Maybe a cup and handle in the formation? Long for me as long as it's trading over the 99 daily moving average... Good to jump out during the consolidation moments and back in using the Fib when close to the support levels.
Trading in the most beautiful upward channel. Beautiful if you arent' thinking short anyway. Too volatile for me to short the channel highs, buy low channel and sell high. Use the 5, 15, 30 min, whatever works for ya. BTC is taking names today and killing the short stops. Swim with the fish and getting ready for the halving coming up.
I learned recently to...
BTCUSC trading in a ascending channel (consolidation) from the big move down a couple days ago. It's at the top of the channel so good short opportunity on the 30 min chart. Ultimately this pattern usually breaks down to lower lows so long term may be a good short and or play the short and long in the ascending channel only.
My feeling is if BTCUSD closes below or around 6900 on the week, based on the declining volume on the weekly, will be a good short in the upcoming week as we're due a red candle with the declining weekly volume. If it closes above 6900 and or above 7200, good long buy my money is on the short coming up based on volume and the overall recent breakout from the...
Buy the Break, Short or Long. Upper break, go long, lower break, go short. Wait for the 2 15 min candles to maintain outside the triangle to confirm the move before purchase. Trading in the triangle will only catch back up to you long term, protect your money until the break. (Not a financial advisor)
On the daily, I am expecting ARKBTC to gain steam once again and ride on the 20 Moving Average. The Stoch RSI indicator 'not shown' is bottoming and about to turn up on the daily. I say it's a good opportunity to buy and set your stops at the percentage you prefer just below the pennant support line. Increasing volatility expected in the next several days so be...
Guys, looks like a guarantee up... ARK moving long next 1 -2 days for max profit. Then take profit... If you are brave, stay in and ride the waves on the 5, 10, 15 and 30. ARK will be high volatility next 24-48.
After several days of consolidation, the MACD is coming around for a long position of ARK. Keep your eye on it...
Ark has lots of movement so be very careful of you entrance and exit, seems to be a good day trading pair with several +1-2 pct moves through the day. Will yield good profits if you buy in a very low RSI after a daily dump. Overall, I do not like...
My take has been, until BTC comes down and hits that lower BB on the weekly (currently approaching 2K), the lower BB will continue down. It would be better for a solid hit at 2K for a real bounce and then we can talk about going long. Until then, it's a short for me..
Next real stop 3K, then 2875, then 2K
Ethereum is currently staying in the red on the consolidation thus far from 1/28/2019. As long as ETH stays below $106, I will probably maintain the Short from yesterday. If ETH crosses and holds above the $106 current resistance Fib Level, it could gain support and present a short term long opportunity. Overall, I say ETH will come down to $83 as it did not...
It appears to me that with a declining RSI, the Stochastic RSI in the middle of a down on the daily chart and the MACD crossing over, there is nowhere for BTC to go anywhere but South. Would love to see the BTC Whale(s) buy back in but I am sure it's got to come down to 2.8-3K before we see that happen. Just a guess at this point but looks probable.
Looks like Bitcoin is stuck in the red. Note the support and resistance levels in the Fib Chart from the most recent downtrend. It would have been nice to see it trend up to the 50% fib level however since it hasn't yet, very possible coming to test 3175 again. Just a guess this moment but usually the Fib Chart holds up.
Using a day chart on ETH from the (most recent) November 2018 downtrend, it appears profit taking took place up to the 50% Fib Level, then retraced lower as expected from a selloff. ETH has been dancing around the 116 Fib Level however not holding steady for a bounce. Looks like a good short down to the 83 level coming up if no hold at the ~116 Fib Level.
I have not tried this for many other pairs but this is working for me with ETHUSD on the 15 min chart. After looking at several indicators, entering in at the wrong times, being in long when I should be in a short or out, the frustration led me to really try to find where the best low to buy into would be, I discovered that if I set the Stoch RSI indicator with...
Trading within a pennant and there should be a big move on or before 1/20/2019. It seems likely of a move downward as the negative trend and recent consolidation but no guarantee so watch for the move and avoid a fake breakout.
When the MACD looks like this, only one thing to say. WHALE
Hard for the trend to be your friend in this game when there are killer whales swimming around.
