Price hasn't gotten to here yet, but if it does here is where I will short it. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Had a couple of ranging plays in the last few days: Chart initially: Chart later:
OTE play off H4 Potential Bulldiv, waiting for confirmation. Should inverse bart at the green zone ideally.
H6 SRSI overbought (not shown here) Local OTE based fib short with the optimistic target as 6012 (pessimistic target is the horizontal marked line at 6158). M30 Bullish Diversion should take the price to short scale area. Following 0.1 to 1 BTC challenge made by me : docs.google.com
Confirmed by LPSY, waiting.
Ideally the target is the height of the triangle, but since that would give a target of ~0 USD, I'm aiming at a percentage target of 3k. Still hedged. Gotta stay that way for the forseeable future.
Just cataloguing, not taking this trade because of the weekend. No beardivs except daily.
I do not currently own any SC. Setting buys at 200, 183 and lower, targeting the higher green range.
Looking for said zone with said target. Logical reason is the daily bearish divergence + 4hr overbought in downtrend :
Also, 4hr Kijun bounce expected at 7405. Might close long early if it doesn't work out.
SiaCoin entering OTE, First Limit Buy is 183, 10% of position Second Limit buy is 166, 50% of position, Third is Limit buy is 134, rest Target 1 : 269 (60% gain) Target 2 : 300 (80% gain) Stop : 121 Fundamentals : No events coming but SiaCoin has a ready product. Long term bullish behavior, with BTC slightly bearish this is a reasonable buy. Worst case risk :...
Retraced properly, bulldiv on 4hr. Buy order set 3400 and below.
Chart as described. Already net hedged so not taking a short position.
Marked zone is good buy, local TL breaking has triggered selling.
Chart is self explanatory.
TL;DR : Good long in marked range targeting 11800 Bullish factors : 1. Bounce off 0.5 (8200) /0.618 (7470-7780) for higher low and breakout from symmetric triangle 2. Flat kumo, TK flat, price on kumo is long call however price and K are outside cloud, so weak long. 3. Falling volume - Price is no longer bearish but is in consolidation unless symmetric triangle...