The current cue ball situation.

Until the buyer arrives, one should not expect growth. This we will see in high volumes and most likely large wicks (shadows) near the candles down on large TFs (4h, 1d).

And now, a further decrease is relevant, I have canceled the nearest potential reversal zones on the chart, but I will look at the situation and let you know when I turn my attention to the long. At the moment, that short from 7500, which is already in the BU, is relevant.

PS 7300 retest is possible and further decline. We have also broken a local trend line, this is not very good news.

https://www.tradingview.com/x/pWMi3rz3/

$BTC

Here is my high time frame chart that I’ve been playing.

It’s good to hunt setups early on in a range that’s when you get the highest RR.

As you can see:

One one side we have a low form, a deviate and a retest for a long.

Take it back to the other side of the range where you have a deviation above the high that formed and a retest for a short and take back.

As of now we pretty much just have noise and a lot of chop inbetween until we form or clear some fresh levels.


https://www.tradingview.com/x/SHJp9ffC/

Position: Long
Exchange: BitMex
Coin: XBT/USD
Entry at 7100 - 7140
Sell at 7230 - 7290 - 7340 - 7420
Remember to open LONG position!
Use 5X or cross leverage (5 - 7% balance)
Stop Loss : Below 7032

🎓 Spot Trade 🎓
🎓 $BEAM / BTC - View Chart

🔸Signal Info: Beam
Rank: #113
Exchange: Binance
Direction: LONG

🔸Status: Limit order set.

🔸Analysis: Beam is a hyping coin right now, and it's receiving a fair share of volume all around. 34mil USD reported by CMC for the day. Over 26mil USD of that volume is on Hotbit.

Besides all that, the coin is breaking levels. These have been crossed before. Often testing the horizontal of the lower flat wedge. Ultimately it came down to test and hold the trendline up and remains bullish.

Not much history to draw from on this Binance chart yet, so I plotted the Fib on the most recent retracement wave, even though the wedge we are trading was formed before. Price just pegged the 0.618 Fib securing a new 24 day high.

🔸Current Price: 0.0008020
Entry: 0.00007980, 0.00007720
Targets: 0.00008950, 0.0001045, Open
Exit: 0.00007380 (6%)

🎓 #SmashingWatchlist 🎓

▪️ $XEM ▪️ $ETC▪️$QTUM▪️$RLC▪️$WAVES▪️$STEEM ▪️

❄️ Ho Ho Ho, here we have our Smashing Holiday Watchlist. 👼 Let us make some cheerful Christmas profits for ourself and our families. 🎄 Happy trading this festive season! 🎅

PS: Any stops mentioned are not intended for margin positions. Preliminary entries marked out on the charts.

🎓 $XEM - View Chart

🎓 $ETC - View Chart

🎓 $QTUM - View Chart

🎓 $RLC - View Chart

🎓 $WAVES - View Chart

🎓 $STEEM - View Chart

🎓Trade Update 🎓
🎓$XEM / BTC - View Chart

🔸Signal Info: New Economic Movement
Rank: #30
Exchange: Binance
Direction: LONG

🔸Status: Buy order on XEM was filled last night. Positon active

🔸Current Price: 493sats
Entry: 485sats
Targets: 550sats, 650sats, Open
Exit: 445sats (-8%)

🎓 Trade Update 🎓
🎓 $QTUM/BTC - View Chart

🔸Signal Info: Qtum
M.C. Rank: #37
Exchange: Binance (Trade)
Direction: LONG

🔸 Status: Effective breakout entry on QTUM. The trade is in the money this morning.

🔸Current Price: 0.000247
Entry: 0.000247
Take Profit: 0.0002666, 0.0003045, 0.0004245
Stop Limit: 2339sats (-5%)

Did that smacking again. Neat $590 per BTC at 5X.

🎓 Trade Update 🎓

🎄 #SmashingWatchlist positions filled:

▪️ $XEM ▪️ $ETC▪️$QTUM▪️$WAVES▪️$STEEM ▪️

▪️$RLC ▪️ Last one left to be filled. Price needs to drop by about 15-20% to complete epic weekly cup with handle formation.

Noble bear on okex offered 4k coins at 7300 (march futs), wall down to 2k now