Alien2a

Alien2a

it's a very simple trend analyses on time frame : daily having broken the recent reliable trend very nicely one can say we have big gain ahead of us but it all depends on the momentum of market so put your stop loss and take profit levels wisely. have a good one and as always make a choice. good luck *(whatever that means)

Alien2a

i have nothing to say you can see trend and indicators and broken trends . if bitcoin dominance does not F us then it is what it is. golden rule ; " whatever you do just know what you are doing " good luck traders.

Alien2a

it's one those lovely charts that you can trade with your mind at ease , reasons : 1-reliable static support (reacted many times) 2-very slow but noticeable change of trend for the past 2 month 3-dynamic support is looking good enough 4-macd and stochastic rsi indicators are telling us we have a relatively safe position to take a trade 5- divergence is also quite...

Alien2a

tricky area but high reward/risk ratio. strong support. may take a week to start the next wave. but dynamic and static supports are very intriguing so make a call. have fun traders.

Alien2a

personal analyses . a bit too risky. so triangle is obvious. you can see head and shoulders. just monitor the volume and hopefully you can make a decision ! good luck

Alien2a

it's quite simple TA but nothing is certain in this game. also indicator wise seems OK. standard risk/reward ratio. good luck.

Alien2a

fibo retracement and chart patterns. combined. pretty simple. it is my take.

Alien2a

its fibo replacement analyses you can do it and i considered structures and patterns and that's my perdiction.

Alien2a

targets and buy area are from fibo retracements and as you know mid term trend line has been broken upwards and the buy area is a pullback to the trend so mid term profit will be way more than this probably 30 - 60 percent but i do short term trades so this is pretty safe i think . remember trades can always go wrong so be sure to stay committed to the stop loss !...

Alien2a

long term trend + mid term trend + short term + we have a obvious triangle and this long is if we have momentum conformation via macd rsi stoch and candle so keep an eye on it and watch the momentum in 1hr timeframe

Alien2a

make a choice it's targets are from fibbo retracements and trend line is obvious in 1hr

Alien2a

pretty obvious channel also we might have a abc down trend up ahead .

Alien2a

elliott waves putted simply good luck

Alien2a

its the same pattern that happened many times if you look at the chart very simple really. thank you

Alien2a

so as you can see we have a broken trend here to the downside and the short-term trend is also toward down but since the trend is not strong or lets just say impulse is not that strong meaning we have a chance to enter at the shown box and wait for momentum to shift as enter for short because the overall short-term trend is downward and it is pretty obvious ! good...

Alien2a

so given the chart pattern we have a broken trend on daily but in weekly everything is noraml and we can see that there is a good chance that market will hit the area and then we can look for entry on 4h timeframe where momentum shifts so you can take short here to that area with your own R/R but on that area based on fibo retracement on weekly you can look for...

Alien2a

so we have a triangle before us but with a probability of breaking towards up at least of course trend might break to the down because of the double top so that's why we have a stop loss at that position .

Alien2a

so trend is obvious and to the downside and we used fibo retracement and ici strategy personally i don't see an strong reason not to take this position. good luck.