


EstebanH
This is one possibility on my mind. Notice H&S in formation confluent with trendlines
Shorting again, trying to increase my +3268% ROI from October. I follow this idea
Bear possibility if trendline doesn't hold. Volume is an important indicator and this up looks as RETRACEMENT
Bearish divergences on RSI and Volume. ADX losing strength and Stoch on overbought. S/R Area
Volume divergence with a first good response by bulls. Not ruling out some bear trap below previous support.
1. Fibonacci level support 2. S/R area 3. Support trendline 4. Lowering volume - strong divergence Resistances signaled with red arrows.
You bulls better take profits.
Principal scenario described based on S/R and volume very easy.
Look what happened before on this bear market when on 5D stoch crossover on oversold territory: Minimum 50% up
Here i share from ATH what happened after strong bullish divergences formed during 2 months
After BTC found kind of support, some alts could move upwards. HOT is planning going inside this ascendant channel, after breaking EMAs. Lets see the indicators: 1.- MACD signal crossing ZERO line. 2.- ADX entering again to trendy area with DI+ dominating. 3.- RSI over 50 4.- Stoch crossing bullish. 5.- Volume entering after finding support. Not advice, just my journey!
As you can see at the chart, there's a clear symmetrical triangle happening. You need to know that symmetrical is the triangle that most frequently represent reversals. It's true that triangles are usual a continuation pattern, but in this case the TA set up for a reversal is so good: 1.- RSI over 50 and support over there, no bearish signs. 2.- ADX-DI on trendy...
Great shorting trade opportunity after channel broken. No volume on the channel, I assume it was a continuation pattern. Also indicators: 1.- MACD crossing bearish again under ZERO. 2.- RSI under 50 and going downwards. 3.- STOCH far away from oversold 4.- ADX on sideways but DI- dominating and growing. 5.- PA under EMAs as a resistance. ENTERING SHORT - JUST MY...
I thought 12H 233EMA was going to be tested, but there's a good chance this channel is breaking downwards till 7K area. After the last up, middle part of channel was a great resistance, and bull volume never appeared. After 4 touches, channels can break easily and next support area is around 7K. Indicators: - MACD is about to cross bearish in bearish side. -...
Long bullish set up with a great volumed white candlestick: - MACD crossing bullish. - RSI over resistance 46 area and supported on it. - Stoch: Bullish divergence on oversold and getting out. - ADX just diminished to sideways but growing again the distance between DI+ and DI- - Breaking 55EMA (since long time ago) after a higher low happened. LONG IT IS. Just...
Moving inside paralel channel, I am going to scalp the upper part of it. I will stay if resistance breaks again. Note that 4H-1H are bullish. Indicators: - MACD signal crossing ZERO LINE - ADX sideways DI+ dominating - RSI over 50 - Stoch dangerous on overbought.
Daily chart. Every indicator is showing bullish while PA is breaking EMAs and the bullish crossover is near. Volume defines S/R areas on red line, more or less where i will take profits. Indicators: - MACD signal crossing ZERO line - RSI breaking 50 and supporting - ADX on sideways but DI+ dominating. - STOCH is crossing bullish outside the overbought PA...
Quick scalp after looking indicators on bullish side and EMAs acting as a support. On 1H-4H MACD is on bear side but 0.786 is achievable.