I'll make this quick! When rsi has reached over 60 xvg has made big moves up This is the third time we try to break the rsi resistance as well as the 55 ema in the last 30 days The way the 55 ema is flattened looks very bullish to me I see this breaking above it and making a huge run This looks like a bottom to me If we can break above 240 and stay above the 55...
Previous resistance turned into support now it's back to resistance. We got the first 12% drop now let's get another!
I'm expecting a small bounce up followed by a breakdown towards the lower fib levels. Set a stop and move it once you're profitable
By the looks of this chart everything looks bullish. We have been making higher lows since January, a golden cross took place back in May and currently we are in a bull flag with a bullish engulfing candle. If you didn't realize already this is actually an inverted bitcoin chart. The whole chart is upside down. So really all the bullish stuff we see is...
As the title says, WE ARE IN A BEAR MARKET. In a bear market most of our positions should be shorts with occasional longs. (If you're swing trading) Trade with the direction of the trend. If the market is going down then, short it. If you're wrong and get stopped out, then so be it, move on to the next trade. Do not become blind to a bull bias. Wait for reveals...
As always stop loss in the event that the pattern doesn't manifest. Even if we get a small bounce say 5%, move your stop loss high enough to guarantee profits. A win is a win. My goals are to always minimize mistakes and minimize losses. By moving your stop up you prevent yourself from losing money. A mistake would be to let a winning trade turn into a losing...
As always stop loss. Aiming for top of channel
If you look to the left of the chart you'll see a bull pennant that failed to produce a continuation of the trend. In order to play these types of patterns we wait for a breakout. A break above the line did not occur therefore we would not have made a trade. Same situation now we have a bull flag. Wait for a close above resistance
Verge, the coin people either love or hate. If we look at the chart the rsi has had an important support/ resistance level. Two huge rallies came after the 2 breaks above the 54 level on the rsi. In general being above 50 is bullish on the rsi. As of now we have broken above that level and are trading at a higher level than a few weeks ago. The rally that...
Wait for a breakout before making a trade Set a stop loss
Icx breaking out of it's downtrend Aiming for the .236
Iost bouncing nicely off support heading to our resistance zone
Lower time frames suggesting we will break the downwards trend on this move up Potential to double your money if you target the .5 and .618 fib level Stop: 1368 Move your stop upwards as we trend higher *This is not financial advice. Trade at your own risk
Great coin but the chart has formed a head and shoulders. A break below the red horizontal line would be the sell signal Rebuy around 8000