LONG $FLOWBitcoin is not in its best moment, yesterday showed signs of weakness (it is normal we were expecting it) but has not decided whether up or down so we are still in the channel of this last week between 26.5 and 29, at any time could leave this channel and do much much damage to the altcoins.
FLOW
$AVAX $DOGE & other Altcoins were great buys days ago, what now?Last week we mentioned buying #crypto #altcoin
We spoke on:
$AVAX
$JASMY
$ADA
$MANA
$MLN
$DOGE
$TLM
$SPELL
$TRU
And others...
We then spoke on taking some profits, sold 1/4 to half of positions on that bump.
Yesterday many hit support levels & some are still close to support levels today.
Here are some that are still not at bad prices
$AXS $ASM $AVAX $FARM $FLOW $ENJ
$SUKU hasn't sold off and held well
$MKR has pulled back a decent amount but looks like it wants to sell off a bit more.
#cryptocurrency #altcoins #cryptotrading
Positive reactions have been observedFlow's price increased to $1.44 after it crossed the resistance range of $1.159 to $1.238 with the support of buyers. Positive reactions have been observed in the return and pullback to this level of support. Considering that the trend is completely bullish in the 4-hour timeframe, as long as this support is maintained, there is the potential to continue the upward movement and grow further to the resistance range of $1.57 to $1.64.
But if selling pressure increases in the market and this support level is broken, we can expect a deeper correction to the $1 support area and even the previous floor area at $0.938-0.964. Given that the current support range has overlapped with the ceiling of the broken descending channel, there is potential for a good positive reaction from this level and continued price growth to at least the previous top.
In general, the range of $1 is considered an important supply and demand area for it, and it is expected that the price of FLOW will fluctuate in this range for some time. So the range trend is expected for it. Also, price growth is more likely until the floor of the previous ascending candle in the weekly time frame is not broken down.
DO NOT MISS THIS FLOW TRAINFlow is ready to go higher...be ready. TA and PA is super bullish. Targets 30-50%.
NOT A FINANCIAL ADVICE + MANAGE YOUR RISK AND USE STOPLOSS
FLOWUSD Inverted Head and Shoulders into bullish breakoutFLOWUSD has completed the formation of an Inverted Head and Shoulders pattern that just crossed over the Falling Resistance (Lower Highs) of the Bear Cycle.
This is the first Bull Cycle confirmation.
The RSI 1D also made a Bull Flag breakout.
The MA50 1D is supporting.
Trading Plan:
1. Buy if the price crosses above the MA200 1D.
2. Buy if the price pulls back to the MA50 1D.
Targets:
In both cases 2.0550 (Resistance 1) and 3.2000 (Resistance 2) on the medium term
Tips:
1. A Head and Shoulders pattern cause the extended decline that led to the Inverted Head and Shoulders. This is a flipped image of that sequence. Clear illustrated by the red and green path trend lines.
Please like, follow and comment!!
Flow coin formed bullish BAT for upto 17% pumpHi dear friends, hope you are well and welcome to the new trade setup of Flow coin with US Dollar pair.
Our last trade of Flow was as below:
Now on a 4-hr time frame, BAT has formed a bullish BAT move for another price reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
FLOWBTC - Sat in the Middle of a Channel, Still 20% Gains to GetLook at Flow on the 2d chart, there's been some really profitable trades in the last 8 or 9 months. In comparison the potential 20% gain we could be looking at here doesn't seem like all that much - but 20% is still huge!
Even though we're half way through this channel before getting a Long signal from Crypto Tipster v2 there's still plenty to be made in this trade, we're sat a healthy amount above a recent SR level so the price may sink down to touch this one more time before making it's way up the test the descending trend line once more..
Will it break through this time?
Maybe get a limit Buy in on that recent SR level @ 461 to really boost your gains on this one!
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
FLOW/USD- Breakout or Retrace to Entry Price? Flow is largely unknown to me so charting for a follower who is bullish.
TA suggests potential for a break over the next few days.
I'd like to find the lower entry price but if BTC rallies it may push the alts through current resistance.
Personally hesitant buying the breakouts at the moment but consideration should be made as this has sound potential to head back to previous highs.
Targets seem high but are realistic if the market confirms a flip to bullish.
I'll be on the sidelines here until I'm more confident BTC is going to hold the support line.
My opinion is that it won't and will retrace between 6 and 10% over the next few days, that would create the right entry price for a few alts FLOW included.
Alternately if it jumps the 1.16 resistance it'll flip to become the support and we may see some positive price action.
As always, just thoughts and TA, NFA
Feedback Welcomed.
Bingaz.
Do you want to know what it is?Do you want to know what it is?
*nod*
The Flow is everywhere.
It is all around us
Even now in this very post
You can see it when you look in your account
Or when you turn on your Favorite stream
You can feel it when you trade
When you go to the casino
When you pay your taxes
It is the wool that has been pulled over your eyes to blind you from the truth
What truth?
That you are a slave, like everyone you were born into Debt, a prison you cannot smell or taste or touch.
A prison for your PnL
Unfortunately, no one can be Told what the Flow is.
You have to trade it for yourself.
————————
Jan 13
On the down-low Money Supply factsThe chart shows two recent and unprecedented occurrences that may lead to an outcome of equally unprecedented proportions. In the past year the money supply
peaked and is still negative over a year since
reached peak liquidity
Causes include the effects of the pandemic, asset conversions spurred by tax reforms and corporate buybacks, rising unemployment and housing prices amid interest hikes , and government security buybacks initiated due to bond market stress.
This general and massive sell-off at peak valuation with no likely intent or ability to spend in the near term at a time of impending stagnation forebodes a bearish outlook for markets worldwide.
Trading Idea 023: FLOW Market Conditions:
- trend reversal situation
- consolidation around the support
- bullish sentiment in the market
Key Level and Lines:
- $0.961 support
Trading Ideas:
- go long if the price moves back to the support and bounces from it
- go short if the price moves below the support supported by bearish sentiment.