gfinn14

gfinn14 Updated 

Opportunity for a 4.0 R/R trade: Entry at optimal trade entry in area ranging 5925-5975 with a target of 6880 and a stop loss of the previous low.

gfinn14 Updated 

Viberate (VIB) looks like it is ready to run up. My first target is 2700 sats followed by 3700. This trade is a swing trade where the timeframe is up to 4 weeks. An entry here is risky; however, it is possible to set lower buy orders at the daily support around 1500 sats. A riskier long entry could be warranted should we break the 4 hour resistance at 2250 and...

gfinn14

Relax and take a deep breath. Volume is dropping on the decline and a very clear bullish divergence has formed. Were at support and acting solidly. SEC and CFTC meeting is closed-door and a report from it will not be public for several weeks, so take a deep breath, read the chart and relax.

gfinn14

Hope everyone is doing okay regarding this recent retrace. With that being said, I think this is just that: a retrace. What you see on this graph is the hourly support levels (orange), 4 hour support levels (green), and daily support levels (white). For those who are wishing this will take us back down to 6k and lower, I have bad news for you. This will bounce....

gfinn14

For now the markets are relatively stable. We however, did fall out of the falling wedge to see the 8700 level. We needed a retrace following the climb from 6600; however, is this retrace over? Until we form a higher high (9800), we are assumed to still be in a retracement. The powers to be may not want the media attention that 10,000 will bring, so that is an...

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Bitcoin has steadily been knocking down all sorts of walls on its way up. There is still resistance on the way up, but the trend is your friend is a classic saying for a reason. We are trending up right now, and market sentiment is positive. I cannot stress enough the importance of crossing the downward log trend. I am personally long and attempting to accumulate...

gfinn14 Updated 

Wanchain is perhaps the most successful ico of recent history and is showing no signs of slowing down. Volume may have declined, but this looks like a class symmetric triangle consolidation. Looks like the next leg up should be here shortly. Targets are difficult as there is not an extensive price history for the coin, but according to classic ta, the measured...

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BTC has held steady over the weekend despite the decreased volumes. This is good for the bulls as Monday should bring more volume to help keep the uptrend alive. For now, BTC is trending in between the 9000 and 8700 level. Coincidentally, the 9000 level is also the 0.236 fib level of the overall downtrend of this bear market. That resistance will be hard to crack,...

gfinn14 Updated 

While I know I can have a bearish perspective, AION is seeing massive accumulation, greater than the volumes it saw during its last uptrend. From a FA perspective, the coin has a solid team and an incredibly useful product. Looking at the chart, this large spike in consistent volume represents accumulation, yet the price hasnt moved upward. In theory, we should...

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BTC sucessfully broke out of its trading channel and negated the head and shoulders pattern I have shared the past few days. The question is, can we go higher with this momentum? Ultimately we are seeing BTC form a rising wedge on mutliple time frames (red triangle) as well as a coiled up rsi (white triangle formed on indicator). In terms of risk-reward, no play...

gfinn14

Hello everyone, As you can see we saw yet another complete "Bart Simpson" like pattern on BTC today and late last night. These patterns are the result of low volume, overleveraged traders, and algos. Essentially it is just chop, and as a result, BTC is still trading within the channel between 7900 and 8150. I personally have been playing the ranges, but I do...

gfinn14 Updated 

Short term, BTC is losing volume and showing signs of a potential retrace to the 0.618 fib - 0.5 fib level around 7500. That box of support needs to hold in order for us to potentially get a bounce out of the 120 day log downtrend (Dashed Line). A potential trade setup can come from any of these support resistance lines, but I am personally looking a short play at...

gfinn14

ADA appears to be breaking out its downtrend, approaching new highs on the daily chart. However, this is likely due to the upcoming Huobi exchange listing to take place on April 17th at 14:30 UTC. In the short-term ADA may run up, but it looks prime for a retrace back down to the 2500-2700 sat area. A leveraged short could be placed on this trade with an entry at...