sandypillerill

sandypillerill

You can read my text on the chart of my analysis

sandypillerill

Here I spotted a falling wedge on the weekly timeframe, the potential target is set. All horizontal support & resistance levels (white) is also based on the weekly timeframe. If it breaks the pattern here - I am looking for a LONG. The potential profit is 3247 pips!

sandypillerill

Alerts set at red horizontal as stop loss, and pink & blue as take profits.

sandypillerill

Trading idea: Price is right now trading inside what occurs to be a symmetrical triangle with a probability to test the support trendline, or bottom of the symmetrical triangle. According to my VPVR, the POC line is lower than the current price, that's where I have put my alert for LESS THAN to get out - IF I don't see any type of price action around that area.

sandypillerill

Watching REP/BTC on a daily timeframe, what I see is that REP is doing trend following - this could be due to the mainnet coming up on July 28th. I am in the trade until I see some kind of resistance, either horizontal resistance or a break lower from the daily trendline.