Void above if BTC breaks and closes above 40300. We are looking for some kind of pattern to form, and trade on the confirmation of a breakout. We set a trade @ 40400 (long once 89-ema is crossed)
This time we wait for the confirmation candle. Our entry is above the wicks of several other candles, so a move that reaches our entry will be a strong one. Profit taking level at 0.382 fib level of the last move. We are still BEARISH when looking at the higher timeframes.
Structure identified Enter just under the resistance & half number 0.75, in 1H chart this is also under a mother bar with many inside bars - this is extra confirmation Expect a pullback after breakout, but setting stop loss for this.
BINANCE:KNCUSDTPERP KNC established $3 as strong support. Good bounce off today. If inside bar on daily is broken, expect bullish continuation. SL between 0.5 & 0.618 fib of mother bar.
BINANCE:DOGEUSDTPERP Buy after retracement confirmed
BINANCE:ANCUSDTPERP Breakout of resistance and successful retesting. Stop loss under the low of current candle, aiming for 2R.
BINANCE:GMTUSDTPERP Enter on break of inside bar, stop loss 0.5 fib of mother bar. No profit target for now as GMT in strong rally....
BINANCE:BTCUSDTPERP At the bottom of the consolidation, with a triangle forming at the bottom. We put in a stop-limit above the open of the first wide bar, in case of breakout, we are in. We aim for 2R lying in the next structure. Applying the AON risk management - All Or Nothing. We risk 2% of our capital, we don't do anything to protect our profits. We...
BINANCE:XRPUSDTPERP Cup & Handle forming on daily charts, with the handle forming double bottom at the 0.5 fib. Lots of news about XRP lately, price action could be giving insight about whats to come. You can always read world events through the charts. We are looking for that extra confirmations, perhaps a strong bullish move to break the local $0.85 high.
BINANCE:SOLUSDTPERP We have a head and shoulders patten forming at a local high, followed by a pennant. The pennant confirms an upcoming breakout from a consolidation period. We could see a retracement back to $120, this is reasonable given the past few days of green candles, and an overbought indicator on the daily charts. Drawing a fib retracement from...
Our other short breakout trades have executed, it seem highly likely that the whole crypto market it making a retracement downwards. We enter at the retracement of the pennant breakout, which is near the close of the candle that in our structure (highlighted by the box). Two profits targets for this trade are set. After hitting the first we take 50% profit,...
BINANCE:XRPUSDTPERP Double top formed on XRP following the retracement from a sizeable drop. We've just broken the neckline and retraced upwards, following a failure to gain the lost ground, we anticipate the buyers will give out and selling pressure will take us down to the next demand zone.
BINANCE:BTCUSDTPERP After forming a double top, BTC broke the trend line downwards. We have our entry at the retracement of the broken trend line. Anticipating sellers taking control for a deeper retracement down after many days of consecutive green candles.
BINANCE:BTCUSDTPERP After retracement/consolidation period is over, it is time to continue the bear trend. We get in with a decent entry - we look at price action to anticipate when sellers are coming in, and try to enter just before that. Profit-wise, we aim for 1.618 fib extension, which corresponds to previous demand zone & structure of the inverted...
Entry #5 into the BTC trading journey. BINANCE:BTCUSDTPERP We manually closed our last position at breakeven, as the market moved from trending to consolidation. This consolidation area in the rectangle can be seen clearly as a resistance/demand zone in the 4H chart. However, the strongest demand zone has yet to be reached, so there may still be more...
BINANCE:BTCUSDTPERP Our last trade anticipated the drive up, but the sell momentum wasn't strong enough to take us to our profit taking level. To improve profitability, we should consider taking a trade on the way up as well with a limit order on a good entry. Regardless - we attempt to trade the current range now. No hypothesis is made for a movement upwards...
BINANCE:BTCUSDTPERP Downward trend is strong, we follow, no obvious reason why it should reverse at this point. We enter at the 0.5 fib level, which is where the previous supply zone was. (Can see better on the 15min chart). Profit target to the base of the previous upwards movements, safe level as the major historical demand zone is lower than this.
Hasn't been going well with BTC past few trades. Switching to my favourite Alt to trade for a while - hopefully will get rid of some cognitive bias existing for BTC. BINANCE:ATOMPERP Double top formed on hourly chart - confirmed supply zone on 4H. RSI shows regular bearish divergence - price has reached the same level, but buyer momentum has vastly...