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ATOBTC trade ideas

Cosmos Breakout from Range - Possible Price MarkupAs part of my series of trying to pin down Wycoffian patterns, $ATOM caught my eye. In February ATOM made its first markup, where it then blew off the top. Price stayed suppressed under the volume-weighted average price. On the 19th, ATOM started a rally that sent it over to the VWAP. At the start of May, it saw a volume-supported rally, pushing it across the resistance. In Wycoff cycles, the entry is usually done after the breakout retraces. I got in early, at around 5100, because I'm a FOMO beast. If the retrace makes a move up above the previous high, that is considered a good entry to ride the markup. Volume seems to be following buyers and price moves up while falling during bear candles.
Long
by UnknownUnicorn1038536
Crypto|ATOM/BTC|LongLong ATOM/BTC Activation of the transaction only when the blue zone is fixed/broken. The author recommends the use of anchoring fixed the blue zone, this variation is less risky. If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone. The idea is to work out the resistance level . * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. Blue zones - activation zones. Green zones - take zones. The red zone - stop zone. Working out the stop when the price returns to the level after activation + fixing in the red zone. Orange arrow - the direction of take. Black arrow - neutral scenario without activating the trade. The red arrow - the direction of the stop. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Long
by Henry_Ross
34
Cosmos / Bitcoin in a bullish movement by Rocket bomb D1Hey traders how are you feeling, there is some formation in the crypto market for you. ATOM / USDT is in a symmetrical triangle which is about to breakout following the bursting of resistance. The piece can rise sharply on the rise in other of the movement (A, B) for (C, D). The divergences on the MACD and RSI indicators which confirm the movement of a bullish continuation, it is necessary to wait more for the leak! To access the key resistance area. Enter optimal on breakout of it on the check for stance in the front breakout of control. In order to reach new price perspectives. Please like and follow, thank you
Short
by stephanelibatd
Bullish on ATOM / BTC +12%Cosmos token ATOM saw a lot of volatility over the past month and recently posted strong gains in USD terms. Yet in BTC terms the price is well below the February high. And ATOM / BTC is now nearly 50% below the August high. The recent positive news flow could spur even more price action so we’ve posted the following question to Hybrid Intelligence: “The cryptocurrency Cosmos (ATOM/BTC) settled at 0.0004198 BTC at 09:47 AM UTC at the binance exchange on Friday, April 16. In your opinion, will ATOM/BTC trade above 0.0004740 BTC (+12.90%) at any time before April 26?” ------------------------------------- Assurance: 83% That’s a bullish indicator. At least in the mid term ATOM looks like a nice pick for a long position.
Long
by Cindicator
Cosmos : Time to get up & ATOMWhat is Cosmos (ATOM): Website: cosmos.network Whitepaper: cosmos.network Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to "create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way. This means that this projects aim is to create a a network where different Cryptocurrencies can communicate with eachother and transact and operate seamlessly together, I'm sure that if you truly believe Cryptocurrencies will be increasing in popularity and usage over the next coming years then its a no brainer a project or application like ATOM/COSMOS is neeeded to help make the thousands of emerging Cryptocurrencies work even more seamlessly together. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Inverse Head & Shoulders Pattern: The Inverse Head & Shoulders Patterns is one of the most well known chart patterns and has a higher success rate then most (success rate, is that rate at which the pattern hits its target; the "measured move"). The pattern can be seen as a potential sign that a momentum reversal is coming into play with the last part of the pattern: the right "Shoulder" showing the market structure printing a Higher Low (HL), in up trending markets the price continually shows higher lows so this pattern is a potential way of spotting a initial HL before a uptrend begins. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Here are the main characteristics in which to identify a Inverse Head & Shoulders Pattern: • VOLUME MIMICS PATTERN • 3 VALLEYS, LEFT & RIGHT SIMILAR HEIGHT WITH MIDDLE DEEPEST • TRIANGULAR IN APPEARANCE • FOUND AFTER STRONG DOWNTREND • HIGH SUCCESS RATE • CAN BE SLANTED • HIGH VOLUME ON BREAKOUT INCREASE SUCCESS CHANCES Price forms 3 distinct valleys after a strong downtrend, the left and right valley should have a similar height (shoulders), the middle valley (head) has to be the deepest or this can not be a IHS pattern . They should seem triangular in appearance but as long as it fits the main characteristics can still be a valid pattern as sometimes they look "messy" on the smaller timeframes but valid on higher timeframes. Volume should also paint the same pattern with the 3 valleys, strong volume on breakout increases success rate. As with any pattern you want to try buy on top of long term support areas not beneath to increase success chances. ( If you want to understand what potential support areas can be, visit the below linked idea on Order zones.) The right shoulder should form a higher low (HL) which is a early sign of trend change, this is entry A, with entry B (riskier) being the bullish retest of of the “neckline”. The idea is to gain an early entry on the pattern at point A to maximize profits and reduce risk. Once price moves below the middle "valley" it is likely that the pattern is not valid anymore so this allows us to get a tight stop loss upon entry at "A". If you were to buy at B instead of A, you have a larger distance to the INVALIDATION point of the pattern which is not ideal. We measure the height of the pattern and add it to the breakout level for a maximum possible price target. In Bull Markets these patterns hit targets as high as 60-70% of the time. In this example on ATOM BTC the pattern as not fully formed yet so is still not validated, plus we are also under a important resistance area so we would need to clear that first. If that happens we have the chance to increase in value which is considered the "breakout". -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Support & Resistance Zones If you want to understand the importance of the Blue/Green Zones market on my chart click the below image: As you can see on the chart inbetween 0.0003275-0.0003700 you can see a Demand Cluster which is explained in the above image, if the price were to get back above area it can be a great sign for ATOM. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Learning to trade patterns such as these can provide great opportunities if you understand price action and how to identify the key areas of the pattern that other traders and investors may be focusing on too, these areas become important psychological levels on the chart. If you found the idea insightful you can show you support by liking & commenting thank you!
Long
by Worth_The_Ri5k
1