BTC Magic 3 DROP inc.? Riding the Fan-Waves! Hey tradomaniacas,
it`s been a long time since I`ve published an idea for the cryptomarket because it seemed like Bitcoin`s biggest hobby is to destroy every TA-Idea we have in short-term.
Now I`m getting concerned about the current situation that shows more and more weakness and could head to the long expected drop towards 3.000,-!
Bitcoin likes to ride the FAN-Resistance-Levels, fails at the 200 Moving Avera and is not able to reate new highs.
The magic 3 rule is one of my favourite strategies to trade Breakouts in the Forex / Stock-market.
Does that work with Bitcoin aswell? We will see.
Just wanted to share my worries / or good chances for a nice short momentum?
Stay cool, don`t panic and have a plan for all scenarios. ;-)
Cheers and good trades
Irasor
Bitcoi
When rebuy NLG? The answer is inside.Hey guys!
I have made a lot of analyses on NLGBTC which showed the upside potential, however, none of them came out to be right.
But then again, I have also given a clear stoploss! If you would had followed my idea, you would hadlost 10%, but you will now be able to buy 30% more NLG! But wait...
Should you buy now, or should you wait?
In general, the entire alt market is on hold and making space for Bitcoin to grow. So I will not buy yet. I will buy when:
1. A good moment to buy would be when NLG bounces off the first support trendline. (The upper yellow line). However, if this happens before we have crossed the blue line, then I would not buy.
2. If the yellow trendline breaks, a really good buy would be anywhere around 520. It has a major support on this level, and it gets additional strength from the long term support trendline. This is what I am waiting for now.
In both scenario's I will have a stop loss under 420. I do not expect it to go below, but if it does, it will go down another 25%.
Targets are basically all the lines that are above.
I have sold all my NLG at an average of 976 sat. I am planning on buying according to these two factors. Buying at 500-600 nearly doubles the NLG I had before!
I will keep you updated if anything changes (fundamentally).
I will gladly answer questions, so feel free to comment on my idea. Also, I would love to see your idea for NLGBTC (or NLGUSD).
If you like my work, a follow and thumbs up keeps me motivated!
Status (SNT): Possible 140% return!Hi everyone,
Price has broken out and retested previous resistance (Green zone). We now have a good breakout-setup, where the market can reach the D-leg of a (possible) AB=CD pattern. Most likely, there will be some profit taking at those levels, before the market moves to the 1.618-extension of the AB=CD-structure. We might see another drop to the Green-zone, before breaking out!
Buy the breakout of the descending trendline.
- Trade with care
CLAMS (CLAM) Mega-Triangle FormationI will swing trade till the completion of the triangle and buy on break-out level.
The law of bitcoin.781.976 was the new high of btc last 2 month, we are on bullish trend is a evidence.
The rally of btc is not to be stoping yet, we are right now on accumulation phase, if Btc break the resistance at 781.976 we can go to 800+ dollars easy.
RSI is very strong and something like 1 per day on overbought area, its insane.
240TF, this btc rally is not done => Christmas is the most favorable time for a btc up because China use a much of bitcoin for shopping or business.
( Dont forget China control over 70% of monetary mass of Bitcoin ).
Target: above 820$ first.
Good trading !