Mbatradingacademy
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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.
Strat/btc bullishStrat has been consolidating for 12 months and has finally broken above and now retesting consolidation zone. I think a breakout from here is likely and this is a good area to enter.
WANBTC bullishWan looks to have broken out of a falling wedge which is bullish, I think it could go on a small run here.
DGTXUSD BullishAfter taking 65% at first target of 0.65 cents after original entry at 12th May at 0.03938 cents has had a good sell off and I think it looks ready for the next run up to next target at 0.09 cents or 128%. I will be adding to position here at 0.533 cents with a new target of 0.15 cents which is the ATH. I am long term bullish on the No Fees DEFI exchange that has been launched so am looking at this as a long term hold and will definitely be following their progress closely.
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?
VRABTC BullishLook for break in pattern, be cautious with resistance but looks like a bullish pattern getting close to a break out.
ONTBTC BullishONTBTC also looking as if it is going to close above weekly resistance/support, need to look at weekly close to confirm. Have to watch for reaction at trend line and resistance but if it was to break above I do think it will have a breakout and go on a big run here. I will take a position now but watch closely over the next two weeks for confirmation.
BATBTC bullishBATBTC looks set to go on a run from here, nice push then pull back to the 50 fibs, should move up from here or have a small pull back to 61.8 fibs first. Watch closely.
Has LTC finally seen the light?LTCUSDT
LTCUSDT is an interesting one for me at the moment. Although we’ve been in a downtrend for some time, we have mostly remained above the 50% channel line other than a few large dumps along the way. This is usually a bullish sign.
The other thing to note is that we are currently trending sideways after a long bearish period - this also usually indicates a change in momentum could be on it’s way.
If we can get a break above resistance that also closes us outside of this channel, creating a HH, I will consider opening a long as we have already created a HL so if this follows a HH this will give me confidence that we have found the bottom for now.
Will LINK be the alt that'll link us to the moon? LINKUSDT
Loving what I’m seeing on LINK atm. There could potentially be a huge reversal coming after such a long bullish run.
We have hit a level of major resistance at LINKs ATH resulting in a double top. I can still see bullish momentum so I don’t feel the bulls are tired just yet, some large bodied green candles show me they’re still around and still fighting. I want to see them starting to get exhausted with smaller candles and a bearish engulfing.
The long wicks on some of the red candles at this area show me there is a fight going on to bring the price down but in this momentum, who will win is still undecided.
I’m not sure I would long if we were to break above residence as I wouldn’t have previous structure to guide me however, if we were to break support and retest, creating and LH followed by a LL, then I would definitely be opening up shorts to ride this baby down!
Take profit areas would be at previous structure around 4.5354, 4.332 and final at supply around 4.2. This would be a multiple take profit trade for me.
DASH making a DASH back to the starting line??DASHUSDT
I’m seeing a potential further drop for DASHUSDT here.
We have failed to break above the 50 line within the current downtrend channel and are currently sitting around support.
What concerns me is that this level has often lead to a change in direction multiple times in the past and lead to a fairly decent long run, however, these runs have been getting shorter and short every time. So in that case, has dash made it’s final dash…?
The long out of this zone in the past has been fairly instant but the moment we haven’t seen any bulls come in to save the day within the last 24 hours so this leads me to maintain a bearish bias on this one.
I want to see a break of support and retest which clear the wicks to the left before I open up a short back to previous structure for a possible 8% market move.
Possible long opportunity on ATOMUSDT in the near future ATOMUSDT
I see market structure starting to change which may present a long opportunity soon.
We are currently breaking resistance. I won’t be longing from the break and retest here because I don't like the messy structure to the left. There are huge wicks there showing this is an area of volatility.
I want to clear this first before I would consider entering a long, at the same time creating another higher low.
If we can get a break above 2.850 and a retest of that level with some nice solid candles, I will consider opening a long to the previous high.
Stop loss may change dependant on the new structure created before the point of entry.
ADA presenting a great long term opportunity in either directionADAUSDT presenting a great opportunity either way.
I understand the whole “there’s always a pullback” however I believe ADA has some fundamental news out ATM that may see a further pump. I’m not into fundamentals so I don’t know what the news is and if it will affect price.
What I’m waiting for is:
LONG OP
If we break current resistance, I still want to see us break above 0.1100 and retest that area before i will open a long. I do see bearish divergence on the daily at the moment giving a hint this run may be over so keeping an eye on that also.
SHORT OP
I want to see a break and retest of support at 0.09074 area and a change in market structure in order to open a short.
These are taken off the daily TF so this would be a long term trade idea and could take a month or more to play out.
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.
Potential BULL Flag.It seems the buyers are in control of XBT right now, after making a quick recovery from yesterdays drop.
potentially forming yet another bull flag on the 4hr.
I will be waiting for a close above the previous market structure before I make any moves.
IMO I think we will see another test at resistance in the next few days.
I will also be watching closely for a Double Top off resistance
XBT/USD
4hr
XBT $6600 incoming, hold on tight!Simple one today.
Update:
XBT hit the 10100 area I was targeting in my last analysis before a big selloff as expected.
On the daily we are still in an upwards channel and testing the 50EMA
The line chart makes the channel much clearer to see.
I am still bearish because even with the big sell off last night, volume is still decreasing, RSI showing bearish divergence and we’re currently testing the 50 EMA.
I want to see a break below this channel and the 50 EMA. If we then break and close below the 200 EMA and support at around 8400 then I’ll be shorting with targets around 6600.
Will Mercury in Retrograde see a BITCOIN dump??Before you read this TA please note this comes with the disclaimer that I am totally testing a theory here and it might turn out to be utter rubbish but hey, we’ll soon find out either way!
I’ve decided to combine my two loves of trading and astrology to see if I can find a correlation with moon cycles and price action. Now, I know this is already a thing and I’ve been trying to research Gann but… I hate math sooo….
This is my shortened version!
Ever heard the term “Mercury is in Retrograde”? What does this even mean? More importantly, what does it mean for Bitcoin?
I’ve researched back to the 2017 high and found that every time Mercury is in retrograde, Bitcoin has a fairly decent pullback at some point within this period. There was only one time I could see that we stayed in consolidation and that could be due to other planetary factors which are beyond my scope of understanding!
So let’s test the theory!
Mercury is in retrograde again as of the 18th of June - just days away!
Open your shorts now? No I don’t think so.
I’m not going to be trading this range right now but I am going to watch closely to see what happens.
XBTUSD right now still has a liquidity void to fill between 9896 and 10070 as well as below 9394 down to about 8640.
I currently have an ascending triangle within my larger wedge which give me the feeling that we may break up to the 10100 area to close that void before shooting back down.
We’ve had a number of wicks into the 9395 liquidity zone so I feel the next attempt will push through this and make it’s way downwards to start filling the lower liquidity void to 8640.
If we do reject off the 10100 area, I may open a short there but until then, I’m just watching on the sidelines.
Past Mercury in Retrograde dates to do your own research:
2017
2/12 - 22/12
2018
22/3 - 15/4
25/7 - 18/8
16/11 - 6/12
2019
5/3 - 28/3 - this one went sideways
6/7 - 31/7
31/10 - 20/11
2020
18/2 - 9/3
Next one
18/6 - 12/7 2020.
Over you you moon Gods!
BTC is it time to short ?I feel there is so much pressure building up on bitcoin over the last week, We haven't seen much price action happening or any clear trend price has been ranging in this channel squeezing further into this rising wedge.
With a 170% price increase since we bottomed out in March we have not yet seen a proper correction, Will the bearish divergence play out and perhaps we get a nice pullback to the 61.8 Fibonacci level ?
ETHUSD Bitmex due for MASS correction surely?ETHUSD has had a 193% run, her time is up.
Currently in an ascending wedge, with a few attempts to bring price down.
We have now completely closed the liquidity void formed in early March with a double top around 252.75.
I'm waiting to see what happens around the supply block at 256.50 if we can get there for a 12% drop. If not, I’ll be watching for a break out of the wedge to short to demand.
