Simple indicators for some successful trading on BTC.
When prices crosses above/below the ALMA you can go long or short.
Just make sure the volume is above the MA within that indicator. Set your TP and SL according to your risk management strategies (ATR is great for this).
Happy trading
Hello!
What we have here is multiple Fibonacci Retracement overlays. The reason for the multiple overlays to show the pattern working in sync with each other.
I have used a 2hr candle stick to show the pattern to give a bit more surety for long term trading. I feel this allows for the volatility of the market and gives a good overview, more or less (candle time)...
Here I have put some further analysis to my previous ideas regarding Cardano.
I believe the coin has a lot of technical strengths, however the trade volumes and RSI indicators do not show the market as being very strong. At this point I want to say that the market will fall to lower levels.
If the trend continues we may see ADA hit 2900sats as early as midnight...
A macro view showing the entire Fibonacci overlay.
You can see clearly previous supports and resistance, see my previous idea for more detail.
As always, please leave your thoughts.
Hello,
Here is an overlayed Fibonacci retracement for Cardano. You can see the larger of the of the 2 and then a smaller one for the last move. The larger of the layers has it's 0 point at 1668sats which we touched on the 18th of March. I will provide a larger macro view of the chart as well which you can then see the support and resistance levels over the past...
Hey all,
I have just done an update to suggest a new break out point 24hrs later than my previous one. Also note the patterns I have highlighted for the month of April (and a bit of March).
If the pattern continues we should see the smaller pennant occur right before the announcement however reality will probably over ride this with FOMO kicking in and volumes...
This pattern shows a 3rd repeat of a climb dive and then climb again. Sorry for lack of technical terms. This should be considered with the XVGUSD pattern which is nearly identical. Hopefully this signals a climb.
This pattern has shown itself twice before. This will be the third in a row. This pattern should be compared with the XVGBTC pattern which shows an almost identical pattern.
After Last night's BTC spike ruined my TA it can be seen that the price bounced well at 1110, below that 1060 showed support earlier in April.
There is a possible pennant forming that should break out around 0700 on the 14th (AEST/+10GMT). If this is is correct we can hopefully see support raised to 1200sats moving forward over the weekend. This could be great...
