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XTZ CUP and HANDLE on daily at PCZ of bullish HARMONICXTZ has been my favourite coin to trade in the past few months because it respects the technicals so well. Looking at the situation now we can see that it has been following a downward channel that might have gotten too deep to call it a standard cup and handle formation, nonetheless when being in this channel it has created 4 counts of bullish divergence on the macd and RSI on a DAILY timeframe, along with a massive count of bullish div on the weekly. With this it has hit the Paz of a bullish harmonic at the 78.6% retractment. I have accumulated a lot of this coin but haven't opened a long yet. A type two return at the Pcz would be ideal but it looks too strong to return there. Entry: Between 4.38-4.19 depending on lower timeframe pa and btc pa (needs to stay above 47.7 ideally). - If btc breaks down will look for entry around pcz of harmonic. Targets: 5.64, first tp but add to position if it finds support above. Long term hold target: 13-16 dollars
COINBASE:XTZUSDLong
by SynergyTradingSetups
Not giving up faithThis is pretty much the last straw before the most grim of scenarios (37k, 25k, or purely bear market) I know I've been overly bullish on the way up... that's because everything backtested so perfectly. My apologies for being wrong, and I can't say it won't happen again (but neither can anyone else..?) The gold fib lines are my macro reference lines for every cycle since 2013 (2 points of contention). We're sitting in the middle of those gold fib lines which is the 1.414 same as 2017. I was able to dissect from the bottom gold fib (1.272) all the way up to the ATH which hits well on the fibs. Using the same fib structure for 2021, this would be a nice roadmap for a 2017 playout (watch around 100k if we go parabolic). Seeing as how oversold the market is, we could see some short covering for a nice rebound (watch 60k carefully). Fundamentals point to the bearish side yet such as interest rate hikes for 2022; however, omicron is lurking for the US yet, which would postpone those hikes likely. Until we break 25k or 200k, I'm bullish AF. See related ideas as to why 250k is my TP.
INDEX:BTCUSDLong
by Ungovernable
2
HARMONIC ON HARMONY, FIRST TRADEAfter a pretty brutal drop, harmony reacted at its pattern completion zone of a bullish harmonic at a 78.6% retrace. It is now following the general crypto market and retracing from its impulse high, I am looking to enter a long in the green area between the .618 and .786 retracement zone should it reach it. I will monitor the PA in the coming days and enter a long either in the box or before if it looks viable. Targets for the long will be posted once long is taken. All my longs are 20x with liquidations close to 0 and most times no stop loss as I watch the charts, manage your risk accordingly.
Long
by SynergyTradingSetups
3
BTC sectors, patterns and an exceptional indicatorStarting this update with the sector update. On the daily chart we are in a sector that has a high of $49307 and a low of around $45613, the negative point here is that we are closed below the 200 MA. Now that doesnt spell bear right away but it's certainly not bullish aswell. The 4 hour chart There are two main formations we can establish on the 4 hour chart: 1. Triangle We are really pushing this formation to the limit. Usually we leave this type of formation at around 70-80% of their length but this time we are pushing for the end of the formation. In such cases the price can leave the formation in a sideways manner and by doing so would extend the uncertainty period and would make us look for other smaller formations that would be more pertinent. RESULT: NEUTRAL 2. Descending channel Pretty much self explanatory, the price action is inside this formation, protected by two fib levels at $45600 and $44500. RESULT : BEARISH Now for the exceptional part of this analysis. When there are so many conflictual indicators technical and fundamental we are pushed to thinking outside the box , not to trade but to try to understand where the market is going. MOON PHASES Used in trading for a long time as a bonus indicator, the phases of the moon have been known to affect traders minds differently during the full moon and new moon. This metric is part of some complex bank algorithms so its not only theoretical. The lunar buy-sell strategy is based on buying on the new moon and selling on the next full moon (usually in 14 to 16 days) More info on lunar cycles trading and results will be posted in a future video on the sublime traders youtube channel.
by SublimeTraders