I'm surprised this broke before BTC has. Indicators look good - possible that it returns to 15.5 with BTC struggling Best, Hard Forky
Bottom of Progression channel Good news on market access. Possible break to the upside assuming BTC does not crash. B, HF
I'm happy to admit when a plan fails. The move up last night failed to materialise and we deviated from plan with a lower high. My 'Plan A' short term scenario is still viable and profits are banked but I'm adjusting my expectations according to the new data. Currently neutral until tomorrow. Plan B - Expecting to revert back to my original target of $7,500...
I've been looking at some of Sawcruhteez's work on Hyperwaves. Matching this to WRX - this looks textbook. From my basic understanding, this suggests we are at the beginning of a Parabolic shift (stage 1) dropping down through Stage 7 to base of the last parabolic to test. What I don't know is the ceiling... any thoughts on potential upside? Check out:...
From 8,800 - Expecting this to hit the Daily EMA 50 then move to the 20. $9,150 level. May run up to the down trend line (in white). Best, Hard Forky
Perhaps it just did not work out Always a newbie Best, Hard Forky
Here is my trading plan for the next few days on the 4hr. Yes, it is no masterpiece but it will do the job. - Based on historical trend rather than TA, this trend has been 90% perfect for the last few days. I've mapped out the remainder in White and included the MA lines and RSI + MACD for my navigation. Purple circles are possible trade points. - My $9k...
Awaiting Monda's move up ALTs should boom
Holding shape during the final parts of this market sell-off. B.Divergence on the 4 hr. 80% expecting up if BTC moves up from $8,500 Best, Hard Forky
Macd + RSI trending for push to the upside. Push to the top of channel (orange circle) was unexpected so soon - we should be just cruising at 9,600 today. Perhaps a temporary drop in sell pressure and run on the shorts? Both scenarios still viable. Best, Hard Forky
Watching two trends: one - classic move to the upside (we are on this trend). move above the 0.5 / 200 two - inversion of the trend, typically much faster cadence - continuation to the downside. Scenario one will get me off the fence (although still holding in BTC and steering clear of mid-table ALTs) Best, Hard Forky
Initial target hit. 0.5 fib held Just tested back to the top of the channel. Expecting this to go up - Entered long near $8.560. Not convinced it will brake straight, up short-term target 9,400. Still a little bearish, expecting sub $8k so will see what happens :) Best, Hard Forky
Failed to break back in and confirmed bearish trend triggering my remaining stops. A few pundits went 'bullish' which is often the trigger for - Target 1 is a bounce off $9k (target $9,090 / 38% FIB) - if it makes it this deep now, for me this is a low risk buy. - Target 2 is the $8,500 target and a bounce of the 200MA / EMA / 50% FIB - healthier retracement...
Perhaps the most important moment for 2020 - circled in purple. If it breaks and holds above $10k we are bullish and wealthier than before - Green area. Most coins are at the same break-out point it would possibly be the biggest green day in a long time. I was hoping for it to blast through but because it has not I am now sitting on the fence in Neutral. ...
Top of new trend, possible retracement but expecting push up.
Not expecting $11k for another week but it is now within the top of the channel. All this activity at the bottom might suggest a push through to the $11k mark but as ? Stops should be safe on BTC below the low for the long-term duration of the move up. On the counter - v.bearish if it breaks down from here. Perhaps down to the 200 MA. Best, Hard Forky