XMR is moving in an ascending triangle right now. It is very likely that XMR will outperform BTC in the following weeks. An upward breakout above the previous high will be the bullish confirmation.
Good luck trading :D
I re-publish this idea because the original one was made invisible for having links to my social media.
Hello guys, I am back. Hope you are doing well in this bearish market.
It still makes me laugh whenever I recall that people were enthusiastically calling for 50k...
Route 1: double top at 9700
Route 2: new high (probably break 10000) and sideway for a few days then crash (the bar pattern on the right are the rally after Bitcoin broke log-chart triangle in 2014.
So short-term still bullish until 9700. I don't think it will go higher than 10600.
Good coin. The consolidation phase is almost done. Very good entry opportunity.
Target 1: 0.00046
Target 2: 0.00050
Target 3: 0.00060
Target 4: ATH
By the way I didn't publish many ideas lately because I was busy studying and buying alts. I think it is safe to trade alts before BTC reach 8800.
Unfortunately, the bears are strong and they drag bulls once again down in the mud. Now we can see a symmetric triangle has formed, showing the fight between bulls and bears is about to have a conclusion. Symmetric triangle usually marks the continuation of the trend. Last time we see a giant symmetric triangle on 4-hour chart was before the 6k drop. We could...
I think the breakout from the huge falling wedge is valid and the upward target is around 8800. However, we have lots of resistance levels between now and the target. The nearest ones are 7250, 7500, and 7700.
I make this new post so I can post new updates here.
BTC is moving inside a symmetrical triangle which is also part of a big bearish pennant. Personally I think it is more likely that it will break down and drop further to around 5k8. However, it is also possible that it will breakout and create a double bottom together with the 6k4 low. If so, the first resistance it needs to break is 7k5.
Anyway, once the...
Now we are close to the 0.382 fib retracement 7471 since the drop from 9177 double top. If history repeats itself, every double top has a retracement to around 0.382 fib since the Dec. ATH. So now this is a sell zone rather than buy zone. A safe strategy is to sell and wait for further bullish confirmation.
You can see BTC has broken the giant triangle on log chart. If we cannt see a strong bounce today, we may see a catastrophic drop coming.
By the way I have been 20x shorting it since it broke the symmetric triangle yesterday. My opinion might have been biased by my position.
From the chart we can see litecoin is moving inside a falling wedge and both MACD and RSI are showing bullish divergence. Also, 130 held well on March 28 with huge volume, showing many buyers are satisfied with the price. It may drop a little bit more to 128 but it would still be bullish as long as it stays inside the falling wedge. A more likely scenario is that...
If, I mean, if, BTC doesn't break 7700 support and bounces back to 9k, it will create a very bullish pattern where we can find adam and eve bottoms on the chart.
If you have followed me for a while, you know I had always been holding a bearish attitude toward this market. However, I would like to see the bull market returns just like others. Now I felt that...
As you can see on the chart, huge volume shows up after XLM hit its recent low. Whales are accumulating coins right now. They may pump it anytime from now when the fairx news is ready. I do not have a target for you but I think the profit will be sweet enough even if BTC tanks during the XLM pump. You can trade it at your own risk.
Now BTC is moving inside a falling wedge and has found support around 0.5 fib retracement. And we can see some bullish divergence start showing up on RSI. I think we may see upward movements soon today or tomorrow, assuming no very bad news coming out. It is still possible that it may fall to 8200 and test it again today. Personally I would start buying around and...
Both MACD and RSI show bullish divergence on 2-hour and 4-hour chart. The bullish divergence is actually a sign that whales are accumulating.
I think 7k6 is close to the bottom of this cycle. Whales may release good news in the following weeks and try to pump the price higher to sell.
There might be another one or two dips to 7k2-7k6 but I think the bottom is...
Yesterday I found the 8k support was very strong and I closed my short position at 8k. Now it turns out I made a good decision.
Now whales have made a breakout and it pops out from the triangle structure. I haven't enter yet and I am patiently waiting for the retracement. I think it could drop down to around 8350 in a couple of hours. The upward target is...
The big bounce happened as I said though it dipped a little bit lower than I expected.
Here's my next trading plan. I think this is a BOUNCE; this is NOT a reversal.
So I will open another short position around 8300. And my target is around 6800.
Be aware that whales often do straight up and down movement to liquidate traders who use 20x - 100x leverage. I...