VrotteOtter

VrotteOtter

BTC Dominance has a big influence on how ALTS perform in general and most ALTS will dump when dominance increases ( logical since BTC takes a bigger part of the marked ) and some are actually quite confluent with BTC like lately ETH which has almost mirrored BTC in the last months. BTC Dominance has been crawling up the bottom of the channel now for about 30%...

VrotteOtter

EUR/USD has had a strong couple of weeks, but after the bearish divergence and breaking into the Ichimoku cloud towards the downside today, it looks more and more like it will retrace a bit. On the 4H it also formed a clear Head and Shoulders pattern which makes the trade setup nice and easy! Stop loss above the neckline and see what happens. Be careful leverage...

VrotteOtter

I have been expecting XRP to start moving up for a week now after first a strong bullish RSI divergence on the daily and hourly timeframes. But as always nothing is certain and the market can stay irrational for a while. Now there is an even more bullish pattern, a falling wedge and these tend to break to the upside quite strongly. As I don't trust the XRP chart...

VrotteOtter

ETH/BTC might look like it's been reversing a bit, but it actually looks bullish to me since its testing the top of the long term resistance trend line as support now. It already bounced of it three times now on the 4H chart, and if it doesn't break it down then I expect a big move up in the not so distant future. If it does break the trendline down then I...

VrotteOtter

USD/JPY looks like it might be up for a reversal. It still looks bearish at the moment, and will until it breaks the Kijun ( Dark Blue Line ) although it does show some bullish signs like the twist in the cloud above as a weak point of resistance ( Green circle ). Additionally, there is also an increase in volume on the OBV which supports the small uptrend. If...

VrotteOtter

XMR/BTC looks like it's getting to the end of the ascending triangle pattern it has been forming for the last week. The Tenkan ( Yellow line ) also broke through the Kijun ( Dark blue line ) just a couple candles back and if it breaks the upside of the pattern the next real resistance is 20% to the upside at 0,008 ( Horizontal dotted line ). If you like my...

VrotteOtter

RVN/BTC could be looking for a move up. It has a long bullish divergence on the daily chart and the RSI is looking bullish. Where it's trading now it allows for quite a tight stop at about -8% and the potential upside is much greater. It's not the clearest of charts, but I do think it looks bullish. If you like my ideas and the work I do, please check out the...

VrotteOtter

FET/BTC has a strong bearish divergence on the RSI could signal a reversal of the trend. If you like my ideas and the work I do, please check out the links in the signature ;).

VrotteOtter

The Euro has been on a short bull run on the stimulus packages announced in the last weeks. But now has hit a long term trend line and shows a strong bearish divergence on the RSI. It looks very oversold for a Daily chart on the RSI but also by its distance away from the cloud. If it breaks the Tenkan ( Yellow line ) It will move fast to test the Kijun ( Dark...

VrotteOtter

BCH has a bullish cross of the Tenkan ( Yellow Line ) above the Kijun ( Dark Blue Line ) on the Daily from a few days ago, and on the 4H it's about to happen if the prices can break the 4H Kijun ( marked with the Horizontal ). If it breaks above the Kijun on the 4H it will most probably start testing the marked take profit levels above. First the Cloud on the...

VrotteOtter

FUN/BTC has been a bit bullish for a week or so, and now it bounced off the Daily Kijun ( Dark Blue line ). If it retracts to the Tenkan ( Yellow line ) and bounces again it would be a decent place to get in with a stop just under the Kijun. With the first target at Horizontal 1 with 68% gain and a second less likely but possible target at Horizontal 2 with 155%...

VrotteOtter

TNT/BTC Has been consolidating at support for a while, but since yesterday volume has been increasing slightly and it broke above the 50 and 100 EMA. This could point to a bull run or pump in the next couple of days and with the support's low at only -15%, the stop loss is easy to place. If you like my ideas and the work I do, please check out the links in the...

VrotteOtter

As I said in my previous linked idea it looked like ADA was looking for a retraction and it is now playing out by breaking down into the cloud! It still needs to validate as marked on the chart with the lagging span ( Purple line ) breaking the Kijun ( Dark Blue line ) to have a better probability. And to expand on the idea, I set a couple take profit targets...

VrotteOtter

TRON/BTC is looking strong trading above the 50/100 EMA. The Tenkan ( Dark Yellow Line ) Broke above the Kijun ( Dark Blue Line ) and then went on to break the cloud. Now it's retracing from a rejection of the 200 EMA. Will likely try to break the 200 EMA ( Horizontal 2 ) again. With the SSB ( Horizontal 1 ) as good support and invalidation if it breaks down...

VrotteOtter

ETH/BTC Has broken above the triangle formation it has been ranging in since January and this could point to a long term bull run for ETH. On the Daily chart, it retested the top of the triangle as support ( Horizontal 1 ). And we could see at least a test of the next resistance at Horizontal 2. A decent long trade setup is possible from here with an easy...

VrotteOtter

ADA/M20 Has been doing very well the last week and might very well continue, but some signs point to a short term retraction. On the 4H Chart it seems to have formed a small double top and the Tenkan ( yellow line ) broke the Kijun ( Dark Bleu line ) down which points to a short term bearish movement ( right red circle ). The lagging Span ( purple line ) also...

VrotteOtter

XRP/BTC on the Daily chart is showing a Bullish divergence on the RSI and could be looking for a move up.

VrotteOtter

So as mentioned in the linked previous idea post. It seems to be getting resistance now exactly at the upper part of the triangle so if it doesn't break soon expect a leg down to the bottom of the triangle for a possibly ideal long position.