Coiling upI just bought calls Feb 21st, strike 425. Price is coiling in the ascending triangle. Yo can also buy the stock, is safer. I think is going to break in a few days or couple of weeks.
Coiling
ICP - a pig of a chart, but signs of secret coiling nonetheless?I'm heavily invested in ICP and most of it is locked up for a minimum of 8 years, so yes, I'm biased... I think this has got to be THE most undervalued project in all of crypto.
And so I'm perpetually disappointed with the uninspiring ICP/USD chart. What IS going on with that? Nothing to hold onto, nothing to indicate the price is coiling up, ready to spring out of its pattern and finally surprise crypto-heads the world over.
It's easy to draw a teal arrow, and the one drawn in this chart - as anyone can see - is not grounded in T/A. In fact, one could clearly make the case for a disturbing trend of ever less convincing highs (red curve) with chances of a drop down more likely than a pump up. Also, there is a lack of significant historic support, which makes trading ICP uncomfortable.
And I'm not saying that a drop is unlikely to occur. ICP has been taken on by crypto heavyweights in the past and may be pounced on again in the future. BUT, there is another way of looking at ICP and of trading it responsibly (if trading is ever responsible).
I suggest that for trading purposes, it is much better to use the ICP.D chart (first chart below) or the ICP/BTC chart (second chart below). These are very similar, but my preference goes out to the ICP.D chart which shows the history of ICP market cap dominance. This is a personal preference, related to my favourite way of calculating Fibs. The ICP.D chart has some interesting recent runs and drops that - interestingly - the ICP/BTC chart lacks. These pumps and drops allow fibs and trendlines to be drawn and also show some support by significant moving averages on the daily chart.
A triangle is the main feature (on both these charts) and we're right at the bottom, pretty close to some other support features (MAs). This makes me think that ICP IS in fact coiling up with investors in silk slippers accumulating ICP sneakily. But you can make up your own mind of course: I've always has a lively imagination.
Now, if I had even more appetite for ICP accumulation (which I don't - I'm already out on a limb) I'd consider buying the day we see some long bullish confirmation candle. With a relatively short stop to be activated in the event of a weekly close below the triangle. That'd be a neat and potentially responsible trade.
Note I've also added the weekly ICP.D chart with a crazily optimistic trendlines for peeps that are on my ICP buss... (chart at the bottom)
KMD coiling up?Nice triangle, BTC drop didn't mess this one... Moves are getting narrower. Could move soon.
Entry on support or on breakout... Good luck traders
$DXY forming a cup and handle!* The $DXY is forming a cup and handle
* The PA in the handle is coiling and getting extremely tight
* A conservative measured objective of this pattern will be around 108.17
* If this plays out as expected we can expect further down side in the general markets.
A Coil In OilOil spent past two days banging on the daily 50 sma from below. Broke out today. Going to be watching this for a triangle breakout to upside.
XRP - The Worst Is Behind Us As BTC has corrected it pulled the rest of the market with it, as expected of course. BTC dominance is still mostly the same which indicates that the at season is still to come. XRP has hold $0.50 coming down as low as 0.55. Not all of the alts has held summer lows, but that does not mean tha they are not in a bull run. XRP did hold summer lows however and that is what s most important here.
I expect btc to still re-test its lows so i have to have same expectations for XRP. Alts likely will not go anywhere before BTC starts to go into a retracement. Expect all this to start somewhere next week or so. We still have to work those lows a bit but after that XRP should explode with the rest of the alts that are THAT undervalued. We've been coiling up sooo long with the price that having expectation for the parabolic rise very soon is not an over exaggeration.
I am not a financial advisor so non of this should be taken as a financial advice.
BINANCE:XRPUSDT
$AMD - Coiling TighterEven after this gnarly red day, AMD has found support within its symmetrical triangle.
As price coils tighter, the likelihood for an explosive move increases. Will keep this one on the watchlist.
Playing dead or really died?NBS could be just coiling up for the next big run or really died. Set alarms at breakout levels and don't let this one goes without you... For now, it was boring, 12% up, 12% down, 12% up...
BTC slowly grinding HigherThe road higher is a slow grind now, with quick bursts every so often usually a result of short interest getting rekt at critical times. DCA is your friend...if you're not a genius that knows exactly where price will be ahead of time. If you want to get better at it, brush up on Math and Technical Analysis. I myself have much learning to do, going to be reading a book or two during the Christmas break, but BTC never sleeps.
Resistance appears near the 24K mark, where multiple rejections have occurred, Bearish bets are probably gathering at or near this price level for the next day, and some are probably still on from previous trips to that level. If 24K resistance goes, probably a bull run to 26000 - 27000 as an 11% move. It is slowing down, the last explosive move was a 21% move, but we are pretty much in holiday mode so don't expect it to do something crazy like double. Also, it can go down so don't get too comfortable.
SNAP Possible BreakoutSNAP coiling tight into the apex of the ascending triangle. Solid support along lower trendline and 8 EMA. Breakout could go either way with current market volatility, so playing it safe. My entry will be break of resistance and break of RSI upper trendline.
Decent volume but big OI on the 1/15/21 $55c and $60c.
$CSIQ Coiling Up Before Potential Bull Wedge Breakout$CSIQ is showing great strength and now has an incredibly sturdy base of support that is forming a wedge now. If buyers can manage to break up, there may be some serious room to run.
EURCAD - Great bullish setup!Great coiling action here on EURCAD. Price has been coiling upwards for months. When it finally pops, there will be a massive train to the upside. If you ever wanted to go to the moon, now's your chance.
** Remember, we do not predict future price. We react to current price movements based on our interpretation of past data.
NZDCAD - Bullish Curve TradeThis pair has a nice bullish curve that has been building for many months. When the pair finally does break upwards, there will be very strong momentum.
BTC Update! Tightening pattern! Will it break bullish or bearishQuick update. BTC has been tightening up really ever since the bull move on Monday. Bulls saw a strong push upwards and topped out at $3711. The ideal from there for bulls would have been brief consolidation and then another leg up. Instead we have entered into an equilibrium pattern of higher lows and lower highs.
BTC pulled back from the $3711 level down to $3539. They then formed a lower high at $3667, another higher low at $3541 (essentially a double bottom), another lower high at $3657 (essentially a double top) and are now in process of pulling back again and seeking another higher low compared to $3541. As these higher lows and lower highs tighten, it does not give much wiggle room for price action and the tighter the pattern can get, the more likely scenario for a strong break when either the lower highs or highs lows break.
I personally did scale into a position on LTC on the pullback a couple days ago and now have my stop loss set using its most recent low so gives me less than a 1% risk from my fill position. I usually don't play fills in this manner but it was a relatively small position and happened to be at computer when some type of negative news on ETH came out and was watching a fairly quick bearish run across ETH, BTC and LTC so opted to go ahead and fill some for LTC.
Ideally I want to see BTC break its equilibrium bullish and thus allow LTC to hopefully run up a stronger % than BTC sees. Equilibrium patterns like this for BTC are 50/50 patterns and for bulls if they break above the most recent lower high, we want to see market buys and stop buy orders filling which provides the volume and gets bulls piling in to give one of the strong pushes upward. Those playing bearish seek the opposite with the higher lows failing and triggering stop losses or market sell orders to dump the price down quickly. Hoping to see a break today or tomorrow on BTC to give the market a direction for the next few days. If we see a bull break, will need to see that continuation and get the higher lows and higher highs pattern re-established. If BTC sees a bear break, I'll be extremely patient and waiting to see if the bulls can continue to defend our lows in that $3100-3200 range.
Just My 2 Sats!
USDJPY-Weekly Market Analysis-Jan19,Wk2On the Daily Chart , market breaks the sideways consolidation and break towards the downside.
With the Wed 2 Jan Asian Market Flash Crash, the market touches the Major Support on the weekly chart and provide a potential selling opportunity on the 1-hourly Potential Sell Zone.
I need more confirmation to look for potential selling opportunity, just subscribe to us so you won't miss out.
Some say out Trade Ideas Results in Oct 2018 is equivalent to most youtube traders 1 year net profit results.
Well, I don't know about if 2,333pips of net profits in the month of Oct is good enough for my subscribers but their continuous support may just show that they are happy.
forex100academy.com
Seeing is believing, we are going LIVE on Facebook this Wednesday, 9 Jan 2019, 7pm-9pm(+8GMT), just follow us on Facebook to receive the online notification:
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USDJPY-Weekly Market Analysis-Jan19,Wk2On the Daily Chart, market breaks the sideways consolidation and break towards the downside.
With the Wed 2 Jan Asian Market Flash Crash, the market touches the Major Support on the weekly chart and provide a potential selling opportunity on the 1-hourly Potential Sell Zone.
I need more confirmation to look for potential selling opportunity, just subscribe to us so you won't miss out.
Some say out Trade Ideas Results in Oct 2018 is equivalent to most youtube traders 1 year net profit results.
Well, I don't know about if 2,333pips of net profits in the month of Oct is good enough for my subscribers but their continuous support may just show that they are happy.
forex100academy.com
Seeing is believing, we are going LIVE on Facebook this Wednesday, 9 Jan 2019, 7pm-9pm(+8GMT), just follow us on Facebook to receive the online notification:
www.facebook.com
Bitcoin Price is Coiling- Expect A Breakout Soon!Pay attention- the price of bitcoin is about to explode.
Remember, just one year ago, the price of bitcoin stood at $6,000. After running up quickly to nearly $20,000 in November and December, the price of bitcoin has spent a year consolidating to it's current price of about $6,500. Bitcoin is currently displaying a classic coiling pattern, where the price becomes rangebound in an ever-narrower channel, coiling up like a spring. Historically, it is at the point where prices explode , either to the upside or the downside, as the frustrating sideways movement unleashes the energy built up in the coil and the prices runs quickly in one direction or the other. I'll be watching closely over the next couple of weeks to see which direction the price breaks out.
Capitalizing on Future Water ShortageThe model of CWCO is to go where clean water isn't, and to be the company to provide that place with clean water. It's a tremendously simple business model that exploits a 'batteries included' system of installment, financing, and operations. The company's net profit growth of 27% and its Projected Net Income 5YR Growth average of 27.4% makes this company considerably undervalued to its intrinsic value.
Check out my piece on CWCO on my blog: rockvuecapital.wordpress.com
As always, if you find holes, please expose them so I can learn.
Always trying to improve,
Brandon
Litecoin. New pattern idea. Will we coil again before breakout?It looks as though Litecoin may be forming a new triangle. I have a suspicion we will begin to coil yet again in this larger triangle before finally punching through our ATH with another long green candle much like the one we saw yesterday. This next coil process, if it proves to be true, could take up to a month to form before we see our next big punch through. Should this idea be correct, I see us bouncing up and down between our support levels of $48.90 and $50 AND our resistance trendline (downward sloping orange) which will pressure us slightly down on a daily basis.
Don't be discouraged Litecoin traders. This is an extremely healthy process. One of the reasons I have fallen in love with Litecoin lately is because of it's healthy charting patterns and stability. Our next big punch through should take us through our ATH of $57.75. Target remains $75.00+. Stop out remain anything below the upward sloping GREEN trendline and should be adjusted daily.
Keep the faith in Litecoin traders and as always, happy trading!
AER coiled up on dailyNice bow draw reversal back into wedge. Pos divergence and %R both say up. 200 MA just above, 8, 20 and 50 just below. We'll see.
Waiting for a real breakdownRight now, we are in a symmetrical triangle and we are going to have fake-out moves on the smaller time frames like we did just a few minutes ago that don't involve any real volume. Now we can see that consolidation is almost over and it's almost time to choose a trend. Since we made the peak at $315, we've had several patterns that might indicate a move, when really, the price was just in consolidation, and I warned against putting too much faith or trust in these patterns since they weren't on a big enough time frame.
This time, I don't think we will have another fake-out. When we break down on significant volume, which I expect to happen, it will become the trend. Right now, I see us making lower highs including the run up to $268 with a very weak pattern of slightly higher lows on the $230 support line. Given that the predominant trend is still down, this pattern favors a move down.
Once this pattern breaks down, the first target is the recent lows in the $160s and possibly a continuation after that.
