Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We see BCH here with a strong bearish trend currently. It is reaching a point of support, but it doesn't look like it is really going to hold. I expect the price to bounce a little bit, confirm the triangle, and break through the bottom support line. The intuition behind...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. The price just hit this support zone, and got a beautiful confirmation of the area. It looks like the support zone is maintained, and the price will no continue with a bullish momentum. The nearest resistance is just above the current price, and makes for a nice...
Let's look into more detail for this bearish scenario for EURCHF. We can see a rising wedge here, together with a horizontal zone of resistance. So far EURCHF has behaved very nicely within the rising wedge, with a clean oscillic bullish pattern. However, this behaviour is about to break as the price is closing in towards the zone of horizontal resistance. In...
Vet has struggled massively over the last few weeks. The general cash pull-out based on COVID-19 caused the price to drop to unseen lows. After the overall markets and BTC have recovered temporarily, I foresee a bullish scenario here on the 60m for VET based on technicals. There have been two import horizontal areas here, for which both have S/R flips. The...
We need to be really careful here on ATOM/BTC. A very clear descending triangle is forming here, giving us very bearish signals. The intuition behind a descending triangle is that there is a support zone at the bottom, with multiple attempts to break the support. After every bounce, the bulls slightly decrease their power. At some point the bears break through...
USOIL is in a temporary sideways channel here. Overall there is a bearish momentum on oil, and I expect on the higher timeframes this momentum to stay as we've not seen the peak yet on the issues due to Corona. The question though is, how do we profit from that? Here you see a sideways channel, where the price is moving between bounds of support and resistance....
What a textbook Support / Resistance flip here on the 1.078 levels for EURUSD. An S/R flip is a “support / resistance flip.” That is, when support becomes resistance or resistance becomes support (when support and resistance flip). I am bearish on EUR USD right now, but would like to bring this idea back to the community of Tradingview. How would you determine a...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy NEO and...
ENJ USDT Here is stuck between a few horizontal areas of support and resistance. Check out the chart to understand what the most important areas are right now, and which lines you should add to yours. The volality is high on ENJ for the 15m and to see this 15% opportunity between clean areas of support and resistance could be a fantastic opportunity. On both...
The price here will find support at three different levels. From the bottom up, we see first the support zone level 2 going far back. Then we have support zone level 1 a little bit more nearby, with a confirmation very recently. However, when we look at the descending triangle we can see a negative momentum where the support is weakening. Also ICX seems to be in...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the RSI here making a higher low, while the price is making a lower low. This is an indication of reduced momentum, showing that bears are struggling to push the price down. This unsustainable push will lead to an increase in price by creating more momentum for...
BTCUSDT Here with a perfect symmetrical triangle, which can go either way. We see both a support trendline and a resistance trendline, and the price is closing in on the final decision moment. Will the price go up, or will the price go down? Be warned, because sometimes these critical decision areas lead to high volatility. The last option is that a decision is...
Ah, the joyful memories of the good ol' pump and dump days. Though the market is very different this time, crypto has matured a little bit, and the liquidity is way higher to make organized pump and dumps more difficult, there are still similar signs that you should remember. First of all: DO NOT PARTICIPATE IN ANY PUMP AND DUMP SCHEME. YOU CANNOT WIN, YOU CAN...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy BCPT and...
Hey all, the Trading Guru is back with another entry on the new series called 'Quick Updates'. We can see this beautiful 0.382 fib retracement on AUDNZD (see the left side). The price already bounced off once very cleanly on the .382 level. Since the overall trend has a clear reversal on a higher timeframe (see the right side), it is expected that the price...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We see here that BQXBTC has just reached it's support zone. This could be a great indication of a trend reversal, bouncing back towards the area of previous resistance. BTCUSDT has been massively on the move recently, pulling all alts dry. Once the upwards trend of BTC...
The Trading Guru is back again with another updated on AUDCAD. We can see some clear support and resistance levels here, that I showed in previous analyses. But also, we create a few new ones. A relatively strong resistance is just hit and on the lower timeframes we can already see a small rejection forming. My expectation is that the price will drop again. I...
This 200 pip opportunity is staring us in the face. After a clean bounce on the support zone we get to expect a small retracement on the 4h to the level of resistance. We can observe a strong rejection in form of a hammer on the support zone, which creates a very bullish bias. This opportunity has a great Risk-Reward and should be added to your list of ideas for...