Panjang
Calm before the .... STORM /BTC ? Bullish descending triangle
Hello all. I am back again. Hopefully bringing some good karma along the way.
We have here a giant descending triangle formation brewing with Storm/btc that has developed over the course of the past 4 days.
There was a solid %60+ percent drop from the initial run up, and it appears the market has found a (hopefully) temporary floor at around the 46x level.
The market attempted to make a push earlier this morning after leaving the triangle but was rejected by the 100ema.
However, it appears it has found a temporary consolidation range between 46x-48x, and all the ema's are slowly starting to converge (very bullish).
RSI and MACD provide tons of room for growth, and I'm cautiously anticipating a sudden spike coming sometime soon.
Tentative target is 869.
Giant support at 435, if you are wanting to set a stop loss.
As always, pay close attention to BTC as it will likely dictate where the rest of the market goes. Take profits when you can.
Happy trading!
We have here a giant descending triangle formation brewing with Storm/btc that has developed over the course of the past 4 days.
There was a solid %60+ percent drop from the initial run up, and it appears the market has found a (hopefully) temporary floor at around the 46x level.
The market attempted to make a push earlier this morning after leaving the triangle but was rejected by the 100ema.
However, it appears it has found a temporary consolidation range between 46x-48x, and all the ema's are slowly starting to converge (very bullish).
RSI and MACD provide tons of room for growth, and I'm cautiously anticipating a sudden spike coming sometime soon.
Tentative target is 869.
Giant support at 435, if you are wanting to set a stop loss.
As always, pay close attention to BTC as it will likely dictate where the rest of the market goes. Take profits when you can.
Happy trading!
Nota
We made a fairly strong double bottom at 467. Hoping for a continuation of higher highs and higher lows.
In the process we have another smaller descending triangle formed. Appears a decision up or down should come in the next few hours. But I'm optimistic for a large push. Set a stop loss and be patient.
Dagangan ditutup secara manual
Well. BTC crashed the party, as usual. As I emphasized before, take prifts when you can.There was a textbook bear divergence on the initial pump on both the 5 and 15 minute charts around the 630 area. Then she lost steam. But it was a nice 20-30 quick scalp for those that got in on the signal. Now we wait for btc to flush out the swamp...
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.