Roller CoasterFrom the start of its coaster movements in the last few days of most currencies. This list of my favorites is to loosely allow you to select purchases at low points and then place sells at points to optimize what you can.
Algo :
LOW: $1.169-1.1823. // HIGHS: $1.2648-1.3. (10 Cent difference but with a lrg quanity is significant)
ETH :
LOWEST: $1692-$1712 (Not likely in the short term/ only drops low like this after new ATHs are reached)
HIGHEST $1837
Avg/ Attainable Lows: $1755-78 // HIGHS: $1780-$1810
If going for something within these average ranges then place a buy at a reasonable area, check the RSI, and play the waiting game. If possible turn on trailing purchase at .03% Trailing.
XLM :
LOWEST: $0.419600 ( Not likely to reach this low due to it hitting a new SnR Level, so if its falling alot then it place purchase at that level, otherwise go with the average.)
AVG LOW: $0.44478- 0.44737 //. LOW HIGH: $0.45547 (Short Hand, but if it breaks through this level then the following are applicable.)
HIGHS: $0.459172-0.467798 (Should watch the chart and the RSI levels to maximize your pull out opportunities. $0.469145 is the highest, so if it breaks past that, we're in uncharted territory.)
There are others that have been steadily increasing and decreasing, that i'm keeping an eye on; Chainlink (LINK), Ethereum Classic (ETC), Cosmos (ATOM). So you may wanna look at those too. but these are just notes that i keep for myself to help me out, so i figured I'd share with my cryp-toes fam, and thats what we should be doing anyway (helping each other get that bag 💼). Disclaimer, don't take this for set in stone blah blah blah, and all that jazz. Just don't sue me 😂. Goodluck trading y'all (Btw my trading pairs are all to USD and i trade on GDax if it matters).
Ps Ive got more notes, with the exact percentages of other info that may be helpful, so maybe I'll post it, or just DM me. Peace ✌️
Myfirstidea
Bitcoin // Week #30 // Consolidation continues (for now)Hello,
Let's start with a macro view. Beginning with the 4wk chart, we can see that a doji star has formed.
On the 2wk chart, we are nearing the end of a hanging man. Here, the Money Flow Index is overbought and heading down. The MACD is also showing signs of weakening.
Zooming in closer, on the weekly chart, we can see a bull flag formation. The bottom of the bull flag is showing us buying interest. Near these levels is where I am buying. The MFI broke below the 80 mark about 3 weeks ago and is now hovering around 56. It should be noted that during the bull run of 2017, the weekly MFI didn't break below 50 and we shouldn't expect to break below it during this run. Also, I placed a possible wick zone from $8500-$7500. Anything is possible with Bitcoin and we should always be prepared.
On the daily, we are currently printing a Breakaway candle formation. The MFI here is nearly below 40 & the MACD is also heading down.
On a micro level, we can see on the 12hr chart (also on the 4hr - not pictured) that a rising wedge has been validated. Here, I have a couple of support/buying opportunities.
Based on my macro & micro TA, it is my view that we are going to continue consolidating, while finding great day trading opportunities. Most importantly, long term buying opportunities should also be taken here. Technically and fundamentally we are in a bull market.
Market action discounts everything:
My current buying zones on the dips are within $10220 - $10000
Breaking below that we can find great buying opportunities near the bull flag support range of mid-low $9700 - low $9000
If we wick down below the bull flag, $8500 - $7500 is possible.
Please comment and like. May the force be with you.
- B
It could go either way, but I'm more bullish than bearish.MAID could break through resistance this time around.