Good risk/rewards. Back testing the break of he major downward sloping resistant line.
Descending triangle forming on the daily If the base of the triangle breaks on a daily candle closure then targets of the $25k region Also not the daily topped on a TD9
ETH/BTC broke above the important horizontal resistance, back-tested it as support and is now breaking to the upside
Bitcoin awaiting the breakout of the symmetrical triangle/pennant This is a 'continuation pattern' so as we are are in a macro bull trend then it is statistically more likely to break to the upside
BTC.D has fallen out of the bottom of the descending triangle and has a projected target of 65% BTC market dominance.....Alt season anyone? :-)
ETH/BTC Trading sideways in a range awaiting a break up or down The thicker white lines highlight the levels to the upside and to the downside
Decision time for BTC, do we break over and hold $38k then we can go bullish again targeting $46k If we get rejected by $38k we can most likely expect sideways between $33k and $38k
Inverted Head & Shoulders in Bitcoin $23k target if the neckline breaks on a 4hour closing candle basis.
Could we be about to have a mini altcoin bull run based on the daily TD9 sell signal?
This asset has been ranging nicely offering great long and shorts signals. I am accumulating this coin so I have been selling part of my REN position on the short signals rather than going outright short and increasing the amount of REN coins I hold by buying them back on the buy signals. I have been using the signals linked to automated bots to manage the position.
We are being supported by the trend-line, stop below the lower support (you can place your stop tighter if you wish), target the top of the ascending triangle and also trail the take profit for a potential breakout to 11.5k
Sell the breakdown at $9400 if we break to the downside. Stop mid $9500s Target a $300-$400 move
Buy the breakout at $9550 if we break to the upside. Stop mid $9400s Target a $300-$400 move
Nice risk/reward trade, breaking below the low of the 12 hour TD9 and also the rising trend line has been lost.
This is a very nice risk/reward trade as the price could potentially hit the target and then also break out the ascending triangle for even greater profits. The stop just below the 200 day MA and the loss of the trend-line is a clear stop and a tight stop
We have broken below the daily TD9 candle so I am expecting a move down to test the 200 day MA The stop would be the high of the daily 9 candle
Buy the support, sell the resistance, stop under the recent wick low.
If we lose the support line drawn I expect a move to the previous support zone