darth_bitcoin

darth_bitcoin

Hello there, this is a simple drawing which does have a bearish bias. I wanted to draw the horizontal support and resistance levels given price history, identify any meaningful trend lines, and identify some criteria for invalidation of the bearish scenario. I want Solana to pump as much as we all do - but I needed to try and validate my feelings here that...

darth_bitcoin Updated 

Here is a setup that could reap large profits if it comes to fruition... Looking for a retest of previous price levels, along with the RSI to retest its previous low. The 2 main supports I see are in yellow. It is possible to bounce from the first yellow square. However, I will not open a trade there. If price enters the 2nd yellow zone, and if the RSI enters...

darth_bitcoin Updated 

Bullish Divergence on the RSI... higher lows, and yet the price has stayed about the same. Big resistance at 6k, but after that we are clear until 7.4k. Kyber Network Credits (KNC) has spiked to that level twice already on kucoin. So that is where I would place the first profit target, around 7.4k satoshis. A good stop-loss would be 5k satoshis, but that's up to...

darth_bitcoin Updated 

NEO / BTC Bullish Divergence on the 1D Chart and RSI. RSI has been making higher lows, and yet price has pushed sideways. I've also identified some historic support (blue) and resistance (red) levels to watch. The price has been ranging sideways for some time now. On top of that, an ABC correctional wave may have taken place, if you are familiar with Elliot Wave...

darth_bitcoin Updated 

I don't follow the stock markets too heavily. But a recent online post made me want to make a prediction by looking at the Nasdaq chart. **Not trading advice, especially with a market i have not traded in extensively** We should at the very least see a re-test of our 200 day MA in the mid-term. Looking at the fractal from 2005-2007, this looks sort of...

darth_bitcoin Updated 

I zoomed very far out on this Daily chart , because I wanted to show how much buy volume has come in... Semi-Bullish divergence: Increase total volume indicator (OBV) but not a noticeable increase in price. We have had more single-day buy volume recently than in MTL's entire history. I say either this coin rises in the short term or it's as good as dead to me....

darth_bitcoin Updated 

I identified a few resistance lines. Meh, there's some technical. Volume, yea. So it goes. Simply put: It looks like the bottom. If this trade fails, oh well. My buy in: 230 sats Target Profit: 315 sats: I think that price could climb as high as 500 or so sats in this run, but tbh I just want to make some short term profits in BTC and hold that. I will not...

darth_bitcoin Updated 

Here I am long TRX , my 3 profit targets are in green at the resistance zones, but tbh if you are in this coin for the midterm, I am just hodling until my second target, and will sell half there. But I really believe we will see 500 sats in October! Then, I will be happy :) Good luck traders, nothing too technical here... If you want to see my previous analysis...

darth_bitcoin Updated 

"Is this the bottom?" "Are we at the start of a new uptrend?!" "Bitcoin to 100k EOY 2018?!?!" I will try to answer all of these questions... First, we are NOT at the start of anything yet, because there has been no confirmation made. On the daily chart, we haven't even made a higher high! If you follow the black trendlines, it basically forms a descending...

darth_bitcoin Updated 

Price is just breaking out of a potential bottom structure. Possible reverse in trend. I opened the trade on the breakout retrace, which was just above 1800 sats (light red box). Try to get in there if you can. My first target is around 2100 (the green box), where I'll be selling at least 50% of my position. Will have to re-evaluate the position at that...

darth_bitcoin Updated 

Well, everyone makes mistakes. The last chart I did for HOT HoloChain, I used the Bitfinex chart. Little did I know, there is a coin on Bitfinex that uses "HOT" as its ticker. Long story short, I used the wrong chart. I was pretty proud of that setup, too. Oh well, life goes on.... And here we have the CORRECT chart for HoloChain. I am glad I switched charts,...

darth_bitcoin Updated 

Here is the chart on HoloChain. The red lines are resistance levels, the blue are support levels, and green lines are take profit levels (also resistance). My Entry: 16-17 satoshis SL: Close below 16 sats (local support) Take Profit 1: 24 sats ... I will sell 33% here Take Profit 2: 28 sats ... I will sell between half and all of my remaining position here! I...

darth_bitcoin Updated 

This OCN chart is for Bittrex trading only, and does not include Kucoin's data which is more complete. This coin has been falling since the airdrop fiasco back in the spring / early summer when OCN almost hit 500 satoshis before a going on a steep decline to its current price. That's 10x. OCN is now retesting base support between 240 and 250. I know there isn't...

darth_bitcoin Updated 

Looking at TRX on the 1 Day chart, it looks primed for a break out, mini-bull run. Here's what I'll be watching out for during this trade: ENTRY: 305 - 350 satoshis MY ENTRY: 310 satoshis (Full Disclosure) STOP LOSS: 310 satoshis BREAK-OUT ZONE: 365 - 380 satoshis Tron must break the red square resistance zone to confirm a new trajectory towards the...

darth_bitcoin Updated 

Here I take a look at the ENG chart, using Volume Profile and drawing some trends. We may have already completed waves 1234 of an elliott cycle. Strong volume at current price levels from previous days and the correction we just went through creating a higher low supports the potential break out that is forming. Let's see if we can go for a retest and possible...

darth_bitcoin Updated 

Here I have done some analysis on chat coin. Based on the charts I am neutral, but a little bearish short term. Bullish long run of course, but there are many coins that I am bullish on long term. The question is, is this a good trading opportunity? I have identified in the light green a possible Elliott structure. However, if our 4th correction wave down breaks...

darth_bitcoin Updated 

Here is an updated idea for YOYO. I believe we have just completed an ABC correction, and now the price has to eventually choose a direction. It would not surprise me if we consolidated a while or entered a sideways trading channel short-term. I'll get to why later. But if there is a break above resistance, consider entering the position and take profit at the...

darth_bitcoin Updated 

Here is the 1 hour chart for LTC. I was able to identify a sideways trading channel using horizontal trend lines. I think that this could be a nice point to catch a bounce if we break overhead resistance. We can also manage risk with a well placed stop loss. Within the broader sideways channel, I have identified an upward trading channel. If price is able to...