Rising triangle forming on NEO USD at the moment with an upward breakout expected before 18th Dec hopefully.
I've had a position open for a few days now, but it's looking likely to make the move in a few days. The Hourly RSI is in a position for upward movement, the daily RSI has just dipped below 70 so there should be room there too.
I like to keep things...
Based on the historical data of previous bull runs and retracements, we're looking at a new ATH in the top blue box, with a 50% retracement in the lower blue box.
This is assuming that this run follows all the previous that hits the 100%-161% fib extension and retraces to 50% of the last run.
This isn't a normal run though I don't think:
1) all t fheutures...
I've been watching ripple for a larger correction as it bounced in this rising triangle. It just broke out, closed the first hourly candle above the line, just waiting on the second to confirm this breakout, but we've already hit some new highs in USD terms.
RSI is looking strong on hourly and daily for more growth here.
Yesterday in the GDAX BTCEUR market we saw two sizable dips. the first was clearly a large player selling off their coins because the price dropped and instantly returned. However, a short while later we saw a more sustained decline with a larger volume going through the exchange which managed to give some people (including me) trouble logging in and waiting for a...
Well, my last trading idea panned out reasonably well which is a first, but I'm still hanging on for this retrace!
I think everyone (me included) is expecting a retrace any point now. It seems logical (Is BTC logical though!?) that it will happen at around the $10k mark and the rest of this idea rests on that assumption.
Using the Fib retracement, I've plotted a...
Well, it's pushed higher than anyone thought, but the bears look like their waking up from hibernation and the Bulls seems to be running out of steam.
The next question is, if it does break downwards, how far will it go?
Not sure if I'm drawing all these lines correctly, but they seem to make sense to me. I'm going long as the indicators seem to support it after just about touching the previous ATH. I've checked the BTCUSD pair and that has peaked above the ATH several times, and the BTCEUR should follow the larger market, so I'm going long.
Stop loss setting to just below...
I'm a bit new to all this technical trading after being a bit of a FOMO trader for a few months. After reading lots of posts from others, I'm convinced we're now in wave 5 of the Elliot wave pattern right now. Adding to that, I'm not convinced we retraced deep enough before and have been expecting a correction for a few days now.
I'm still 100% out of BTC right...
