Setup: ICP has forming higher highs and higher lows for the 1hr chart. The 4hr chart is also showing an uptrend. The daily trend however is showing a downtrend, so please do not hold on to this trade for long Entry: 19.19 SL: Atr trailing SL at 18 TP: 23.61
Setup: Ascendex has been on a long term downtrend and has broken out from its daily support. It is now pulling back to its trendline which is confluent with the 4h 50 EMA and this will be our entry trigger Entry: 0.21487( 50 EMA) TP: 0.07826( Next major support) SL: 1 Atr above the 50EMA at 0.21665
Setup: PUNDIX has been respecting the downward trend line Entry: Macd crosses down SL: 1 ATR above 200 EMA TP: 0.6( ATL)
Setup: Oxy just got rejected off the 4h 20 EMA. On higher timeframe, Oxy also looks bearish, adding confluence to our chart Entry: When Macd crosses down SL: 1 Atr above the 20 EMA( for a aggression trade) or 1 ATR above the 50 EMA( for a safer trade) TP: Recent swing low at 0.21 or Ride the trend
With BTC and SPY looking bearish and DXY looking strong, it is hard for Luna to break past its ATH. I think the major run up of Luna is an anomaly and as such, I am going to aggressively take profits here even though I believe in Luna for the long term. Survival right now is much more important than making money and the R/R on Luna is not worth it right now. A...
Setup: BTC is going to test the 200 D EMA which is confluent with the green resistance line. If we manage to break it, I will look to go long and set my TP at 50k. If we got rejected off it, I will look to go short and set my TP at 40 500. I personally think we will get rejected off it as the S and P 500 and Nasdaq are looking weak but i hope to be proven wrong though.
BTC is entering a new range between 40 500 and 38620. The 40 500 line is also confluent with 4h 200EMA. To trade this, we will wait for the breakout in either direction. If it breakout of 40 500, it will likely test 45k. If it break down, it will likely test 35 500. SPY is also testing its 200 day EMA and if it gets rejected from that, BTC is most likely going...
BTC is currently entering a new range between 38.5k and 35.5k. It looks like it is consolidating, before dumping further to 35.5k. If it breaks past 35.5k, it is going to test 30k. My plan now is short weak alts and if BTC dumps, these coins will dump even further. Furthermore, these weak alts might not recover even if BTC pumps.
Setup: Ray is on a downtrend and is respecting the 9 EMA. Macd is also bearish, adding confirmation to the trade. BTC is also bearish Entry: 3.09 TP: 2.4771( ATL, disregarding the initial pump) SL: 1 Atr above 9 EMA
Setup: Step seems like it is breaking down from the range. Furthermore, BTC is looking weak as well, adding confluence to the trade Entry: 0.161( 1 ATR below the range) TP: 0.1135 or ride the trend SL: trail using 1 ATR above the 9 EMA
BTC is currently ranging between 40 000 and 45 000. It is currently at the 40 000 support. I think it is clearing the liquidity before moving up. If it dumps below the support, it will test the 38.5 k region
Setup: MCB has been on a strong downtrend which is like my favourite coins from the past: OXY and MAPS. Thus, we will just ride the strong trend down. The MACD has also crossed over. Entry: 4.07 Exit: Trail using 1 ATR above the 4h 20 EMA. There is no TP target as MCB is in price discovery mode
BTC is testing the green line and the 200 D ema at 45653 area again. Good thing is SPY and NASDAQ opened the day with a gap, which is bullish for all markets. That being said, I will monitor my trades closely at the 45653 area and maybe close some of my long trades there. If we break past the 200D EMA, that is a free ride to 50 000 and it will be a great...
Setup: ADA broke out of its range and the 4h 200 EMA , confirming a trend reversal. Entry: 1.234 SL: Trailing using ATR trailing stop loss of 3: currently at 1.142 TP: 1.49
Setup: Avax broke out of its daily resistance line and is now currently respecting the 20 EMA. On the daily time frame, it bounce off the long term trend line and daily support, thus this adds further confluence to the trade. Entry: 84.676 SL: 78.051 TP: 99
BTC managed to break the confluence of daily resistance, long term trend line and 4h 200 EMA in one swoop due to a short squeeze( I was part of the shorts btw..... ). Another good thing is that DXY got rejected from its daily resistance and is now on a downtrend. However, do take note that S and P 500 and NASDAQ is still not looking very strong. My plan now...
BTC test of 40572 is crucial. There are 3 confluent factors at that area. They are the 4h 200 EMA, downward trend line from 69k and daily resistance. I hope we can break through that area but objectively I think we will rejected from that area on our first attempt.
Setup: KNC is reacting off the 9 EMA and has been in an uptrend. It is also above the 4h 200 EMA, giving extra confirmation to the trade. BTC also break out of its tight range, signaling a retest of 40k, giving KNC some room to run Entry: When MACD crossover Stop loss: Trail using 3 ATR trailing stop loss TP: 2.2535