A lot coins lingering near break-out areas, waiting for a volume trigger or a catalyst. BNBBTC is one of them, already had a great run, with potential of even more once it breaks above ATH. Once it breaks above the bull flag, take a scalper at the ATH and sell 1/4, maybe accumulate it back once it retraces and look for a potential second target at the next Fib...
Looking for a breakout above multiday resistance lines, enter ONLY after breakout and wait for pull back. First target (green line) is scalper, sell 1/4, second target (blue line) has 3:1 RR ratio -sell 1/2, and last target (red line) is the runner -sell remainder 1/4, or can sell 1/8 and see if can get more out for the last 1/8.
IF EOSBTC breaks out above recent highs, and enters into the yellow area, look for a pullback & hold to break higher. Clear blue skies if it breaks above red line, ultimate target above shown in cyan. Breaking down below yellow area will negate idea.
Bitcoin at a critical level, breaking below 8600 will see 8000 in a hurry. Target T1 may be just the beginning as the energy stored in the rectangle yellow area may propel it down even further. The green trendline support is coincident with Volume Profile lower end of value area and past days support levels, nonetheless I can see much further down as mentioned earlier.
Safer than shorting BTCUSD, I am looking to short ZECUSD IF BTCUSD breaks below 8600 and HOLDS. Look for ZEC break below the edge of the cliff, support level shown in magenta. There is clear air below, next stop being almost 50 to 70 lower than current price levels. #DYOR & Trade your plan.
Bear Flagging, people. If it breaks the lower trendline on the 4 HR, we can see 8000 in a hurry, even more to the downside #DYOR & follow your trade plan.
Breaking below lower trendline on the 4H chart, should bring ETHUSD to the next HVN down to 685. Wait for confirmation with BTCUSD breakdown as well, otherwise idea no longer valid.
Chart lines were drawn more than a week ago, shows BTCUSD on a ascending triangular pattern. Now it is testing lower trendline (blue), and the expectation is for Bitcoin to resume higher to 11800 - 12000 area. 12K is critical, once above it it will easily run 1K to 13K. Below recent lows, a different story. -> mid 9K's. Personally, I am looking for a retest...
Bitcoin will get a second chance today or tomorrow to see if it can break above the upper trendline (magenta line). If it breaks below yesterday's low of 10,125 we should see a return to the support line at the lower trendline. Let's see what pans out, I'll be looking to short it IF it breaks below yesterday's low. I'll also be looking to go long if it breaks...
Beautifully balanced around 11,000, BTC is looking for a bigger move in the next couple of days. Currently tightening its range, the probabilities are pretty much equal for both to the downside or upside. Targets at Resistance above and Support below shown, waiting for the breakout & retest for an entry.
If price breaks below the purple line, and using recent swing high + cushion as SL, as a potential short trade. 1st target is 2.56.
Potential Long at the breakout, of recent high. Resistance areas plotted for T1, T2 & T3
Finding some good setups, unfortunately not paired with BTC but paired with USD. Same thinking as my previous post on LSKUSD, if BTCUSD takes a dive and Clubcoin holds, we should see a break above the ATH. Let's see how they pan out.
Above 8.54 there's only blue skies, hitting ATHs. Expecting a move higher with a chance to hit 12.5 area if BTCUSD drops from the recent recovery rally (now around 7000).
Looking for a long if it forms bull flag, entering maybe a bit lower than current price. T1 is the scalp to pay for the trade, T2 is to ride a winner if volume picks up.
Altcoins making a move. Expecting emc2btc to break out of the coil. Up or down. Prefer up since you can't short it.
NAVBTC in accumulation phase. With XLMBTC making a move, let's see if the other altcoins follow suit. Looking good here for a move higher.
Seems like PPC is turning around, breaking above downtrendline is confirmation for turning the tide, if at least for a quick scalp