I've been looking at it for month now, very good buy for a swing trading
You see this RSI ? Remember very closely this pattern, because you'll see it many time in a bullish crypto market. I mean, on very bullish alts. Let me explain it. This RSI show no signs of exhaust. Prices stay close to Moving Average. Even though we're under resistance, prices stay high and doesn't dump very low. RSI doesn't even make a new low. Guys, this...
For the moment, i'll keep buying alts coins for the very short term. I leave them when BTC is making a move like yesterday when it broke 19k. But its like if altcoins pumping were the one that made a new low after the btc run. XRP/XVG/KMD/... and now ... AION ?
So yesterday, I was saying we were struggling going upward, no volume, and called a come back around $9,200, here we are. Now, prices are on this support, we need a reaction to adjust our bias. Bitcoin is still bullish on the 4h chart, but we have divergence on the daily chart, and the 1h, 15min charts are not bullish at all. So for now, we need to wait for a...
As you can see on the daily chart (Unfortunately I can't share every timeframe in one analysis), but on the daily chart, we've made kind of an evening star, which is not bullish at all. It shows me that prices struggle going upward and we may see a downward movement. We had a fake break yesterday, and the volume is completely dead. Tomorrow, the US stock market...
We still are bullish on the 4h timeframe, because we have not broken the neutral zone on RSI and not broken major support as well. So for me, Bitcoin is still Bullish, SPX500 is now closed for the weekend, which could let us breathe a little bit, as you know how correlated SPX500 and Bitcoin are. Look at the two dumb I've highlighted, they look very similar. Will...
Ok, we had finally hit the top of the range, to quickly go testing the down of the range. Extremely important: On the 4h, we have touched the neutral zone on RSI, and have not made any lower low on prices. For me, it's not bearish YET. I repeat, Bitcoin, is not bearish yet. He is weakening. But the neutral zone on the 4h is handling for the moment, as it has...
So, on ADA and some other major altcoins, we were seeing some divergence on major altcoins like ADA/ETH/XLM, and some of them are about to beak out and make the last push. The ETH divergence already broke up, we just wait for prices to break out, ADA is about to break, we have a low stochastic and a potential dip and RSI is about to break its divergence. What...
But trading what you WANT and not what you see, is a big mistake. I was expecting a bigger rejection on the green resistance yesterday, to go finding the 9300$, but I don't see real selling signals on so many timeframes. I even see a buying signal on the 15min chart (RSI is on the neutral zone, stochastic is low) so I'm going to keep waiting if I want a proper...
So yesterday was just a waiting day, no trade, and as you've seen it has gotten very volatile in both directions until it hit the previous resistance. So I was just replying to tradingview's DM. Like planned, we're making a range. How have I been able to anticipate that range? Because the 10,500$ rejection was so strong that people get confused after it. We've...
So we have attainted the first target on Bitcoin, and close to the second on ADA. Now like I said, we are ranging on bitcoin, and the fact that we have made a quick pump in one 1h candlestick, reinforce my thinking that we are ranging, so I'll short the high of the range on bitcoin today. We bounce exactly on support and have not broken any resistance yet....
This major altcoin has made the biggest run in the top 50 markets until now, making him the winner of the alt season yet. This run has created divergence against the USDT pair and giving us a short opportunity right now. On the 15min timeframe, we have a break out that have been cancelled, creating an engulfing pattern. I would stop the position if the RSI break...
Yesterday was a good day, I took only one short on ADA because it's quite uncertain yet. We can see these divergences on many altcoins, ADA is the one that has pumped the most (compared to other coins listed on Binance future) during the alt season, so I'm going to short this one instead of others. I see people starting to long EOS, ATOM, ... I don't think it's...
Ok we have bears trying to push prices lower but it's instantly bought by bulls. I think we're in a range with lots of trap. So wait for the high part of the range to maybe start selling if we have signals on the high part of the range which should be around 9900-10200 (maybe higher as in a range we have lots of fake breaks) If you see a huge candlestick over...
Ok, yesterday was a great day of trading, good opportunities on altcoins. However, the volume has been very low yesterday, I think we might see the second wave of the correction coming today, and be ready for a pretty volatile movement. We had our first big red candlestick two days ago, but people are not worried at all, an maybe it's the time to make them think...
Ok if you're bull, don't panic, we broke absolutely 0 support! We just had a scary candlestick after a breakout. The breakout has not enough volume so sustain, if you look at the breakout on the daily chart, it look like nothing, and the volume of the day has been made in 1 candlestick, following that candlestick, there was no one supporting the breakout. NOW,...
AMB has been the most impacted by the bear trend on alts, so, if anyone knows why, I would like to hear it. Otherwise, I'm going to make my own researches on telegram & stuff. Still is a good opportunity I think if it keeps on Binance. If the project is still keeping its deadline and going well, it could be an amazing opportunity. Volume is increasing a lot, and...