Nevermorejk

Nevermorejk Updated 

BNB dropped below my entry level from the previous idea, triggering my stop. I am ready to reenter the trade. It just had a strong bounce of the previous floor, on strong volume. Price has moved back over the 5/20 MAs on the 4hr and they crossed bullish. With daily RSI and sRSI both low and curving up, plus downward momentum showing signs of exhaustion on the...

Nevermorejk

Some people believe looking at the weekly chart for Bitcoin gives you bad information when working with indicators due to its limited data range (9yrs). While the early days of bitcoin did see some extreme volatility, its normal volatility - which is still higher than traditional markets - has stayed within a reasonable range for the past 5-6 years. So I am...

Nevermorejk Updated 

BTC is showing exhaustion signals on multiple time frames. I have closed all longs and opened a short near this level. Stops are tight on this one. Targeting the 12hr 20MA and previous S/R from the symmetrical triangle formed during most of 2018 - currently both are around 7600-7800 Open interest has gone flat and started to decline on the price rise. MACD...

Nevermorejk Updated 

After the preview trade idea failed I have been looking for a decent opportunity to try this one again. After two bounces on this long term Horizontal support, I think this is the next opportunity. Risk is low as stops can be fairly tight. We are in the buy zone (411-540). I also have some crazy low buys just in case of another wick down. Below is a volume gap...

Nevermorejk Updated 

Daily is in a short term bullish trend for now and we have some resistance from earlier in the year on the log scale coming up around 8k. Expecting a retrace or consolidation due to the lower time frames, so I am looking to open a long position with avg entry around 7k. I have one long open from previous posts and have taken profit on that position along the way....

Nevermorejk Updated 

Daily trend is still bullish and that TK cross above the kumo with price above on the 4hr we likely have more upside on BTC, but there is a good chance it will drop to retest 7170, 7000, and maybe even 6800 Opening a small short position up to 7430. 65% of desired position filled so far. Stop and target marked. This is a hedge. Long position from 6500 still...

Nevermorejk Updated 

If you were going to attempt to enter something, ADA is the only one of two coin in the top 8 on CoinMarketCap that is in a bullish trend against BTC and the market as a whole. 5/20 MA cross occurred and price has continued to bounce off the 5MA as it climes. VPVR shows we bounced from an area of strong volume interest again. Possible Double-Bottom pattern...

Nevermorejk Updated 

I wish I had a really good reason, but I don't. Yes, buying XRP contracts. Starting to buy XRP for a long position here. Averaging down to the lower red support. I will stop out if we break below that convincingly. Horizontal and Volume support level here. Bullish divergence on RSI, and CMF (slight) I am pyramiding these buys and keeping this to a small...

Nevermorejk Updated 

If you were going to attempt to enter something, XLM is the only coin in the top 6 on CoinMarketCap that is in a bullish trend against BTC and the market as a whole. 5/20 MA cross occurred and price has continued to bounce off the 5MA as it climes. Price action is now of the poc on the VPVR. Highest volume area coincides with an OB that offered no resistance on...

Nevermorejk Updated 

Smart Money Has exited the Industrials in a big way since the high in January. Last time the SMI was this low the DOW was at 18000, a whole 7,000 points lower... This is never a good sign, but if the market can resolve this symmetrical triangle in a bullish, that money will pour back into the market and push it to new highs. The Red areas marked are likely areas...

Nevermorejk Updated 

On the weekly, we can still see the 7 month Bearish trend is intact. The price broke the base of the symmetrical triangle at the start of June, and has just been rejected off the previous support, now resistance and the 20MA. The 5MA is still below the 20MA with price also below the 20MA. Bullish minor-trends occur in medium term bearish trends. . The RSI can...

Nevermorejk Updated 

I have already started filling buy orders at this level and have marked the area I am targeting for largest entry. If BNB breaks below the Daily Kumo and/or has a bearish TK cross on the daily I will stop out of this trade. Rounding of price decline likely at this level - oscillators and volume show declining selling pressure and increasing buying at this...

Nevermorejk Updated 

ZEN has formed a long term channel with a slow uptrend. After a blow off top it has retraced to the bottom of this channel. I just bought back half of my original position (Sold in a previous post) I have buy orders down to the lower support which it has wicked to in the past, but I am comfortable accumulating at this level. If it breaks this channel I will...

Nevermorejk

BTC pushed through resistance at 6800-6900 with volume support. Next major resistance is the downtrend slope from January 2018. The bearish trend resistance coincides with a Horizontal Resistance in the 7700-7800 range. If price can close above and consolidate above the bearish trend, we could see an attempt to make the first higher high this year. Bulls would...

Nevermorejk Updated 

Broke the rising wedge and we are retesting, started short at top of wedge, adding to it on retest, short orders up to 6900 as well. Oscillators are over extended on multiple time frames and need a consolidation or retrace soon. Targeting the breaker for short close (green area)

Nevermorejk Updated 

Trading a system with set rules and strong risk management takes emotion out of the equation and leads to better trades. Market looks very bearish all around, but there is a weak bullish TK cross on the 12hr ZRX/BTC chart. And every time it has had a weak bullish TK on the 12hr it was a signal for the start of a bullish run on ZRX. So I am buying. This is a...

Nevermorejk Updated 

NEO A new swing trade opportunity has arisen on NEO. Zoom out of the chart and look at the last two times NEO has made this same Ichi cloud pattern. Price action broke above the Kumo and successfully retested, after a weak bullish TK cross with price action above, and now we have a bullish kumo twist. These are the three signals to open long. The 6hr and...

Nevermorejk Updated 

Multi-Timeframe BTC Analysis 3 Day: We are still in a bearish trend. Nothing has changed there. Broke the symmetrical triangle, and have potentially formed a descending wedge (invalid if price closes below the support - lower red line) Bounces do occur in bearish trends and we have created two points of descending price action (lower highs) on BTC over the...