hyla1996

hyla1996

PONKE showing a significant divergence paired with a channel breakout. I expect the channel to be retested where I would enter and the retest. If it’s not successful and it breaks down before the retest I will short the neckline retest of the resultant head and shoulders pattern. Invalidation on a break back into the channel.

hyla1996

Back again with MEWUSDT. Last attempt at shorting Mew was indeed a failed trade but we maintain an unbiased stance and accept that losses are inevitable in trading. MEW has formed a triple top formation using the mid range support (also a major Fibonacci support) as a pivot for its three peaks. its quite an obvious trade and will trigger a short position if...

hyla1996

MEWUSDT came up on my ‘daily gainers’ list a few days ago. As with most relatively unknown coins, after their brief moment in the spotlight, I’ve noticed they enter a prolonged and vicious downtrend. Mew has been making clear lower highs and lower lows since it’s run, and has now formed a range bound consolidation pattern. If this range is broken and...

hyla1996

HNT has bearishly retested this channel and is straining 50$ support. A breakdown to 43-44$ is certainly possible.

hyla1996

Dent has formed an inverse head and shoulders under resistance. On a lower timeframe, A symmetric triangle has formed giving us an extra pattern to monitor. Great long signal with a target of .78 which was devised by measuring the distance from the head of the pattern to the neckline.

hyla1996

SILVER has been trading in a horizontal channel for 2 months. It looks like what appears to have been a breakdown has now reversed. An inverse head shoulders pattern pattern has formed and currently we are testing the downtrend resistance line. If broken, a great entry will be on the retest of the head and shoulders neckline. A target being the mid channel resistance.

hyla1996

Bitcoin has been channeling since 2013 and the recent pullback to 40k appears to be a retest of the mid channel support region. This means the top channel resistance is now a real possibility. Using time cycles, you can see compared to previous bull runs we're only about halfways through the bullish cycle, with the bearish one due to start in summer 22'.

hyla1996

Coti has formed a textbook cup and handle pattern and is retesting old daily highs as new support. We get the target by taking the height of the cup and measuring upwards, giving us a target of around 0.9c.

hyla1996

SHIB has broken down from a possible bearish wedge. a good target will be the .382 fibonacci retracement level.

hyla1996

Broadening wedge broke down triggering my trade plan.

hyla1996 Updated 

Here is a long plan I have devised for Coti. I will long if we pullback to the pivot. My first target lies at the .618 fibonacci retracement, and my second target lies at the 1.382 fibonacci extension. The 1.382 level has confluence with the 1.618 extension of the first wave of this move on the daily.

hyla1996

Iotx forming a broadneing wedge and has just hit the .618 fib retracement on the daily. I expect a pullback and will trade this Broadening wedge as shown, entry when we break down.

hyla1996

RSR handed me my first loss in this series of trades. I took the short on the confluence of a head shoulders pattern and a broken trendline that had been retested. It didnt work out as buyers were stronger and sent the price upward! This happens all the time in trading. We go on to the next one! GG

hyla1996

RSR Has made a head and shoulders pattern on the 30 min and has broken and retested the uptrend line shown. Im targeting the .618 fibonacci for a 5-1 RR trade!

hyla1996

2/2 So far :) This absolutely went through the roof! Check out my previous post to see how I was able to anticipate and trade such a big move. 9/1 risk to reward.

hyla1996

Slight changes to the set-up as the triangle is taking better shape. Ive updated my R:R to a 9/1, found by taking the height of the triangle and measuring upwards.

hyla1996

Triangle forming and looking for a target at horizontal resistance.

hyla1996

Bearish wedge formation broke down and played out how I expected, bouncing right at the .382 target. Definitely took longer than I originally hoped, but patience really is a virtue in this game. GG