Multiple things here. Change of trend, flipping that resistance to support + successfull retest. Volume pop, spot cvd. Good for a 2x here.
So we clearly broke out; we have momentum here and that means I want to take more alt long trades on lower time frame retraces, I will share a couple of setups below. Yeah, there is that small chance that we fall down below (again close a daily below 60k etc) but if that happens, tough shit. that's markets and trading anyway, you gotta take a chance when you see...
Trying a tight stop loss trade 3R for Rose the breakout with volume might take us to the supply
Leverage- Your choice 🟢 Entry 1210-1230 Take at least two limit entries across zone for better OTE TP areas 1) 1249 2) 1269 3) 1295 *any remaining position to be closed based on chart* ❌ SL 1190 ETH is ranging. I know it all looks bearish and shorts are piling. TA is there, but my feel is Eth looks okay to retest the top of the range before going any further...
New Signal 🪙 WAVESUSDT Risky trade Type: Long Leverage: Trader's choice Position : 2% 🟢 Entry 30% current at market and DCA up to 1.525 Take at least two limit entries across zone for better OTE TP areas 1) 1.605 2) 1.649 3) 1.692 any remaining position to be closed based on chart ❌ SL 1.48 Volume accumulation. Looks like Inverted H&S in macd multiple...
Type: Short/Bybit Leverage: 10x-20x Position : 2% R/R : 4.7 🟢 Entry 0.1710-0.1735 *Spread entries across zone* TP areas 1) 0.1640 2) 0.1565 3) 0.1505 *any remaining position to be closed based on chart* ❌ SL 0.177 I am trying to catch a short on Looks but at this moment, with OI (Open interest) increasing and funding rate taking a deep dive, seems most of the...
Imo, this chart provides some good sol spot buying areas that we could look out for in the coming days. With the recent price action, we can see that $18-$18.5 will be a key resistance to break, to move to the upside and grab liquidity on to that $24 wall that we need to battle next. On the downside, I'd definitely ladder some buy orders in at $10, $8 and $5-$6...
The image is self-explanatory guys. However, the thoughts are- The volume is dropping, the OBV is on the decline, the RSI shows bearish divergence and the price is trying to head up - This means, trade with caution! Clearly, we need to break through and retest successfully R1 to be considered bullish. Anyone else calling this bullish at this point is...
Simple chart guys, the support has been tested a few times and held well. Price broke out of the channel and is trying to go up, the OBV is showing strength and the RSI has bullish divergence. The volume around the support has been increasing for the last few weeks. If BTC doesn't do anything crazy, picking up some MIR as it tries to dip into the support zone...
As you can see, BTCUSD is weaker than what it was a few days back. There is a clear ABCD pattern unless it breaks out from the descending triangle. We can expect BTC to reach $38-$39k within the next 6-8 days.
It was quite clear from the 4H chart reading in the last two days that EGLD was due for a massive correction, and that is healthy at this point. 4 days back EGLD was quite oversold. Today EGLD broke the long downward channel just above 151$ but has been retracing since then, but within that retrace pattern, we can observe a subtle cup and handle forming. If EGLD...