hyla1996

PONKE showing a significant divergence paired with a channel breakout. I expect the channel to be retested where I would enter and the retest. If it’s not successful and it breaks down before the retest I will short the neckline retest of the resultant head and shoulders pattern. Invalidation on a break back into the channel.

Back again with MEWUSDT.Last attempt at shorting Mew was indeed a failed trade but we maintain an unbiased stance and accept that losses are inevitable in trading. MEW has formed a triple top formation using the mid range support (also a major Fibonacci support) as a pivot for its three peaks.its quite an obvious trade and will trigger a short position if the neckline is broken and retested, upon which I will enter on a satisfactory retest and aim for the range support.ANYTHING CAN HAPPEN.

MEWUSDT came up on my ‘daily gainers’ list a few days ago. As with most relatively unknown coins, after their brief moment in the spotlight, I’ve noticed they enter a prolonged and vicious downtrend. Mew has been making clear lower highs and lower lows since it’s run, and has now formed a range bound consolidation pattern. If this range is broken and successful retested, that will trigger my short position. With a stop at mid range and a take profit at the .618 fib level where we could expect a possible bounce. 4/1 RR, let’s see if it acts as planned.Invalidation if the range is broken to the upside or if the range is reclaimed after the breakdown. Anything can happen, let’s just prepare for the opportunity!

Bitcoin has been channeling since 2013 and the recent pullback to 40k appears to be a retest of the mid channel support region. This means the top channel resistance is now a real possibility. Using time cycles, you can see compared to previous bull runs we're only about halfways through the bullish cycle, with the bearish one due to start in summer 22'.

Coti has formed a textbook cup and handle pattern and is retesting old daily highs as new support. We get the target by taking the height of the cup and measuring upwards, giving us a target of around 0.9c.

Here is a long plan I have devised for Coti. I will long if we pullback to the pivot.My first target lies at the .618 fibonacci retracement, and my second target lies at the 1.382 fibonacci extension. The 1.382 level has confluence with the 1.618 extension of the first wave of this move on the daily.Coti going well past my stop and after 2 long attempts, I will wait for another bullish set-up before entering again.

RSR handed me my first loss in this series of trades. I took the short on the confluence of a head shoulders pattern and a broken trendline that had been retested. It didnt work out as buyers were stronger and sent the price upward! This happens all the time in trading. We go on to the next one! GG

RSR Has made a head and shoulders pattern on the 30 min and has broken and retested the uptrend line shown. Im targeting the .618 fibonacci for a 5-1 RR trade!

2/2 So far :) This absolutely went through the roof! Check out my previous post to see how I was able to anticipate and trade such a big move. 9/1 risk to reward.

Slight changes to the set-up as the triangle is taking better shape. Ive updated my R:R to a 9/1, found by taking the height of the triangle and measuring upwards.