If BTC decided to turn around before the end of the month then the alts will get some love as well. Waiting for this trade to set up. If we get a good rally on the breakout with some decent volume, the probability of catching a safe 15% gain is in sights. Check out the previous tight channel break outs by the first two green arrows...
NEO what happened? It was so strong this month, and very resilient during the drop. Now we have some Divergent RSI showing so close to all time highs NEO is running low on new buyers. I know how much I want A slice of NEO but I don’t want a losing slice. Keep the stops. If it breaks through the first stop wait for a bull confirmation on the daily before adding...
The flat lined SMAs show that there hasn’t been that much action for LTC this month. I got a good fill on this order by placing it at the close of previous structure support. The jets have been on full throttle since recent news came out that “LitePay” a new payment processor is about to launch. Price has reached targets in less than 72 hours. Anything could...
IOTA has been quite volatile this January with so many large wicks. The RSI is showing bullish signs but price will be up against resistance soon. Reminder to self: Don’t panic. It may take longer than other top coins to find its footing at the first target.
INS is the newest coin I’ve bought. I like the concept and decided to play it. The dip hit and price has yet to recover. Price is up against its short but only major resistance. Good to see volume grow with interest. Good news will go a long way for INS this week. I believe the direction price is heading out of the downward trend line will continue this week...
ETH was top dog in January. So much so that there was almost the possibility of a true flippening. The dip has reset the clocks and bulls may be taking a step back this week. Good news is there are multiple support levels that will be coming into play this week. I expect range bound action for the rest of the week. Keep stops in place. Let it ride. Remember the...
Eos has had a great month with loads of volume, and lots of hype behind the project. But trying to avoid bull bias I notice that there is some RSI divergence on the last two big dips. This is a sign of weakness. The bounce off recent lows was strong but hasn’t lasted. Expect a retest of the recent lows this week. Keep an eye on this weeks pivot points for finding...
ELF did quite well during January finding all time highs, and retesting them just before the drop. This presented an obvious buying opportunity on major support. Elf is currently consolidating while the market decided what it want to do. Closing above the first minor resistance will lead for a retest of the highs. Keep stops at 10% if the bears come back for a...
Civic has been in a large range this January finishing with some tight consolidation before it was overcome by the sell off. There wasn’t that much volume with CVC and it struggles to push up towards major resistance. Keep my stops and let the market decide on this one. Don’t risk more on a mediocre probability.
Even after the sell off we continue to get higher lows suggesting bullish momentum will continue. Although there has been some consolidation since January. This week the bullish momentum will continue if price closes above the 20 day sma. Closing below will retest the low of the dip and could mean a bearish reversal is ahead. The first resistance will be around...
During the sell off ADA broke below some major support but didn’t quite dip to the next lever before BTC started heading back up. ADA had a strong recovery. Although we had a sell spike, bulls have won the day. Price is currently testing the down trend line. If it breaks above and stays above on the daily then it shows market conditions are turning around. If not...
I: Retest of support after Ripple Hype had died down P: If support holds and a breakout occurs it will carry up to previous structure D: Entry aimed low without confirmation of trend reversal in anticipation for a breakout. E: Trade quickly turning against me. May turn around if its a green day in the market.
I: Price has broken major trend-line, rallied back above and come back for a retest. P: Price will find support and head back towards the major trendline before resistance is found D: Get a good price to increase R/R E: we got a small rally and I kept my stops in place. RFE: Retesting trend-line after finding support Lesson: The trend is your friend. Don't go...
Think like the other traders add a point to find high confluence Add up the points to find the kill zone: Major resistance level 2 Minor resistance level 1 ABDC Harmonic 1 Fibonacci extension 1.27 1 Fib extension inversion 1 RSI Over bought 1 0.77500 Psychological...