kuegi

kuegi Updated 

After BTC broke out of the ascending triangle and bounced again from the broadening triangle down, it now formed a broadening triangle within the other one. So i see two scenarios: it either bounces already in the inner triangle and moves back up to the big resistance, or pushes throu and retraces all the way back to the lower bounds of the bigger...

kuegi Updated 

After the big push in BITFINEX:BTCUSD it formed a nice bullish pennant which is coming to an end. This looks at the H4, but also applies on D1. IMHO everything looks like a bullish breakout which would probably result in a push to 6k. OTOH there is a bit of divergence with the RSI which can be a warning signal. But considering the overall market and sentiment i...

kuegi Updated 

The last small pennant turned out to actually be a nice continuation pattern. Lets see about this one. with the weak upward trend in BTC it might push bullish again. either way a nice RRR.

kuegi Updated 

With all the action going on in the market, BITFINEX:XRPUSD is forming a nice big wedge with solid levels above and below for a RRR of 3. To good to not risk it ;) After testing the support multiple times now its time for either go down big, or push up. either way: keeping enough space for the stop and lets hope for the best!

kuegi Updated 

Another nice bullish pennant / wedge forming in BITFINEX:IOTUSD this time i learn from my mistakes and put the stops at reasonable positions. lacking any usefull targets on the upsides i took the fibo as fallback which also matches nicely with the downside target.

kuegi Updated 

As in IOTA, there is a nice (maybe) bullish pennant in BITFINEX:BTCUSD . As always i wouldn't bet on it being a real bullish signal, but usually this marks the build-up for some move in the market. Nice thing about the penannt/triangle/wedge: easily defined stop levels. for the targets the upside is a bit harder since i am missing relevant levels from the closer...

kuegi Updated 

BITFINEX:EOSUSD forming a nice wedge on the H3 which might also fly as a bullish pennant. I'm not convinced its bullish but its nicely defined 3 RRR in both sides, so kinda to good to ignore. Within the overall market situation, where everything is forming triangles, we might see some big moves again...

kuegi Updated 

Since the overall movement of BITFINEX:BTCUSD is bullish but not yet decided if its breaking out of the bull flag and finally pushing throu the big resistance, a nice low risk high rewards entry emerges. The wedge might go both ways: either the resistance is broken and the big push is happening, or it bounces again and retraces down to the previous support. If...

kuegi Updated 

The whole market is building up lots of energy with all the testing all supports and resistances in BTC yesterday. The overall potential looks more bullish but anything can happen. Within all this, BITFINEX:IOTUSD is forming a nice Wedge for high potential, low risk stop entries. I would say a breakout of this area would only go along with the breakout of BTC...

kuegi Updated 

Yes i know: "Again?". The breakout happened, it formed a triangle which led to an increase of positionsize when the next breakout came. And here we are again. an even more distinct triangle forming in BITFINEX:BTCUSD . Such patterns are often decisionpoints. its either pushing further, or retracing back. the risk is small, and stops nearly draw themself. Only...

kuegi Updated 

Theoretically every flag is a continuation pattern, meaning it indicates just a short set back before the trend continues. I dont think thats true in general but this flag in BTC looks like it. OTOH its testing the big resistance multiple times now, if we have a confirmed break throu that it will give one big push. Volume is low like everyone is waiting for some...

kuegi Updated 

After the push upward iota now levels at the 200 MA building a nice funnel right at the ma level. (H3) Looks like a nice chance for a low risk, high potential trade. Based on the overall action i would guess up, but could be both. BITFINEX:IOTUSD