MattieDsCryptoLounge

MattieDsCryptoLounge Updated 

End of bull trend? These last few days we see more and more people talking about the upcoming Death Cross on the Daily BTC chart and the "2019 fractal" as you can see here below: A Death Cross indicating the end of a strong bull trend. In turn the start of consolidation/correction or even a longer lasting bear trend. Following the explanation of a Death Cross...

MattieDsCryptoLounge

TA explained C-Fork long setup for BTC. Waiting for the pullback of the broken descending trendline to get the trade activated. Entry range is covering Fib 0.382 to 0.786 levels, so we can expect at least the upper entry to get hit. SL is placed below the latest low. If prices reaches there again, the new local upward trend (HH --> HL) would be invalidated. The...

MattieDsCryptoLounge

TA explained Low TF long setup for LINK forming an ascending triangle after breakout of the parallel channel. Trade setup Best entries: 30.987 - 32.025 TP1: 34.025 TP2: 36.536 TP3: 39.441 SL: 29.665 RR: 4.41 Max leverage: 3x ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)

MattieDsCryptoLounge

TA explained C-Fork long setup for BTC. Price made a huge drop two weeks ago after which a bounce happened followed by some consolidation. First trendline was broken and after that a higher low was created. Second top was created which serves as the connection point for the fork line of the C-Fork. After the rejection a new higher low was formed followed by a...

MattieDsCryptoLounge

TA explained DGB forming a reversal pattern at the bottom of the parallel channel. Using a tight stop here in case it isnt able to reverse after all. BTW this is a VIP trade signal, don't tell anyone... If you want to join for more trade signals, let us know. Trade setup Best entries: 0.12675 - 0.13090 TP1: 0.14274 TP2: 0.15572 TP3: 0.16942 SL: 0.12091 RR:...

MattieDsCryptoLounge

TA explained EOS broke out of the long lasting downtrend which developed within the parallel downward channel. Price broke out and pulled back towards the broken trendline. A little more pullback can be expected which might also wick through the lower entry price. Final target aligns with the 0.618 fib retracement level. SL is a bit wider than usually, risking a...

MattieDsCryptoLounge

TA explained ALICE broke out of the descending parallel channel. Currently in a pullback. A retest of the W-neckline can be expected and the entry zone is positioned between the 0.5 and 0.786 fib levels of the latest impulsive move. Trade setup Best entries: 12.910 - 13.758 TP1: 15.181 TP2: 17.477 TP3: 20.645 SL: 12.023 RR: 5.61 Max leverage: 2x ————— Do...

MattieDsCryptoLounge

TA explained XVS made a strong impulsive move since the start of 2021, now it formed a new structure around 34 - 46 usdt which could be considered a support area. Price bounced on that price level to confirm the area as support, now creating an ascending triangle locally which on a breakout could trigger bullish continuation. Given SL is at 39% from average...

MattieDsCryptoLounge Updated 

TA explained 1INCH forming a C-fork and broke out of the trendline. Just above the trendline its forming a bull flag or a descending parallel channel. Trade setup Best entries: 4.0088 - 4.1235 TP1: 4.3268 TP2: 4.5260 TP3: 4.8091 SL: 3.8274 RR: 3.08 Max leverage: 2x ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can...

MattieDsCryptoLounge Updated 

TA explained ROSE retested broken resistance clearly turning it into support after bouncing multiple times from this area. Forming a W-formation now. Price is consolidating at the neckline, a breakout will trigger a bullish trend. SL below the support area. Trade setup Best entries: 0.09749 -0.10079 TP1: 0.12090 TP2: 0.13258 TP3: 0.14578 SL: 0.08205 RR:...

MattieDsCryptoLounge Updated 

TA Explained GTO broke resistance level with a massive impulse. Now fully retraced back, tested the support area and forming a falling wedge. A breakout of the wedge will, most likely, trigger the next impulsive leg up. Trade setup Best entries: 0.01756 - 0.02020 TP1: 0.02637 TP2: 0.03281 SL: 0.015 RR: 3.53 Max leverage: 1x ————— Do Your Own Research (of...

MattieDsCryptoLounge

DISCLAIMER: Im not an Elliot Waves guru but only use the waves as a reference of a trend. BTC seems to have finished a three waves correction after which is seems to have started a new trend. What we know about trends is that it moves in waves as well, impulse correction, impulse correction, impulse correction... On a lower timeframe we can see a perfect...

MattieDsCryptoLounge

TA explained YFII created this huge W-formation. It seem to have completed the pullback of the latest impulsive move and ready to go for a retest of previous top and surpass it for higher targets Trade setup Best entries: 1994 - 2292 TP1: 3199 TP2: 3994 TP3: 4903 TP4: 5997 SL: 1599 RR: 7.03 Max leverage: 1x ————— Do Your Own Research (of course) Trade at own...

MattieDsCryptoLounge

TA explained TRB consolidating just above broken resistance and "around" the neckline of the W-formation. Trade setup Best entries: 35.681 - 38.350 TP1: 42.373 TP2: 48.003 TP3: 54.764 SL: 32.371 RR: 3.86 Max leverage: 1x ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)

MattieDsCryptoLounge

TA explained PNT painted a huge bullish candle when breaking the resistance level. After some consolidation it was broken again and price was able to fixate above that area. Price confirmed support area after bouncing multiple time from it. Local descending trendline is broken which could be the start of a new bullish trend. Trade setup Best entries: 1.3099...

MattieDsCryptoLounge

TA Explained RVNUSDT did a full pullback to the fib 0.728 level as can be seen in the below snapshot: After breaking the descending trenline, a bullflag is being formed, about to break out. However one more dip could be expected as well, which would give the second entry for this setup. Trade setup Best entries: 0.14991 -0.16440 TP1: 0.19931 TP2:...

MattieDsCryptoLounge

TA Explained After a strong impulsive move CTSI pulled back and formed a support area. It dropped below it twice but regained it now again. Price action is forming a W-formation now. Consolidation at the neckline would increase the trade probability. Trade setup Best entries: 0.18439 - 0.20996 TP1: 0.26322 TP2: 0.34242 TP3: 0.41718 SL: 0.15344 RR: 5.09 Max...

MattieDsCryptoLounge

TA Explained CELO perfectly retested broken resistance level after breaking it mid February. Resistance turned support now, ready to prepare for the next bullish impulsive move. Trade setup Best entries: 3.8922 - 4.0991 TP1: 4.9649 TP2: 5.4783 TP3: 6.5893 SL: 3.4656 RR: 4.85 Max leverage: 1x ————— Do Your Own Research (of course) Trade at own risk (of...