Charts, forecasts and trading ideas from trader DruidBTC. Get unique market insights from the largest community of active traders and investors. KMD is has just made contact with the trendline hovering near the bottom support. It is bouncing up and down, winding and may break out of its triangle. Since it is near support this can be a decent easy trade at least to the top of the triangle. Btc has also likely topped at this time. If it breaks downward, please ensure a stop loss is secured. TradingView UK. KMD — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost!
Tradingview kmd btcKomodo — TradingView
Anyone that holds the majority of their cryptocurrency portfolio in Alts ought to be looking at this chart. Not even going to do any analysis, the result is already in. At this point, it could be the bottom for Alts, but it is hard to hold on to almost anything but BTC knowing that your investment performance is being slowly eaten away.
This is partly to do with Hello, traders! Bitcoin's dominance has tested the Bitcoin absorbed all the liquidity of the market during its rally. Christmas holidays are coming and traders in the stock market prefer to fix their positions. In case if big players are fixing positions on BTC, the nearest support level is at the price values of Bitcoin dominance touched On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on.
ICX broke out of accumulation zone and a while looked like a pump and dump pattern. Buyers stepped in and prevented the price from falling. There is also a multi timeframe confirmation on the move, including 1d, 4h, 1h and also smal 30 and 15 min timeframes We have been following the accumulation cycle of KMD for quite some time now. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
There is a possibility of Almost entered a breakout position at 0. Ranging here, looks primed and ready to go whenever it breaks with confidence, otherwise will be accumulating between the levels. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue. Komodo broke bullish at last, first of the falling wedge then of the parallel channel.
And it just pulled back so I believe it's time to re-enter above 50MA! Full sendddddddd Brrrrrrrrrrrrrrr. Trading options within the channel: 1. The whole Potential Wyckoff accumulation. Komodo looks like a great buy here. Massively oversold on all larger major timeframes, a bounce here may indicate a trend reversal for bigger picture and may in fact be the best possible entry if alts get a chance in general.