No brainer long on avax. Small bullish harmonic but price contraction means incoming volatility. Day over day seller exhaustion. and target for retrace is at minimum 50% which is 5:1 R/R +22% / - 4.44% Sure stop loss is tight but it can be 5% as well. I just like the golden ratio of 4.44. {#AVAX $AVAX #AVALANCHE}
4hr Complex Head-and-Shoulders Bottom. 70% of breakout 3:1 risk to reward Will play out if macro doesnt reverse.
Sellers look exhausted. ADA at critical levels where it could majorly mark up. Very easy to manage your risk. Min profit level is the 20day channel average.
2.1.2022 Entry Trigger: MACD Bearish Divergence after mark up phase. BTC Just made the same high 3 times and is starting to pivot here. What do we know about the rule of 3 as traders? Lets see how bullish btc is. Not a mouth watering short but if on the off chance the demand line doesnt hold, this could dump down to lower levels very fast. Stop loss right above...
ATOM is up over 12% today. Hard stop at previous resistance. This should be a level where traders take profits. 3 - 1 trade and if we dump to back test the vpvr that will be a lot more than a 3 to 1. BTC is showing signs of a possible pullback as well after breaking a local supply line. Lots of bearish harmonics on atom lower time frames but there is no edge...
Ive been experimenting with the strategy of going long and short at the same time, in a way. I know theres a name for this strategy but im forgetting it at the moment. Anyway this strategy has been very successful for me so I am trying to document it more because I've been opening a lot of trades at the same time and its becoming hard to keep track of them all....
SNX IS LOOKING GOOD. I see bitcoin pulling back on the weekly. Once its done. Snx could perform very well. Weekly macd divergence is appearing.
Ive always wanted to visualize trading in a 3d space. One day I found myself making a cube. Im contemplating somehow turning this art into a trading style. Lets see
Good TA education opportunity here. We got 3 shooting star candlesticks before ETH reversed. As we know shooting stars are reversal candlesticks. Always be on the lookout. The rule of three is big in the market. Market participants are always looking for confirmation of strength or weakness.
Being an contrarian trader means looking for things that most people arent. Always looking for distribution patterns. If we fail to break out of this range then this might be another wyckoff pattern. Decreasing volume, lower high on RSI. This has a lot of the makings of a distribution pattern but as all good traders know, nobody knows the future so it very well...
These patterns occur on multiple time signatures All patterns have the capability to fail Nothing is guaranteed in the market but being to identify these patterns can help minimize risk and prevent unnecessary trading.