. The stronger the movement, the bigger the profit potential is. After we identify the market trend and the characteristics of an excellent bearish flag pattern, we need to wait for confirmation that the trend is about to resume. There are two basic approaches to enter the market with the bear flag pattern. Aggressive traders will enter at the top of the bearish flag as this will secure a little bit of more significant profits. Best regards. Sando and Gustavo.
Short
by MarketMinds
2
ATOM confirms larger structure to solidify trend reversalCosmos (ATOM) has been trending down since peaking in December 2019. After sliding into the RLZ and trading around the .786 on bullish MACD divergence. Price has now confirmed a smaller and this week a much larger bullish market structure to confirm a trend reversal. Dips in the event of Bitcoin volatility should be considered buying opportunities until further notice. Watch for price to trade up into the Gann 50/50 level later this month and potentially much higher, pending market conditions throughout the summer.
Long
by Randomtask555
2
BTC Pairs To watch out for in July(3-8weeks SPOT Trading ATOMBTCCatch the Cryptos In play before more dump from Bitcoin, because BTC falls always lead to the rise of most Altcoin BTC pairs shine shine. In July we will see coins pairs like ATOMBTC coming to alive and here is why... "Gartley" pattern from ATOMBTC daily chart. after an XA "swing" the B level was formed near 61% of XA. C swing was formed at 0.80 AB range. this "Gartley bearish pattern is completed when AB =CD is formed at D. I expect a retracement to the 0.000275 zone that will propel it to the expected Targets. (Obviously the on this analysis is based on a daily chart, so we should expect to take this on s SWING trade aspect as this might take longer time from take up to 4 - 12weeks to achieve a good profit on most BTC Pairs and this won't be any difference.) Thank you for Supporting MFT with your likes, Do follow us for more technical analysis updates.
Long
by MachiavelliTrader
2
ATOM/BTC TA Update (Bearish Pattern and RSI?)ATOM/BTC ATOM is on a bearish pattern, bearish RSI and currently right at the strongest resistance the 0.618 Fib. It is no longer safe to play the Long position at this stage especially since the price is already approaching the apex of the pattern which typically ready for breakout or reversal. If you are going to play Long, make sure you have tight stop-loss to prevent from massive drop if the Whales decided to reverse the market direction.
Short
by PolarHusk