So as you can see Bitcoin has broken out of the accumulation zone as well as the wedge it was located in. I am buying the retest of the wedge. First target is the weekly level at 8295, and we will go from there final target for the time being is 9950, in which there is monthly resistance. In conclusion I'm bullish until we break below 7760, and I'm ultra bullish...
Very similar to BTC, XRP just broke out of a huge downtrend and an accumulation zone as well. The downtrend for xrp though lasted much longer. The retest of the accumulation zone is a great buy. I am bullish on XRP until we close below the top of the accumulation zone and the downtrend. The main target for XRP to break is the monthly resistance at $.26
I longed wan/btc last month I thought it was the breakout but it was just a fakeout :( AS you can see we have broken out of the accumulation zone and I am looking to long on the purple level 2624. This level has acted as the top of the accumulation zone 3 day resistance now hopefully turned support. Enter a bit above 2624 and wait for a strong daily close. If we...
This is very similar to my last trade on GO/BTC, which is currently up over 20%. Basically there is a very tight accumlation zone (highlighted in white) we broke out hit resistance now I am placing a buy order at the top of the zone. Entry is at 2624, take profit at 3170, fully exit at 6400. This setup is invalidated if we close below 2624 on a daily. IDK if it...
Easy low risk high reward trade on GO/BTC. As you can see highlighted in white GO/BTC was in a 3 month accumulation phase. As you can see we closed below it and accumulated right under it for about 2 weeks. GO closed above the blue weekly on a daily time frame but we didn't retest the top of accumulation. We are buying the bottom of a large accumulation after it...
Yes, XRP dumped after swell, but has XRP ever gone up on good news? After we dumped I took a step back and looked at the bigger picture, we have been in massive accumulation since the middle of August, three whole months!!! Also we are outside of a huge downtrend which was created April 2018. I have been looking at a lot of other alt coins and a lot of them are in...
As you can see we have been accumulating for the past three days after a huge dump around the daily level at 3125. Accumulation is highlighted in yellow. Regaining this level will be huge. I believe BTC will stay in accumulation 4 a bit longer which will allow btc pairs to make some moves.
Hi Traders, as you can see XRP has been accumulating for the past few days in yellow. It just closed on the daily above .30, it is currently facing resistance at .304 but once that is broken we should see .312, then .33.
Hi traders, this is a very simple low risk trade long bitcoin at around $8610, put orders in a bit higher u don't want to miss out. We were in accumulation for about a month. The real question is are we on the path to ATH or are we going to accumulate a bit longer. I think we will accumulate a bit longer but who really knows? The main reasoning is that there is...
Clearly ETH has been accumulating for a few months now, yes it had a big upside break but you can see it dumped right back to the accumulation zone. Fake outs on accumulation happens all the time. Target is $469 upon a breakout and close above the accumulation zone. If it fails to break out put your buy orders in at the bottom of the zone.
Hello traders , today as you can see we had a weekly close above a long term trend line. This trend line was formed in April 2018, it is very significant. As you can tell it has been respected many times the past year and a half. The main resistances are at .33 and .52. both weekly levels, my thoughts are that once .33 is broken and the price closes above it we...
Although the XRP/USD chart looks quite ugly with a weekly close below the .25 level, the XRP/BTC pair looks extremely bullish. As you can see we have closed above a major trend line on the weekly chart. When trend lines are broken major moves occur. As you can see, at the start of the last bull run in 2017, XRP had 3 green candles very similar sizes before it...
Obviously Bitcoin broke out of a huge wedge to the downside, to be honest i expected more rejection off the $9370 support. This was the breaking of a weekly trend so the next stop is a weekly level at $7516. If you want to enter short wait for a retest of the 8750 levels or 9037 levels, but those have already been retested on lower time frames so I doubt that will...
We are clearly in an huge accumulation phase right now after the run up to nearly 14k, is it over that is the question? 12.3k is my first large profit taking region, accumulation might be over but you never know for sure, the market doesn't care about what you think will happen so always take profits. The solid lines are untested levels where rejection will occur...