A Storm is brewin' - And I think we're all sick of winter storms I've read some commenters who feel we are in a channel and they've been profiting on it. I say kudos to you as this "channel" is most decidedly a converging triangle.
BTC making some moves this week, where they lead to nobody knows yet, BUT, we will likely determine the lifeline of STORM in the next couple of weeks (maybe sooner)
The two scenarios played out come to a head no later than February 27th for option one, and March 7th for option 2. You can see these dates by hovering over the chart and finding the very tip of the triangle.
Follow the squeeze! Up or down? Death or rebirth? Drop me a like and a line!
ALT
WAVESWAVES looks mega bullish to me. Structure is turning out great and indicators are showing good signs.
BTG-BTC Long Trade PlanBITCOIN GOLD LONG TRADE
Chart is self explanatory I think.
Shorting zone is mentioned along with Stop Loss and TP Price Points.
XEM-BTC Long Trade PlanNEM LONG TRADE
Chart is self explanatory I think.
Shorting zone is mentioned along with Stop Loss and TP Price Points.
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Massive Alt Rally coming!!!This chart is my new bible
I have a strong feeling that we are about to see 2017 January played out again with a MASSIVE alt rally back to about 45-47% BTC dominance. This would result in about 3-5x on most coins.
Once we reach the trendline I also have a two feelings. One alts retrace after a massive rally and BTC takes charge in late Q1/Early Q2 as investors pile in and buy BTC sending it on a massive rally (think ETF, Ameritrade, Fidelity all making BTC available to buy AT SPOT PRICE) we could see alts fall back some while BTC steals the show. We will know when to trade alts again though vs. sit in BTC when we get back to the top trendline or even back at ~62% BTC dominance trendline.
This market is very easy to trade when looking at the evidence. The problem is we are emotional and impatient imo (myself included :smiley: ).
I am working very hard to take a rational approach on how to trade this market going forward from the lessons I've learned through this bear and the bull in 2017/2018 (when to hold and when to trade and WHEN TO GO USD!)
Now is the time to grab alts and hold folks.
I wish I paid someone $500/mo in early 2018 just to tell me to sell to USD and do nothing. Now I would pay someone the same to tell me to hold (obviously still trading alts, but looking at daily charts and not 60/240's)
Don't get caught up in the small swings. We must look at the big picture because I think things are about to get nuts.
/rant
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GNT Long IdeaGolem is sitting at life support at ~1700 sats. A bounce here should lead to a 60% move towards resistance around ~2500 sats. If support doesn't hold, then I don't see much of a reason to be a bag holder. Keep stops tight.
$ALT Altium Ltd long off supportHere's my trade set-up today $ALT Altium Ltd (ASX) long 480 units at 20.79 off this support level which has been holding up well so far. I've been playing these most recent s/r swings and making nice gains so happy to go in again. The only negative is the fact that the market in general have been very volatile (dumping) and as such, increases the risk on this trade. Bottom line though for me, this as an investment as well as a swing trade so its a good price point to pick up at a reasonable price point. Worst case scenario it takes a dip, breaks support and recovers at a later date. Not financial advice.
NANO/BTC Might see a 100% bounce if this support is HELDWe got a heavy retrace so far but it seems we hit a nice daily breaker withing the fib zone.
We are heavily oversold right now. If we hold this higher low, we might be seeing a nice 100% bounce.
Trade wisely.
QKC/BTC Holding the pivot support, may get a run up!On the 4H chart I can see that red level(lower) as an important support/resistance flip level. We're currently holding it as support. Those wicks below got bought up pretty quickly and were made during BTC's dump the other day.
A long here may be possible but it's wiser to wait for confirmation on a lower time frame, something like a break in market structure UP, and then a retest, if you want to increase your chances.
Look for something like this:
Entering aggressively right now may be risky because this isn't the first time we're testing this support, and as always, be wary of BTC's movements which may disrupt most alts if it gets twitchy.
Trade wisely.
ARN/BTC Holding Daily support, buyers should wake up soon!This is a similar situation to my last idea about RVN/BTC.
Here's the daily view:
That red block is a 4H block where the price bounced from. Since then we haven't locked below the middle of that daily(green) pivot block, which is a good sign.
On the 1H chart, there's the resistance level we're now pushing up against. IF it breaks, we can find a buy opportunity on a retrace.
Trade wisely.
RVN/BTC Hit a major support level, could see a bounce soonSee the 4H chart first:
It seems RVN has hit a major 4H support block within the optimal fib buy zone.
Now if we look at the 1H chart, it seems that we're currently trying to get above this resistance level. Once we do, it should provide us with a retrace into it to retest as support and if bullish, we should see the attempt to take out the previous high.
Trade wisely.
EOS/BTC Looking WEAK, possible bloodbath comingAs it stands, "Ethereum Killer" has seen better days. This recent dump has broken some previous lows, we got a nice retrace back to fill up the empty spaces and retest the 4H pivot level as resistance, and it seems to me it's going to try to take those lows for now, or maybe reach for even lower lows.
Trade wisely.
QKC/BTC Watch these 2 levels for a retrace before new HIGHS!We've made a higher high, which is a good sign, now we have to retrace before attacking new highs.
I have this gray 1H block and the red pivot level marked as possible levels that should hold as supports right now.
If we bounce from there, there's the next target marked as the yellow line which is a previous high.
Trade safely!
DOCK/BTC in the optimal BUY zoneWe're inside a 4H breaker currently, retesting it as support again, and also a nice fib retracement zone.
If we bounce from here that would also be a higher low and a good bullish sign for further expansion upwards.
If you look below you can see that we bounced from an important daily pivot level too.
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Colors I use for a more organized chart:
15 min - Cyan
1H - Gray
4H - Red
Daily - Green
Weekly - Orange
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Some terms I used:
-Bullish breaker - an orderblock (a green or red candle, in this case green) that preceeded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support.
EOS/BTC Sitting at support, awaiting clearance for lift offLooks like we made an SFP and are now sitting inside the optimal fib retracement a bit lower than I would've liked but this seems like a good pivot support + 1H breaker confluence.
For better odds in this trade, wait for a break in the market structure on lower timeframe and enter on retrace.
Around 3.8 R/R as it stands now, not bad.
- Bullish breaker - an orderblock (a green or red candle, in this case green) that preceeded a move that took out a previous swing low, but was later nuked through. If the price comes back to that block, it is expected to act as support.
- SFP - Swing failure pattern - a candle formation where the price takes out a previous swing high or low, but returns under/above it before locking the candle. Under the right circumstances it can signal a reversal.