ALT
ALGO Went AS PLAN! Now time to buy!Algo made resistance strong support on daily as we predicted before this even happen yesterday and was spot on and caught the exact dip. We can now expect to continue to run towards $2.00 now once btc start being stable and btc.d look like it is reversing so now there will be more buys in ALGO now then ever and we will go up from here.
LOOK AT LINK I POSTED YESTERDAY. IT was accurate.!
Bitcoin SV// UpdateHowever not greatly surprised, the literal exact inverse of what I expected to happen....happened.
Price tested the long term uptrend as a result of the drop in BTC and is finding support around 200.
Price has found support on the midline of the butterfly formation. Didn't enter on the short, but I will look to catch the long.
Check comments for prev . analysis.
Binance Coin// W Pattern Next?? ⏱️🧐Looking at the price action, we are currently in a descending channel. However, this is the perfect opportunity for a W formation to form, some may call it a dragon pattern.
Obviously there's still a lot of time left for this pattern to form, meaning that anything can happen between now and then. However, if we have a break of this channel, then there will be a short term scalping opportunity to the next market structure.
Let me know your thoughts!
Check comments for a similar pattern on a previous Bitcoin analyses and also my previous BNB analysis.
Algorand $ALGO analysis - Lovely.Alogrand broke its downtrend and I averaged the move up and put that near the breakout which works for me plenty of times and it shows me here we can go towards 2.10-2.30 , Algorand is currently around 2.4 billion market cap which is a very low market cap. For a project like this.
Fundamentals on $ALGO is A-1. I personally think this will be trading around 10-15 billion market cap this year alone. It won't surprise me if it explodes past that market cap.
Algo also on the BTC chart shows even a more bullish chart.
Check out our ATOM trade and CRV trade we kilt it! Links given to those.
#KeepCalmAndAlgoOn
CRV TO INFINITY AND BEYOND!I Believe crv is in a cup and handle pattern. And has just seen a strong rejection from a key sr. Also on 11th and 5th of feb price tried to pass over the 0.618 fib level at around 3.64 however i believe in the coming days CRV will brake through this level!
however please keep an eye on BTC and BTC.D( bitcoin market cap dominance) as they will have a huge impact on price.
Important for any new futures traders!Going to keep this simple here.
The price of bitcoin has sky rocketed these past few months. During the spring & summer time a few hundred dollar move in price would be crucial!
Now the price of BTC is lingering around 50,000. Those small movements that where only a few hundred dollars are now thousands.
👉 My point here is that anyone using anything above 5x Leverage is critically risking there portfolio.
💀These shake outs & wicks are future traders death call.
📈 Lets took a look just recently when BTC had closed above its critical resistance level at around 49,400.
Many individuals had purchased or over leveraged thinking price will move up after confirmation. (Bull trap)
On average the price shifted down about 3%. Anyone more then 20x leverage would have for sure gotten a margin call or suffered liquidation.
👇👇👇
My point is price is too high for individuals to think that over leveraging will yield them higher returns.
Trade futures with risk management and the correct way.
The reasons exchanges offer up to 100x leverage is so they can make money.
Radix short term breakout incomingRadix is one of my favourite altcoins picks of this cycle. Short term looking like a breakout soon
GRTUSDTIf you followed my first idea in GRTUSDT, lets just say you made bank haha. Now we have an impulsive wave, the first mistake a lot of traders make is these follow the price, they rush in and get caught out. Now fibs are not always accurate in crypto given the volatility. but if you want to buy at a good price, see if price will fall back to .5 or the 0.618, this is better way to trade.
NEO / BTC SETUPNEO is currently testing resistance at the 200 SMA and forming a bullish ascending triangle. Breaking above the 200SMA has preceded huge gains in the past.
If BTC pumps, it will invalidate this idea. If it ranges, keep an eye on this and buy the breakout / retest!! Targets are marked at fib/support levels
BAND update: BULLISH RETEST! GOOD REENTRY!sorry for messy chart, just wanted to get this out there quick.
BAND seems to have found support at the top of the previous ascending triangle it broke out from. It's now forming another ascending triangle (bullish pattern) before it moves higher. Right now the PA is at the bottom of the new pattern, which is the perfect time to reenter / increase position!
Bullish cross on Stoch RSI 4HR - good indication of a move to the upper area of the triangle (possibly higher) soon.
happy trades,
CD
EOS still trading low and has huge potential upside!!EOS seems to have turned the 200MA into support and is trading right above it. This is a very good sign and can signal a long term reversal and the start of a new uptrend, especially after BTC has made incredible new highs and is trading sideways just below the 40 000 dollar area. I am very interested in laddering some longs around this area on the 200MA as this would offer proper support. It also lines up perfectly with the 4hr green ichimoku cloud which offers additional support.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
ALGO, the silent mover, has a lot of room to go UPBeen following this for some time now, and, I think ALGO will surprise us really a lot, its been slowly and steadily building up its bases, this is to be a healthy indication, not some crazy pump and dumps with high volatility, but steady growth from the start indicates strong coin. Targets are in sight. I am a noob trader, so please, this is not financial advice, this is just my theory and practice.
Invest at your own risk, and follow your gut feeling.
NEO - BULLISH!!!I posted my chart for NEO recently, I think it was pretty accurate, and now it's looking even more bullish.
Put in a complex H&S with the head bouncing off the 200 SMA on 4hr TF.
Bullish cross on Stoch RSI, multiple TFs
TOTAL 2 pushed above local resistance on recent rally. If it corrects to find support, expect short term downside for NEO to local support - it would be nice to see if it respects the bottom of the channel I've tentatively drawn in there.
happy trades,
CD