Broke out of the recent down trend and moved sideways forming double/triple bottom and a new Higher high recently had and push and now waiting for retest of support for entry, which is around 38.2 fibs (bullish sign) My plan is to take 50% profit at support/resistance at 2259 and move up SL to the 2500 area underneath the daily uptrend line (red for...
XMRBTC 4hr Binance - consolidation breakout setup - Monero recently broke out of its downtrend and market structure has changed it is now in an uptrend. - At the moment price is ranging between the 4hr support and resistance as it approaches the current trend. I will be looking for the breakout either way, a move up and out above 0.008127 targeting 0.008680 or...
Original wedge breakout never eventuated. But one of the trades is still a possibility, 1) looking at a break of resistance at 3615 for a Long R:R is approximately 2:1 as it stands. The SL for this trade reduced depending if any structure is formed before the break in resistance. 2) Another option is to place an order at the Demand block. I see two demand blocks...
Downward Wedge has been forming on LTC, It is also approaching a low demand zone Options 1 & 2 looking for break and retest. Two possible entry points, either around 5790 mark on the retest from the break out, otherwise wait for 5890 resistance to break for the 2nd entry. Option 3 Limit order set at top of demand block for a longer term long to previous...
Broke 4hr Resistance, Bullish Divergence, Heaps of volume Looks like overall uptrend, should re-test 8000.
Closed out my long early at 7442 couldn't see the 7800 Broke the overall uptrend Market looks like its turning, head & shoulders forming looking to go short back down to 6900 or more...
Hopped onto the charts earlier in the morning. Started out with basic support and resistance zones and noticed an uptrend. While looking at the uptrend i noticed a inverted head and shoulders. Using that indicator and trading with the trend, I was able to find a nice trade which although it hasn't hit my take profit just yet, it did play out quite quickly.
If we see a close above previous structure @6850 on the daily i think it will break out of this triangle and we will see $9000 again as long a the trend holds ill stay in a long position if not i think we will see $5500 again first.
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...
New structure forming in a bullish direction breaking out of trendline with HHs and HLs. Waiting now for a retrace to support and form another HL and wait for a confirmation candle on support being held. Once held entry at .00000180 Entry at .00000180 in on course to bounce off center bollinger bands, extra indication as it heads back to support and confirm an...
Have located a potential bear flag on the 4 hourly, although daily momentum is heading down with LLs and LHs. Waiting to see if the daily EQ can hold. If we break out of this bear flag to have a shot at the next supply zone. If daily EQ cannot hold and we break below then i am looking at following trend down to the next demand zone. Either way i will need a break...
simple trade downward wedge/ bull flag forming currently retesting daily trendline buystop set above 1hr resistance line SL below 4hr resistance 1st TP at previous wicks, last TP at 4hr resistance
QLC Chain QLC/BTC Daily Binance Analysis QLC Ranging between 120-235 satts respecting both levels. Looking for a swing from the bottom of the current channel, to the top when the short term down trend is broken. Because QLC is such a low satt coin, position size would be very small and only 0.5% Risk on this position, if a trade presents itself. Looking for an...
Retraced to 61.8 and closed above, Currently broken out of down trend next resistance is at 0.00034128 which is just above where i'd enter. so placing a buy stop a bit above resistance 1 Take profit at 0.00036344, Last TP is a trailing TP following at -1% to catch any lucky dip pumps. RR for the trade is 2.0 expect the trade to play out by tonight, mid morning...
WEEKLY REVIEW BEFORE DONNYS MONDAY NIGHT MARKET REVIEW CALL..
ETHUSD Monday market review. Joining SOS Donny does a complete market review on Monday nights. Getting in before Donny to gauge how my knowledge is growing within the trade space.