Jimmy_Rebello

Jimmy_Rebello

Recent low of 319.35 and high of 669.50 price consolidate in descending triangle pattern, and breakdown with the help of fib retracement 448.20 and 394.95 can be reversal points based of price action indicating bullish moment can be traded for the target of 500 and 540

Jimmy_Rebello Updated 

follow for intraday trades comment your views if youve query or different approach for trading btcusd the explanation is drawn on charts and tried to keep it simple entry and exit will be based on personal techniques

Jimmy_Rebello

After the break up and good up move of 7-10 percent it has started consolidating again between 2.233 to 2.375 look for long don't short as it is creating structures and they might act as support and make the short trade choppy if incase 2.375 range is broken out and sustained nicely then next zone of trading will be 2.400 to 2.600-2.650 just another...

Jimmy_Rebello

After nice breakout, the price managed to breakout through the median of the pitchfork which is the golden line the green lines are following pitchfork acting as support and resistance on higher time frame the greenish zone is the 4h halting zone is the price breaks the golden line it is consolidating and forming triangle pattern not gonna go short the trend is...

Jimmy_Rebello

ada has been consolidating since 3 days within and triangle pattern, the colored lines are pitchfork tool lines used on daily time frame to monitor the range or trading and identifying tradeable zones the dotted whites are used for marking small trendlines and patterns so that we trade based on breakout and retest of market structure and patterns waiting...

Jimmy_Rebello

with long triangle formation ltc has broken out lets wait for retest at 204-205 buying levels with sl of 197.50 and target of 212-213 ltc has lately giving big spikes moves so maintain proper and sl and target is must to avoid slippages

Jimmy_Rebello

ada was consolidating within 1.900 to 2.060 range. with good vol and bullish engulfing candle breakout is likely to sustain initiate buy above 2.090 sl 2.020, target 2.200, if the overall market is in momentum then ada can also touch its recent high of 2.300 happy trading

Jimmy_Rebello

as we had the discuss that lite coin was consolidating and forming the inverted head and shoulder, though it was not perfect but had good breakout candle there is a possibility of price coming back to neck line as a retest and we can enter or add more quantity as per risk

Jimmy_Rebello Updated 

My BTC construction 1. schiff pitchfork {1st price bar - 29222.23} {2nd- 52864.23} {3rd- 43314.23} 2. channel overlap - the mid zone was drawn from 7 sept data and then cloned both up and down on exact top and bottom from mid zone 3. Basic price action and pattern on 15 mins to trade entry

Jimmy_Rebello

PREVIOUSLY - after resisting from 3164, it took support at 2799+ which indicates the bulls and buy on dips is sill active it breakout from the trend line and crossed previous lower high and retested will be looking for entry after second bullish sign on 2950 precisely, it may go first up and come back towards the level if it continue to upwards then...

Jimmy_Rebello

the down side move we estimated was fair enough but the price fails to break below 2.020 the price is consolidating within a pattern of triangle but the rsi showing rise in momentum lets wait until it gives breakout above 2.150 level the breakout could result in 150points upside to 2.300 downside i am no longer interested in shorting because 2.000 is...

Jimmy_Rebello

cryptos majors still lagging going down despite of the china bans news got factored in bnb after resisting from 360 it lagged/consolidate around 340 area and broke it down rushing towards next support of 319-320

Jimmy_Rebello

solano broke its intermediate trendline, if we draw fib retracement from recent high and low we can see it retraced from 0.5 levels two times it was like a double top formation as well currently it is consolidating in a short channel, it can be the inverted pole and flag pattern the prices seems to be mean reverting towards the 50ma on daily chart it is also a...

Jimmy_Rebello

after yesterday's correction or bear claw of 7-10 percent fall, ETH managed to sustain over 2750-3000 price range RSI divergence on first shoulder and head point Neckline of 3100 if it broken out we can target it for 3200-3400

Jimmy_Rebello

was expecting as per analysis to price go sideways but it broke the trend line and drop down to 65 we still hanging on to trade with 60 tsl major cryptos correcting reflecting their peer coins too 58-60 can be next support

Jimmy_Rebello

this setup will work only when the LOW is not taken out or breakdown after breaking the 2nd swing wait for bullish retest for entry

Jimmy_Rebello

After recent attack on avax coin the price broke down the trendline and consolidated came back to the price of reversal, but showing good buying happening again. with the help of fib extensions and pitchfork i've drawn some conclusion from recent high and lows price can go up to 70-75+ levels comment your fav coin and lets discuss about it on the charts happy trading

Jimmy_Rebello

On daily chart it had breakout from triangle pattern and then started consolidating in a zone on hourly it is on support side on consolidation range and created a triangle with a breakout om 15-30 mins there is one more side ways consolidation rectangle, after the breakout and retest we can initiate the trade with good RR of 1:3.5 and 11 percent move...