Reasons to short BTCUSDT -->
1) Downtrend's pullback, build up of bearish flag pattern
2) Multiple resistance to clear
3) bounce from resistance with no clear signs of follow up buying
Reasons to long BTCUSDT -->
1) Price showed bounce from support with morning star doji in 4H timeframe
if you are willing to short wait for confirmations like:
--> candle close...
As, we see BTC/USDT has been consolidating from last 14 days, so
1) If BTC/USDT breaks green trendline than it would be good to short on retest, and it is also forming a flag pattern (which is a continuation pattern) so we might see big correction with minimum 10% of move downside
2) But if bulls manage to break out of this kind of side-wise trend than it will...
KNC is forming a pennant pattern, and it is a continuation pattern so we might expect a short term bullish momentum.
It also has a good support of 50 EMA, so if it breaks the resistance of 2.604 followed by breaking out of pennant pattern, than we can long after retest.
Things that can happen after break out of pennant-
1) price might make a Higher high, (We...
RUNE/USDT has formed bearish flag pattern + It also broke support of (≈)3.274.
BTC also looks bearish now, so it might be time to short RUNE/USDT after it successfully breaks support with conformations(Bearish candlestick patterns).
BTC has broken its support and formed bearish engulfing candlestick pattern in daily chart(still the candle hasn't closed, so wait...
COTI has been facing resistance of blue trendline, so if it rises to approx. 0.1787 then there will be multiple resistances + resistance of 50 EMA.
Red rectangle is also a crucial resistance for COTI, so you can also short from around 0.1714
A shooting star candlestick pattern might form after 4H candle closing, so wait for 4Hour closing (I guess)
(Although MACD...
GMT has broken its support and even got rejected from this support and resistance upon retesting.(+ double top was also formed in 4H)
So if bulls can't break resistance (which was great support once), than it might be time to short GMT.
SHORT ENTRY -->
Entry price - 3.30 or 3.31
Stop loss - 3.56
Target price - 2.76
(Don't take trades based on this idea, even I...
So SHIB/1000SHIB gave successful breakout from falling channel pattern and also reached target price and got rejected after touching target price.
So now there are two ways it can act---->
1)If it breaks support of 0.026191 than it may fall as low as 0.024841 and if that level is broken too than it will show price of 0.023353
2)If it bounces back from 0.026191...
