Just an idea for possible long positions on AMEX:DRIP for a long-term swing. There's room for more downside, possibly to the next leg of support, as I've added by the pitchfork trendline entries. As we've not seen an actual bottom yet, it's all speculation at this point, but oil (for vehicles and shipping) is slowly being pushed to the margins; and with an...
Hey traders, just an update to this rather volatile trading pair. I do apologize for not being active enough to bring out charts on a frequency to keep up with the market momentum, it's really been quite a wild ride lately, especially on the 4h and below. With that said, I'd like to focus the attention on a controversial topic of BTC and it's possible/likely...
I've gone ahead and added the text onto the chart if you'd like to give that a read; but basically: >> granted we hold support here at 35.7k, we will see a continued move upward, and we may even see a return to a long term bull market. However there are some key points of resistance ahead and if those prove too dense for buyers, or if external market conditions...
Just some analysis I put together- after a rather interesting (but not quite unexpected) change of course in the DOW last week, BTC decided to take the downtrend along with it (one could postulate such). This chart is just averaging multiple VWAPs, using the Schiff fan on the trendline -that has continued now since breaking into lower lows, and the Fib circle...
Hey everyone, update. I hope my previous chart helped some people to hop in a short at a decent entry point. This is an updated chart with the current trend. key support levels to the left, with stops set if those break, though if we are following the Wyckoff then that doesn't seem likely as of yet, and I'm actually looking more on the BTC daily chart as a large...
just some entries if you wish to give it a shot. Set good SLs and don't get too greedy with the TPs, BTC *may* recover possibly around the mid 38k area for a second attempt to break, so keep an eye on it.
Just a quick chart based on what think may possssibly happen. I do have orders open around certain points, and I adjust them accordingly. trade at your own discretion, but know that I don't see ICP being dominated much longer by BTC and we will near a point of buying power sometime within the next 3 days (perhaps) I'm being optimistic, it may drag sideways for a...
I put together a few things following the notable rising wedge that was forming. focusing on the Gann fan and fib lines. this was drawn before the Elon tweet, so who knows what is going to happen but BTC is seeing resistance and a lack of buyer volume mixed with what I think is an overall lack of confidence at these levels for buyers. we will see bullish levels at...
Hey again, THIS IS TOTALLY just speculation. I'm deciding to trade a bit more on the bearish side. I can't wait for BTC to pick up the pace, but I'm going off of the fib lines and I'm not yet confident it's ready for a bull market. I do sense a generous pull back down into sub 30k levels and as such the alt coins will be affected by this, one of my favorite...
hey there, this is just an idea. (I'm still fairly new to charting) I know the controversy behind ICP that caused such a quick decline, however I think there is an impending breakout, just a gut feeling. As of today (May 26th) Dfinity- the company behind ICP opened a new fund for over 200 million USD for ICP's production, may be a bit of a perk up for it. Of...