BANDBTC trade ideas
BAND/BTC (Short Term Downtrend?) BAND/BTC
-This coin is on a short term downtrend
-Its value has depreciated by over -40% from the High
-Technically, there is no strong support at current market price
-The area which is likely to react is somewhere around 72350 region
-This is a confluence of Golden Fib level, 200ma support, and previous resistance
-So the chance we might see a bounce up reaction is high
-I recommend opening Buy orders only if there is a bullish rejection
-Because this will give us extra confirmation of support is being built
$Band 288% up from hereLooks like Band is following the 4 hr Linear Regression perfectly. It is near bottom of the cycle and using previous cycle Ive added a Candle pattern Ghost feed outlook so we can project top of around 0.00385BTC.
The fast Stochastic HAS come down to fast and will soon turn bullish. Also (not on this chart) The MFI indicating Money flowing in.
Thats a short one today
This is based on how I read the charts
BAND Looks Ready to RunClassical pennant setup on the 4H BAND/BTC chart.
Will wait for close above sloping resistance before piling in. I'd be VERY surprised if this broke bearish, considering all the hype there is around oracle coins right now.
Now that Link is testing $20, bulls will be looking to get into BAND as the cheaper alternative. I think big buyers are waiting for a clear breakout signal before jumping back into this, so entering before that will be a gamble but the pay off could be very good.
Set stop losses!
BAND.btc with the "Loudest" Ping in a long time: What a bounce!Bitcoin pumped today and sucked the oxygen out of many alts.
Band fell hard and fast, but it bounced with a very loud Ping.
"Loud" as in a violent reflection that one could almost HEAR!
So was that the bottom so we can now continue the rocket ride higher?
Or has the bubble popped and this is the "Bull Trap" or Wave B bounce?
The "Key" resistance indicated will be first threshold to watch for clues.
If this bounce is just a "wave B" then it should reach at most that Key level.
If that was the entirety of the "dip" then it should easily surpass that Key level.
If we are to get a true ABC correction, then the gold fib below is a good target.
The fib extensions used are for what I call a "Golden Fib" explained here (click) .
The term " Ping " is what I call an EXACT reflection, like sonar reflecting off a sub.
The rule is: "Not all pings start a Reversal, but Most reversals start with a Ping".
BAND.btc Near term Retrace levels of interest: ABC correction ?BAND as you know went on a bull rampage.
Now it looks to be retracing some the move.
Most common retrace is an Elliot "ABC" wave.
The EW path is a pure GUESS.
But the Fib Levels are SOLID.
Expect a reaction at each level.
The plotted levels are of the "Golden" (parabolic) Fib of this run
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My "Book" detailing my Methodology with Numerous Examples:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions <= This Example
Chapter 6: Give me a ping Vasili: one Ping only
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it is a good idea to be patintThe trend here showa a halted bullish Momentum. (STOPPED)
Normally under this circumstances a pull back or Corection is expected.
However. This is 'Crypto'-WONDERLAND HERE. Strange moves are frequent on this "ecosystem".
This Coin has been listed this week on a sourthern Hemisphere Broker.
I am keeping an eye on this one and the other eye on the Risk taken here, THERE IS NO CLEAR
SIGNAL here on the 1D Chart.
Although this new kid on the Blockchain does't looks too bad, it is a good idea to be patint
and wait for signal to do exactly what the Market asks you to do.
Meanwhile everything looks like frozen. Let's see on Monday.
TAKE CARE..
The easiest setup on the marketThis setup is a masterpiece in terms of Technical Analysis.
Two resistance trendlines have been broken lately. The last attempts to push the price down have been rejected by the EMA 200. Indeed, this coin looks promising for the future.
The strategy here is to wait for a pullback and eventually ride the uptrend until the EMA 200 breaks down.
BAND BTC DEFI TOKEN PULLBACK DUE?These DEFI projects are going crazy and i've been looking for an entry on this one. Maybe this is it if it gives.
We just saw an extension based on Fibs to the 2.618 based off the 10th May low, 26th May high and the 27th June low.
What i'm looking for now is a pull back to the channel high which is confluent with a Daily level, Fib golden pocket and the aforementioned channel top. So around the green box area 28577 sats - ish.
Will i get it? I don't know but the confluence is there for me for at least a decent scalp.
BAND/BTC (Bearish Pattern Confirmed)BAND/BTC
-The bearish H&S pattern has been confirmed after the break of the neckline
-Currently testing the minor support at 37000 range
-The next key support area is located around 28000
-This level is highly potential for Buyers to look for a bounce trade
-I will not catch a falling knife instead let the price come to me