Get started

AVAXBTC

Avalanche (AVAXUSDT/AVAXBTC) Long&Short Trade Setups 2021/03/05Long Trade Setup #1: False Breakdown 1. Price Action: Price breaks below the then rapidly climbs above 0.00050000, forming a bear trap 2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming Short Trade Setup #1: Retest and Continuation (200MAs) 1. Price Action: Price needs to move back up to the 200MAs, currently projected to be @ 0.00055500 by the time price reaches it, and bounce back down. 2. Trade Entry Confirmations: Bearish candlestick pattern, above average volume, MACD topping out DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
by cryptotraderog
Looking to Buy Back Into AltcoinsThe market is definitely at a point where profits are being taken from altcoins that had significant runs. This is a time to look to buy back in on some good looking fib levels. Ethereum is currently performing very well, and Bitcoin is very likely to follow suit. This will further drive down the prices of such altcoins vs. BTC. We are still within a bull market, so we should be looking for entries that have good risk to reward ratios. On AVAX, I believe that the 0.786 of this Fib retracement is a good point. It coincides with a historically significant price level, and we can expect some type of bounce from that level. The 0.618 is also a point where we are likely to see a bounce. Putting in a buy order at the 0.786 is safer, but you can also trade off of the 0.618 and take some profits out of that position immediately if there is a bounce to the 0.50.
Long
by StayHydrated1
1
AVALANCHE potencial breaking out the downtrend. Short-term|| Avalanche is one of the latest projects listed on the Binance stock exchange. It is a relatively short graph that we can watch for less than 2 months. It is a project that works, among other things, to create a platform for applications of Decentralized Finance, financial assets, trading and others. 👌🏻I like that the structure behaves traditionally, as after listing on the stock exchange and after the initial hypepump, there was a gradual correction, which had a natural course with retracement and maintained accelerated down-trend. In the graph I follow a large bullish AB = CD pattern, the structure of which is nice except for a few negligible wicks. It is also possible to see a multiple reflection from the PRZ, around which a consolidation structure has formed. 👍🏻I do not primarily focus on the setup resulting from the pattern, but rather it indicates to me the potential end of the downtrend and the possible finding of a market price. I like the breakout of the accelerated down-trend, which occurred a few hours ago. The volume is not ideal yet, but the last 4H has increased. Daily MACD + Histogram in the predominance of bulls. RSI at the bottom of the neutral zone after rebounding from the oversold zone after bullish divergences. We primarily monitor Targets after the primary downward trend. The chart offers a decent RRR.
Long
by Tradify_Seb