ONTBTC trade ideas
Possible Bullish Divergence on the 4 hrThis is for training purposes only, I'm an amateur trader so do NOT use my chart as trading advice.
Working on an ONT/BTC trade, fib targets in green. I noticed a small bullish divergence on the yellow trendline, I think we may see this uptrend to continue and maybe even hit my green target
ONTBTC - Bounced at support ONT touched the support at the lower band of its bullish channel and which got rejected. We might see further consolidation above 620-630 SATs.
Key resistance levels are 670-680 at the intersection with the long term bearish trend line, if it breaks above that, 750-770 will be next targets.
Strategy: Long at 620-630
Target Price: 670-720-770
ONTBTC Bearish Indicision At A LowONTBTC has been is in a bearish trend and found support at 0.0000600 .
My TA Analysis
0.0000600 has been a level where bears have not been able to pass through, and they may try to retest perhaps but if price goes above my Fib 0.236 I won't sing toss my coin for heads and tales, instead I'll look for possible buying entries.
ONT Pushing forwardWhite Line:
Found a bottom
Retest previous resistance
Retrace forming an upward trend
Breakout from recent resistance
Retest resistance as new support...
Buying.
New thing this week is to stop aiming for tops and bottoms.
Buy some higher lows and keep the trend as your friend.
Small position size while BTC is taking a nap in a range. Alt will suffer when BTC moves so I have a tight enough stop to where we have a little runway to take off before BTC moves.
I would like to get to the top of the range this month but I'm playing what the market gives me, so we'll see what we get.
Inverted Head&Shoulders Pullback on ONT Hello Traders,
ONT is forming an Inverted Head&Shoulders and it seems to be confirming this pattern with this pullback to the neckline. If the price goes above yesterday maximum will be a pretty bullish indication that this asset is going up.
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ONT.BTC (Y20.P3.E1).More to goHi All,
Looking at the recent pullback, and acknowledging that the drop or rise in BTC with these impulses has given us many mini Alt seasons.
So lets make the most of it.
Based on my lines and a breakout from the wedge and a pullback to the 0.5 fib level, can possible allow the flagpole target to be reality.
We still have a nice uptrend formation, one of the better structures for the Alts.
As per the chart, my 1st target is 0.000074 - 0.000075
2nd target, for the inverse H&S, chart below
The only issue I have with this setup is the 2 wicks on the 12 HRLY as it makes the stop limit loss more than I like.
Please give me a like or tick for this post.
Regards,
S.Sari
12 HRLY chart - displaying major levels
As the friend said, a inverse H&S as well as the main target
ONTBTC, Ready for great growth !!!Ready for a 40% profit!
Hello friends
I have been following ONTBTC for a few days. I think we have a great opportunity for good growth.
Given that the Time frame has cut the MA200 daily and is currently at the top of the cloud, we can easily expect a good growth from ONTBTC.
Target 1: 0.0000801
Target 2: 0.0000909
Target 3: 0.0001051
Stop 1: 0.0000530
Stop 2: 0.0000500
Please trade and sell according to your opinion and discretion
..Navid ..
ONTBTC Trade Inv. H&S| Volume Profile| 200 MA Resistance Evening Traders,
Today’s Analysis – ONTBTC – breaking its neckline zone if it’s Inverse head and shoulders. A retest and hold of the .618 Fibonacci is a long opportunity with defined risk.
Points to consider,
- Macro Inv. Head and Shoulders
- Neckline support (Retest)
- 200 MA Immediate Resistance
- Oscillators Neutral
- Volume Profile in synch
ONTBTC has broken out of its macro bullish pattern; the technical target is in confluence with structural resistance.
The Neckline retest will allow for a long entry with defined risk. The S/L placement logically is at the recent thrust candle.
Retest and hold of the neckline will solidify it as support and further confirm the reversal pattern.
Immediate resistance is the 200 MA, price initially has respected it. Breaking this resistance will be very bullish; reaching the technical target will become more probable.
Both oscillators are neutral in retrospect with the pattern. Trading above the 50 level gives a bullish bias in the market.
The volume profile is in synch with the pattern, the recent volume spike confirmed the neckline break. Volume follow through will be key when reaching the technical target.
Overall in my opinion, ONTBTC has a very clear inverse head and shoulders at play. Retest of the neckline, (.618 Fibonacci), is a valid long entry with defined risk. Breaking above the 200 MA will increase the probability of reaching the technical target.
What are your thoughts?
Thank you for following my work!
And remember,
“Amateurs think about how much money they can make. Professionals think about how much money they could lose.” – Jack Schwager
Ontology (ONT) on the riseHi all,
Looking at ONT as one of the alts that moves pretty nicely these days, we can clearly see a new higher high was printed today at .670. We are also above the uptrend line and there is plenty of room for growth if the we manage to close above this level and consolidate on daily.
Target up:
.690 - very important as this is where the 200-day EMA sits currently.
.710 - which was mainly acting as uptrend support, but still its a level to watch for.
.740
Cheers,