AVAXBTC trade ideas
Can AVAXBTC cause an Avalanche with 90% gains?Many large caps have pumped while this Avalanche AVAX remained asleep. This $4.5B market cap has been consolidating since Mar 2021 and remained flirting with the 50D & 100D EMA that became closely paralleled.
My entry level is marked in blue and the almost 90% gains target marked in green. The only thing remaining is the Avalanche to move.
What do you think? And what is your exit target for this gem?
AVAXBTC - 40% Upside & Critical Levels MappedThe patterns make the bullish case for themselves.
Our idea can only get invalidated if BTC Dominance closes above 50 or we face a big correction. Remember that the current levels, 57k, correspond to the top band of our parallel channel, therefore, it would not be surprising to see a more severe pullback. If BTC closes above 58k, re-evaluate your entry with the Dominance chart and BTC on-chain signals. If BTC falls to 56k, don't worry, there is an important support there and we would prefer to see some sideways action in that region for our favorite alt's to rally. However, if BTC closes below 55k, remember that there is a possibility for us to visit the 21W MA, which "could" correspond to a 45k. For the latest scenario, there aren't many on-chain signals to back it up.
This is not financial advice. Use risk management.
Crypto|AVAX/BTC|LongLong AVAX/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.
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.
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.
AVAXBTC breaking down trendWith the long period of consolidation and down trend that we have been in, it appears AVAX has decided to break the trend.
I would like to see it test this down trend before moving higher as this would be a perfect entry position.
First target for me would be 4.669 fib level if you want to be aggressive.
If you are conservative and feeling antsy to take money off the table, I'd look at the following selling procedure:
TP 1 = 1.618 Fib level - Sell 20%
TP 2 = 2.618 Fib Level - Sell 20%
TP 3 = 4.669 Fib level - Sell 30%
TP 4 = 8.77 Fib level - Sell 15% to 30%
I always recommend leaving some % remaining in the token if you believe this token is not a scam. I typically leave 10%-15% of my initial position in the token as I typically am happy leaving a little bit of the profits on the table because these small % can equal large values when alt season really ramps up.
Crypto|AVAX/BTC|LongLong AVAX/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.
HUGE MARKET SELL OFF!There was a huge sell of couple of hours ago and every single coin got affected.
There could be some oppurtinities to buy in some coins!
Avax could be one of them!
It is definitly not buy right now but it could be.
Right now uptrend line seems to be broken but downside momentum does not seem to continue with good volume therefore we should wait a little bit more before making any trade decision.
Also we have to check to broader market and btc price action.