If this bounce on BTC shows strength and is sustained, it opens up the possibility for an inverse head and shoulders reversal pattern. Obviously this is speculation and we are very early in this pattern, but I think it could definitely occur, especially considering the fact that we are oversold on all major timeframes and we are due for a bounce. I like BTC here...
I'm shorting BTC here for a scalp. I don't like the failed attempt to break the 20 EMA on the 1 hour and we are looking really weak on volume. My entry is 6338 x25. I will take a SL if I see a 1 hour candle close above the 20 EMA. Stoch RSI is high but every other timeframe is very low and ready for a bounce. Either way it goes this should be a quick trade.
BRD Looking good here for a low-risk long and a tight stop-loss. I like BRD from this area of support. It's been trading in this range for a while and I think with alts cooling off across the board, this is a good add with low indicators.
ETC looking good here for a short term bounce back into the bollinger bands. We are on the outside of the 1 hour bands with a low stoch rsi and rsi. We haven't had a bull t3 cycle in a while and I am scaling into this trade around .00256 down to .00251. We also have some support from the former ascending triangle resistance.
I love ICX here. With a sustained bounce for BTC over the past couple days and alts looking good, I think ICX will be one of the big beneficiaries of the next alt season. We appear to be bouncing from this accumulation zone and we are close to major resistance. Volume has been great showing obvious accumulation at this bottom. Would not be surprised at all with...
I am building a 10x long position on ADA on Bitmex right now. The 1 hour chart looks prime for a bounce and from there I will reevaluate as we go. I will probably be aiming for a 2-5% bounce on this one. I like to scale into my entries with low leverage to mitigate risk on Bitmex.
XLM looking really great here. I'm starting a bag with a stop loss below the horizontal support. I believe that on an alt rally this one will fly because there's a long term resistance near. If we can break that, it will become a very profitable trade. All indicators at the 4 hour timeframe are looking great right now as well.
I am accumulating a long position here at the bottom of this falling wedge that I see. The indicators also look great as does the 4 hour time frame. I feel safe with this position because the 4 hour chart also looks ready for reversal and we are near the neck line of our inverse head and shoulders. I will look to exit if we break downward out of the falling wedge...
As I've said before, I like to accumulate my leveraged trading positions at 10x leverage and a little at a time to mitigate risk and ensure I get a good entry. I like LTC a lot here as I see a potential giant falling wedge on the 4 hour. LTC has been suffering for a while but I think we at least see a short term bounce here. I have stops below the wedge support...
VEN is a great project with solid fundamentals and a really strong community of people who believe in it. I think long term it is one of the best crypto investments out there and I love VEN on this dip for at least a short term trade. We are oversold on every significant timeframe and I think a bounce here is inevitable. Aiming for resistance. If I don't get...
I am aiming to build low leverage longs in that box while the 4 hour and 1 hour indicators are reset. I think we will see a strong bounce and the price action from today does not concern me at all. I don't have a stop loss on this, I will keep averaging down until a good bounce and then reevaluate the trade if I need to. Will probably aim to jump out when the 4...
I definitely could see this playing out and I've been waiting for a significant dip with the daily stoch rsi being capped out for days. I think we will cool off to 6200 at the lowest and then let this inverse head and shoulders play out. Fingers crossed!
Entering TRX here with a tight SL. I see a giant falling wedge with a good volume spike and indicators starting to turn up. Time to long TRX for a bit. Will update as we go along. Hopefully we avoid any BTC drama for the time being.
Bad day for ETC, but great for anyone looking for an entry on this future Coinbase add! I am eyeing the former ascending triangle resistance as new support. Especially with very low indicators. I will stop out of this trade below that support or if Bitcoin starts doing crazy things that bring the whole market down. I am looking at placing an order at .002554.
I'm definitely accumulating ETH right now. The 4 hour ETH/BTC bollinger bands are getting really tight and some big buys have come in recently on Binance. Net buying volume is going through the roof and I feel a real surge coming. I have a stop-loss set but I might not even take it if it hits. We've formed a nice little base here and I'm expecting 10%+ gains.
Analysis by E59192234 NANO Looking great here. We might be entering into an ascending triangle and we are coming off of all-time low levels. I see two possible scenarios here, one outlined by the yellow arrow and the second outlined by the green arrows. I will update as we go. I am still bagholding this coin and am down about 15%. Thank you for reading my...
Analysis by E59192234 I am entering EOS here. We appear to be in an ascending triangle. We haven't yet closed a candle above that horizontal resistance and this momentary dip appears to be getting bought up rather quickly. We bounced off of triangle support and EOS has plenty of catalysts in the coming weeks so I am comfortable holding this coin. I am setting a...
Analysis by E59192234 DGB 4-hour chart is looking a lot like a bull flag. This would be a continuation of the current bull trend. I am also hearing whispers of a possible big listing coming up, so I'll be looking to enter when the 4 hour RSI is oversold or on a break of bull flag resistance. Thank you for reading my analysis! Please consider...