"Playing Catch Up" - A clear, easy to follow 5 Step Trading Plan Template for Breakout Trading. Step 1. Recognize the change in trend. Whether you use ranges, patterns, or stage analysis, all essentially help to confirm that the trend has changed from down or sideways to up (or vice versa, but just make sure its in the same direction you plan on trading!). In...
Big weekend move with Chainlink. Fundamentals aside, we have been ranging between 5 and 10 for some time now. We approach the top of the range and I don't believe this is the time to be longing before the breakout unless we see a significant breakout from this range. If it does occur, consider longing on a retest of the range. If we see a deviation, consider...
The blue bar projection is less of a prediction and more of a possibility. It is the previous primary trend decline flipped around but equal in price and time scale. URA experienced a long term primary down trend since opening for public trading. From 2016-2021 the primary downtrend turned into a multi-year basing, which was broken out of bullishly in 2021 and...
Following WMT bullishness as of late, I believe we are in the midst of a broader rectangle breakout, and now an even smaller ascending triangle. My clear break for an entry is 158.40, and from here I am first targeting 162.9 and then 170. These targets are from measured moves of the ascending triangle and rectangle, respectively. Stop loss close to entry. Not...
AMBA confirmed breakout on weekly. I am expecting the above measured move after a blow out (unexpected) earnings report
/btc chart looks just as good on monthly/weekly timeframes
beautiful ascending triangle. hasnt retested yet look to buy the retest if/when
LINK looks brilliant on the /btc chart and showed great strength today off this accumulation zone. i am looking for link to outperform eth and most other alts during this mid cycle alt season.
an unrealistic target in a ridiculous amount of time
MKR - i had a small position below the trendline, added big on the break to average out the entry seen here. i am looking to add if/when we retest the trendline.
a retest off the top of this ascending triangle would be a good entry in terms of R/R, bids are set
moved most btc exposure into alts for the month of may, historically a strong period for alts as btc cools heading into summer will reevaluate position if this rolls over goal is to accumulate more btc
Time to go long here ladies and gents double bottom off of the monthly support bottom of falling wedge this is it marines.... it is time
Truly I have no idea if charting dominance charts works, but I have been following LINK for a long time and the dominance has been growing exponentially for a few years. The link/btc chart is sort of trash at the moment, I’m not sure what will change the narrative. The fundamentals are solid, top 1% of wallets continue to accumulate, coins leaving exchanges,...
Not much to add - as stated on the LINKBTC post, I see LINK outperforming both BTC and ETH.
Hi All IMO LINKBTC and LINKETH have formed inverted head and shoulders patterns LINK should outperform both in the coming days/weeks Hope everyone is surviving this correction ok I am significantly increasing my exposure to LINK at this time Good luck
...but my bet is this goes north. Is it not the most basic pennant pattern you’ve ever seen? How could it not go north with the flare airdrop coming up?? Free money for their promise of an ethereum-like dApp, governance platform for enterprises. 4H bullish divergence with RSI as well. Good luck
BTC dominance (monthly chart) was rejected at the 64% level. Broadening formation on the higher time frames, while the lower time frames look like a bear flag/bearish pennant. I would expect to see a measured move of at least -7% to the downside. Potentially lower (-15%), which places us at the bottom of the accumulation zone. This would give alts a very...