BTC is in range between the yellow line and green line. Wait for a breakout. Personally i think BTC is going to test the green line, break out of there and retest 30k. So my plan is to look for opportunity to short weak alts, considering BTC dominance is going up too
Setup: Toncoin is constantly rejected off the 4h 9EMA and the big red candle rejection off the 9EMA confirm the breakdown of previous daily support Entry: 2.081( trail with 1 ATR above 9EMA) Exit: 1.77( Near all time low)
Setup: Step broke out of its all time low and is on a downtrend, respecting the 8 ema Entry: 0.1195 SL/TP : Trail 1 Atr above the 8 EMA ( currently at 0.1458)
Welcome to another edition of me shorting coins. Description is in the image
Setup: ROOK is testing its last all time low which is the green line. It is getting squeezed by the 8 EMA and there is a descending triangle formed, signaling a breakdown is happening. When the breakdown occurs, ROOK will be at an all time low Entry: 1 ATR below the green line at 97.21 SL: 108.45( trail using 1 ATR above 8 ema) TP: Trail using 1 ATR above 8 ema)
Setup: Atlas breakdown of its range, hitting all time lows, excluding the initial candle pump, following the 8 ema Entry: 0.0708955 TP: 0.05 SL: 1 ATR above 20 ema( to be safe) at 0.07477
Setup: ALCX 4h and daily chart looks bearish. ALCX on the daily chart got rejected by the long term trendline( blue in color). ALCX on 4h seems to follow the 8 ema Entry: 272.5 SL: 1 ATR above 8 ema( Trailing SL) TP: 230.6
Setup: ADA breakout of its accumulation range. With catalyst of the upcoming Sundae launch Dex, it is time to jump on the hype train and leave before it releases on 20/1/21 Entry: 1.41 SL: 1.35( ATR trailing SL) TP: 1.59
Setup: TOMO is in a downtrend. It is also respecting the 50 EMA and got rejected off it. Entry: When MACD crosses down TP: 1.27835 SL: 1 ATR above 50 EMA
Setup: Respecting the 20 EMA. It is trending upwards Entry: When MACD crossover, most likely in the next hour TP: 1.02( 4h 200 EMA) SL: 1 ATR below 20 EMA( currently at 0.8835)
Setup: Maps has been respecting the 20 EMA, daily and 4h bearish Entry: When Macd cross down Exit: Trail SL above 20 EMA
My BTC thesis Short term( 1 h) bearish - BTC may hit 38 k, short alts that are on downtrend Long term( daily ) bullish - Accumulate BTC and alts that you are bullish on
Setup: As BTC is having no signs of reversal currently, it is time to take advantage of this window and short some coins. TRX is one of them. TRX is bearish on 1h, 4h and daily timeframe, increasing the probability of success for this trade. It also breakdown from its daily support. Entry: We will wait for a macd to cross up and then cross down again before we...
From my last BTC post, I state that BTC is ranging between 45662.68 and 51923.11. The range has now contracted to between 48 000 and 46 847. BTC is also getting rejected by the 1h 200 EMA. The short term outlook is now bearish. If BTC break past the 46 847 level, look at it to test the 45 662.68. Don't place your buy bid at this level as if it break past this...
Market: OKB 1H and 4H in a downtrend. Macd both negative Entry: 27.8 SL: 28.616 TP: 26.209/ Trail using 50 ema
Setup: Rook is respecting the 50 EMA. So the plan is to wait for price to bounce off the 50 EMA and have a price rejection candle, that is when we go short. We also wait for MACD to cross down. When these 2 conditions occur, this is when we enter the trade. Entry: Price rejection candle off the 50 EMA and MACD crosses down SL: 1 ATR above 50 EMA TP: 114.3(...
BTC is ranging between 45662.68 and 51923.11. For a bull case to occur, we will like to see it break the 4h 200 ma and then finally the 20 W SMA at 53000 which is quite confluent with the daily support at around 53738. The selling pressure for the 4h chart is also drying up as seen from the decrease in volume for the MACD. For bear case to occur, it will be...
Setup: 1 hr higher highs and lows, just breakout, macd positve, 4h macd just crossover Entry: Market at 3.26975 SL: 1 ATR below 50 MA at 2.842 TP: 3.89