BATBTC Still in an overall bullish downtrend. 4hr consolidation zone, historically after LH forms these zones with a fast bullish movement off the bottom to be rejecter on another LH and fast bearish movement down to create a Lower low. in the middle of zone ATM. possible long from the bottom and short from the top. both stop-loss are clear of previous market structure.
ATOMBTC still in an overall bearish downtrend. At the moment in a 4hour sideways consolidation period. historically box consolidations have entry - 2 top touches and big bearish movement. the missed ideal entry into short, Darvas box entry could play out and a stair down. Low 4hr volume, MACD looks to flip bearish, histogram looking thin, BB narrowing, RSI...
algo in a sideways consolidation period. midway in zone, possible 4% trade to the swing high failure if 1hr trend line is respecter. SL tight under trend.
Bitcoin - 4hr - BitMex(XBTUSD) BTC has been creating Higher-lows and respecting the short term uptrend, since Mach 16. Resistance was found at $7k tested multiple times and was rejected until today, when price was squeezed and is starting to creep above $7k. BTC has had a 4hr close above $7k which is the first step towards a breakout to the upside. I will be...
Change in market structure 61.8 fib held Waiting for a break and retest of the current 4H resistance level for long opportunities to the daily resistance I would look to take 25% of my position off at TP's 1 and 2, with the last 50% at final TP. I'd expect this move to take from 2-5 days depending on how BTC is moving, but ENJ is known to pump quite quickly...
I will enter this trade if price breaks out of this descending triangle with strong bullish candles (bullish engulfing, bull hammer) or if it breaks out and has a small retrace for confirmation. My first profit target is at 38.2%, then at 23.6% (resistance at both these levels). This may take a day or 2 to present a good entry, then 5-6 days to hit my first target.
Waiting for a break above 6777 for a long or break in trend for a short
Its been an interesting week in the financial sector across the globe, a lot of fear and doubt in the global economy right now with the corona virus, banks, unemployment and trade wars. A lot of people putting focus on that being the cause of some of the movements in the crypto market and although it may have a slight effect i don't see it as being the root cause,...
If price comes down to this level i will be keeping an eye on volume and wont be entering until there is confirmation of buyers (Bullish engulfing, Bull hammer, morning star pattern). Placing a limit order in this zone seems to risky until we get the above confirmations. But could be a good swing trade if it plays out.
Looking for entries once we break out of this resistance zone and get another touch on the trend line to confirm it is valid We have broken out of a downtrend and we are forming new market structure Broke out of descending channel and tested as support 10MA held as support and 50MA just crossed above the 200 I would be looking to take profit at the 3 marked...
weekly & daily up trend strong resistance at entry = breakout just above wicks target = 001426 stop loss = unsure where stop loss should be. Question; Where should stop loss be?
Entry: Would of entered on the 61.8 Exit: Start to see solid closes below the 61.8 fib level and i would exit Timing: Expecting a couple of weeks for this to play out
Using Support and resistance, MACD and EMA set to 40 to confirm my trade idea. TP is based on previous equilibrium Based on historical data I suspect the trade to take around 30 days to play out