RFOX 5th Wave Long??RFOX between 50 - 61.8% fibs and closing in on daily up-trend.
This could be a good point for a reversal to continue upwards and complete the 5th wave of Elliot waves.
Target 1 just below previous ATH.
Target 2 more generous at 0.0003
MBA
BTCUSD PlayoutsThis is how I'm looking at BTC at the moment.
Overall market structure Still bullish but hasn’t had a proper pullback since it took off from 4K (Zoom out).
Had a perfect head and shoulders (reversal pattern) at the peak and Currently sitting between 23 and 38.2% fibs (long term).
Tested 10k for over a week now with big wicks to the downside. If it cracks above 10.5k I’d expect a nice little run up to the 61.8% fibs (11.2k) before deciding where to go from there.
If it rejects at 61.8% fibs (short term) and continues creating negative market structure and drops past 10k, then 9k lines up pretty nice with the 38.2% fibs (long term) which I’ll consider setting long orders depending on candle stick analysis. If that doesn’t hold I’ll look for entries at 50 and 61.8% (long term) depending on market structure.
Trade at your own risk.
OXTUSDT EntryLook to enter off the next higher low, wait for the low to form then show buy signal before entering. Could still double top here or this could still be a B wave and a deeper pull back for a C wave could happen. I do not use EW but on the 3 minute timeframe definitely looks like a five wave pattern up which would indicate possible trend reversal.
OXTUSDT BullishOrchid pull back followed plan, will be looking for an entry and a possible new High to form. I sold 100% of position at target for 73% and this thing just kept going, I made a mistake not having a moonshot target but Pull back has been tracking as expected but unfortunately bounced before hitting my timer around the 61.8 fibs. Bullish trend, look for a long entry on small timeframes with tight stop loss.
ORNUSDTI'm adding to my ORN trade here, chart looks very bullish and has just had a cool off period. I am very bullish on this project but unfortunately didn't enter early enough so this is a swing trade not a long term hold.
VoyagerHad a breakout order set on BQX that triggered two days ago, now retesting neckline/SR flip and should push back up to previous targets.
DGTX bullishTaking another position here on DGTX long term. Broken out of consolidation and has pulled back to 50 fibs here on launch day. I was expecting a dump in the market today with the launch providing a good but opportunity. Will definitely be keeping the door open here for a moonshot of at least $1. Received an extra 2000 tokens today from opening airdrop. Still up over 100% on dgtxusd trade i took a few weeks ago but will be adding here on btc chart. Here is a link to the no fees exchange, great liquidity and zero fees on transaction are a traders dream come true. Check it out
Voyager BullishThe Voyager Token (VGX) is a cryptocurrency broker token created by one of the co-founders of Uber and executives of E*TRADE. Voyager allows customers to trade 30+ crypto assets using USD, earn interest with no lock-ups, and no limits, 100% commission-free. The Voyager Token (VGX) rewards users within the Voyager crypto broker ecosystem. VGX generates interest when held in the Voyager app and will soon offer cash back rewards, and other exclusive features. Download the app at investvoyager.com.
I think this coin has a good possibility to explode, Market cap $16 mil, 24 volume $1.8 mil. Will be holding this for a longer term trade.
POLYBTC BullishI think it should retouch that support again or push just under it to that 61.8 fibs line I marked and collect some stops before next big leg. The W shape patten is generally bullish as well. You could just enter here as it's only a 8% lower or just buy some now and set some orders lately just incase it doesn't pull back but with saying that it has had a move and correction looks to short which is why I think it will do a W.
GBPNZD monthlyGBPNZD - Monthly, nice and simple bearish trend. Could be about to trend down for next 12-24 months?
Electroneum ready to pump?Keeping it simple!
ETN respecting down trend since its pump in mid May.
Bullish divergence on CCI.
Slowly approaching support level where 61.8% fibs was respected previously.
Coincides with uptrend drawn from initial breakout from consolidation on 21st April.
Potential long opportunity from demand block/uptrend/support intersection with tight SL.
Or wait for breakout of down trend and retest up-trend for confirmation of support.
Ensure SL is below previous market structure. A big move from BTC could change everything. Trade at your own risk.
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ETHUSD pullback then break up.ETHUSD 8h also looks to be changing structure here, you can see the LL and LH marked and momentum on Macd d dying off, I think this could be some sort of abc before a bullish break out. Would not short as still on an uptrend, looking to see if a long order presents itself around bottom blue box area.
XAUUSDXAUUSD - missed alert as was sleeping. I had alert set on dotted trendline to try and catch an entry at bottom of triangle but missed it. Will set two orders again and hope to catch the bottom one last time. Am overall bullish on gold and think we see it hit $1783 which is weekly resistance last touched in 09/2012.
ADAM20 09/05/20ADAM20 9/5/20 14.00 ADA break out trade falling wedge, price broke resistance @536 (on 4hr) looking for a move to the up side to 1st TP @558 just below resistance @560 level 9RRR 2.1:1
ADAM40ADAM20 9/5/20 14.00 ADA break out trade falling wedge, price broke resistance @536 (on 4hr) looking for a move to the upside to 1st TP @558 just below resistance @560 level 9RRR 2.1:1
ETHUSD Eth 3 day chart looks interesting here, could it possibly break up or do we think it could fall back first. Above 50,100 & 200 MA on 3D chart, made a very slight LH instead of LL last time. Let me know what you guys think, 1 2 or 3? Which is most likely in your opinion? Please comment and let me know your thoughts.
GBPUSDGBPUSD looks to be trading in a triangle, will look at reaction on bottom trend line and possible take a small long position.
BTC 8h chartBTC - update, 8h looks as if it could break either way here. Either long off the bottom of triangle or wait for the breakdown and buy at blue box. If it drops and hits the box that's a great buying opportunity I think. Currently ETH looks more of a clear set up so I am already looking for entries so I will not entering btc here.
NAT BullishNAT - Broken downtrend with very high volume, Divergence on macd from last LL's. Above middle bollinger band. Breakout volume biggest ever monthly volume by a mile.
STNG Bullish possiblySTNG - With oil prices so low and demand reduced due to corona virus there is excess oil needing to be stored so bullish on tankers for next 1-3 years. 2/3 last times it has broken middle bollinger band on the weekly chart it has done 100% moves, the other time 30%. Could be forming a nice curve bottom here. Volume increasing. Needs to get above 50MA and will turn bullish. Could be a good hold for the next 12 months, watch carefully.
spx500Spx500 8h -Bearish possibility - Enter off LH which is also right shoulder. Already hit the 61.8 fib level at last high and rejected. Currently 200MA is acting as resistance. LH on macd, divergence starting.
Bullish possibility - Stop loss below last low, market structure says bullish. Strong bounce off the lows.
