Hey traders!
Here's another take at the market using a different altcoin to complement our earlier post.
The same patterns are evident here as explained in our IOTUSD pair, but we can also see the formation of a very large and significant falling wedge reversal pattern ;)
Bitmain is holding a lot of this stuff...
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Here's another take at the market using a different altcoin to complement our earlier post.
The same patterns are evident here as explained in our IOTUSD pair, but we can also see the formation of a very large and significant falling wedge reversal pattern ;)
Bitmain is holding a lot of this stuff...
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
코멘트:
Now kissing the trendline! Here's our chance to buy support with stop not too far below (parked just below the local swing low).
액티브 트레이드
코멘트:
We are back testing the trendline!
We're forming a head and shoulders pattern. If the neckline breaks we are going to switch short. Its all about being agile in these markets.
We're forming a head and shoulders pattern. If the neckline breaks we are going to switch short. Its all about being agile in these markets.
코멘트:
Neckline broke yesterday, so since then we've been short.
코멘트:
What a weekend we had! We bounced off support and had to switch long at the invalidation level (sorry couldn't update over the weekend):
코멘트:
Here's the bigger picture. If we can breach both these 0.11 fibos we will have our BO to $1K. If not, we will chop sideways. Buy back looks good around $480
코멘트:
Yeah! We got the flag BO on the lower time frames:
Now if we could only break above $622....
Now if we could only break above $622....
코멘트:
Consolidation time?
코멘트:
코멘트:
Consolidation should not retrace deeper than $500.
코멘트:
Here's the bounce!