Small BoT trade on MATIC since 2nd July taken half profit on the double. The rest to ride. Target green box. $1-1.20 unless it fails, trailing stop.
My first go at BoT kind of worked though I do think I got lucky. I did take the trade so. Well done this time.
I thought I would publish this trendline that Gala has been slowly walking up. Long from the 2nd Feb .18c. It might be a buy still but at this point, I would wait for a pullback and bounce off the 50% on Willy.
Further TA with Elliot Waves. If bitcoin bounces at the 161.8 the fourth wave is validated and we could continue up to form the 5th wave with a target of $51,500 with resistance at the previous B and 50% retracement level previous ATH.
1) Getting close to Reload Zone
2) Willy is still high but might go lower as a confirmation to buy
2) Fib Ext show previous highs looking left, giving the price room to revisit old highs
Showing a large W in the weekly chart.
Looking for a Key reversal sign in the candles.
Ontology's run in this bear market is quite fantastic. It has excellent fundamentals and the 24hr trading volume rises and falls with each rise and correction. It could reach the levels of NEO in terms of being a top 10 coin, very quickly. Short term, I think $5 will be a psychological barrier for this coin and looking at the Ext Fibs a pullback soon is highly...
As I have seen from other TA's Bitcoin is in a descending triangle and once that process is over I expect a bounce up. How long till a reversal? I hope this will hold until Monday night. I expect a fast fall down to one of the support areas, previous low 6400 and possibly further down to fibs -272 -414 $6100-$5900 once it meets some buying Volume we can break the...
It's been a sweet run on Ontology, where will it end? What is the sentiment value of this coin? $5? If it's the next NEO can we see it at $50 by Sep/Oct?. At the moment it is testing previous RSI support. Fingers crossed it bounces , yet again and continue on it's Harmonic run up. I expect to hold my position in Ontology for the next 48hrs.
Now that the market has started to move for Bitcoin the rest follow suit. I see the FIB retracement is the area to buy in $192-$205 green box.
I'd choose a stop loss at 201 in case it goes lower.
Volume is still low and the STOCH, OBV, RSI are in low areas.
I will wait for confirmation of an uptrend, 203 might not be the bottom I can't see it going below...
I am new to charts and cryptocurrency. I have no idea how or if Elliot Waves fit into modern sentiment but I do like Fibonacci and the natural way of waves.
I also believe Markets and people tend to move in crowds. Fundamental Analysis is useful for Crypto up to a point.
Let's face it, it has no intrinsic value (YET) other than speculation. What are you...
I have been scalping Litecoin lately on dips and surges but looking at the bigger picture on the Daily chart interest has been slowly diminishing since the initial bounce on Feb 13 and since Feb 20. Volume and Momentum have been in decline.
My unprofessional guess is all eyes are on Bitcoin and when it will fall out of the current wedge. Which no doubt will bring...
