Get started

Movingaverageconvergence

Interested in Comp/USD at this level.I like what I see on this asset at this level, though I wish there was more price history to validate support because it just recently "bottomed", but we all know that could go out the window on a significant fundamental move or maybe even another push higher by BTC. Reasons: 1.) I like that it is near bottom of value and definitely in the location where I seek out potentially profitable assets. 2.) It was embedded oversold for a few months and now has emerged and even put a double bottom in, if it remains that way after close. 3.) There is clearly a lot of work to be done on the volume profile, but a return to the 50% level would put us above value and at significant return. 4.) There is a cute double bottom working in price action. 5.) Multiple moving average convergence, YES! What I would like to see improve: COINBASE:COMPUSD 1.) Would like to see green volume impetus 2.) Would like to see OBV turn up and cross moving average. 3.) Wish I had some support from past price action. I also like relatively low circulating supply. *This is for entertainment purpose only and should not be construed as financial or trading advice. DYOR.
COINBASE:COMPUSDLong
by Cryptough
Trendline Break Setup (Paper trade)*Not trading advice, entertainment purposes only, DYOR Reasons for a trade: 1.) Putting in market structure at or below 78.6, off fibs from 3 most recent highs. 2.) Has W and working on confirmation of larger W 3.) Moving Average Convergence 4.) Put in market structure after break of 2 significant downward sloping trendlines 5.) Divergence in MACD 6.) Market structure and cross on the Willy coming out of oversold 7.) Market Structure on OBV w/MA cross 8.) Bears falling asleep 9.) Beautiful candle body that closed above VP POC 10.) 2:1 RR just above gap at top of most recent range 11.) 6.1:1 RR by a return and touch to 200MA. 12.) 10.2:1 RR by returning to Gann 50% 13.) Near Original breakout out levels from 1992, sheesh Enter trade at check of top of double bottom $6.30 Set stop just below double bottom at $6.01 Sell 1/2 my position at 2:1 ($6.88) and move remaining to scratch. use 3 highs/Lows method on remaining if PA continues to put in bullish market structure. NYSE:GE
NYSE:GELong
by Cryptough