Sorry for the messy chart, but it's been more accurate than my 'long term' clean ones. First entry at 6450 and ladder a few more buys there. Stops at 6170. You can reevaluate later on if you wanna hold the position to 7.7k and beyond and/or increase/decrease later on.
Trading alts vs USD is always risky business - you're gonna be betting on the price of BTC when you're buying.
I'm not confident with shorting it (I had already shorted from 0.058ish) but I am very confident about buying ETH at 0.039-0.041
I was previously short on TRX but I absolutely did not expect it to leave the green block aka demand zone.
TRX is in freefall but there might be some relief soon - between the top of the 3D block and white line (310-330 on Bitmex, a little lower on Binance). Perhaps it would be a decent bet to place some bids there and hope for the best but otherwise this looks...
I posted this chart recently depicting the yellow block support -- this has played out perfectly:
Price found support at the bottom of the block and now it has risen and seems to be finding support above the block.
Although this chart paints a long term bullish picture and with bitcoin market dominance increasing, I sincerely doubt we'll see radical drops and...
I had caught a beautiful short in the small red rectangle which I had recently closed anticipating a bounce -- should it occur, I might open another short as a scalp because the bottom is not very far though the downtrend is very steep.
The demand zone is depicted as a green rectangle whereas the absolute buy zone is the purple rectangle. I am not calling for a...
It's retesting the demand zone -- very common pattern for intraday trading btc. High probability. SL below the demand zone -- ladder buys for optimal entry and reduced risk
I'm not a fan of XRP fundamentally but charts don't lie.
XRP entered heavy demand zone and I think we'll see an upside movement of at least 10% from here short-term.
Just to be safe, ladder buys throughout the green box.
