I expect heavy volatility in coming days when price breaks out of triangle.
$VET broke above 3 month resistance I'll be taking some profits on 145 sat and 160 sat.
For those who missed the run or took profits already. Entry 8400 sat.
If it breaks above 845, we could see a substantial move * huge bullish divergence on RSI (and some other indicators) * it finally started making higher lows * clear resistance / clear breakout
$BTC bearish divergence painted on many indicators (MACD, Stochastic, RSI, MFI). Its' not best practice to open a trade just based on divergence, but it's a clear sign bitcoin is losing power. If it manages another push to the red area I'll probably add to my short position. Plus we should never forget the big picture - we are still in a bear market, so short is...
Last four times when margin positions on bitfinex were that low major dump followed 30-40%. Will pay close attention on LONGS and SHORTS in coming days.
* I was hoping for a pull-back to the 200 MA area, but it is very likely it wont happen before the next leg up. * Also the previous run had just over 50% retracement before continuation. * If the main net date gets published, the price could skyrocket
Both outcomes are possible, but I'd say it's 60/40 in favor of going down.
* short top of the range and long the bottom * $BTC tried to push out, but did not succeed * bearish divergence spotted on many indicators * short $ETH instead of $BTC because it has more space on the way down
Descending triangles have bigger chance to break to the down side. I think this one might go the other way. I wouldn't enter before the breakout though.
FET will soon make a double bottom. From there there is a good chance we will see a bounce to the upper side of the channel. I'll be closing my position there . If breakout happens that will be whole new trade.
If $VET pushes out of the range, the first stop is 200 MA and the upper cloud boundary.
Earlier this month $ZEN broke out of the massive falling wedge and started an uptrend. Currently it is inside a channel, but if it breaks 0.00146 it could go parabolic.
Keeping an eye on $BAT. Ideally it will stay in this bull flag for a bit longer, confirm the resistance and then go for another leg up. I'll enter on the breakout, if indicators won't persuade me otherwise.
Probably good timing to get some $MFT. Price near support, great R/R, bullish divergence on MACD plus Mainframe OS v0.2 public release coming in March.