BTC Dominance breached over resistance and this normally/and most likely means that a Dump on Alts could be in play. Will share Alts charts in the next posts. One Love, The FXPROFESSOR
EOS is now at a strong support line from which i expect a rebound to the following price targets: EOS/USDT Entry Range: $1.09 - 1.20 Take Profit 1: $1.55 Take Profit 2: $1.90 Take Profit 3: $2.55 Stop Loss: $0.95
Hello traders, I prepared an analysis of AUDUSD and created important levels on H1 TF where I would like to look for a buying opportunity, yesterday I opened a marked short position and my TPs are just in the marked buy zones and I already have SL secured on BE. So the best way to take such a trade (BUY) is to set an alert and wait for the phone to ring and then...
Currently forming a bullish divergence, double bottom. Recent Point of control zone is around our bottom, most volume traded is around that area, I believe that the whales are buying in now, we could see some reversal to the upside soon on bitcoin, I won't trade the first resistance because it will look risky, but I will short the one above it because if we close,...
Ok Traders. I am not all the way bullish yet. But this is looking good. For the first time since November we have now broken to the top side of our long-standing resistance zone and out of this year-long bullish descending wedge. Before we get too excited, remember, confirmation candles are necessary here on the daily. We need another candle to open and close...
Friday the S&P hit a new 52 week low, being oversold right now. I expect a bounce in the stock market next week, which will determine a bear market rally in the crypto space too! Ravencoin RVN is one of the cryptocurrencies that have a lot of potential for a bull run. RVN/USDT Entry Range: $0.032 - 0.037 Price Target 1: $0.045 Price Target 2: $0.057 Price...
Bitcoin Daily, Triple bottom pattern. How does it work? The triple bottom pattern consists of three acute lows at around the same price levels. The pattern typically takes almost 4 months to develop. It is one of the longer patterns to develop. The triple bottom is a reversal pattern. This means it is important to the quality of the structure that it starts with...
Hello there, As you can see bitcoin is currently forming some new information. We have got several bullish patterns, but my confirmation is once we break above the descending tirnagle.
1D BTCUSDT, Bigger picture: Bitcoin has formed a descending triangle, inside of it we could also notice that we have got an inverse head and shoulders pattern. On the small timeframe we could notice that on the last 8 days we have formed an Eliott wave corrective pattern, expecting our (A) corrective phase to end here at the demand zone of (Point of control) for...
GBPAUD short has alerted. Trend trade identified and entered. Working M30 timeframe on this strategy. Trade details can be found on the chart in printed label. Working to TP targets on the printed label. Trade box is tracking the trade. Looking for a quick scalp here on this pair. Want to know how I identified this trade you know what to do. Thanks for...
BCH recently broke above a descending triangle and currently forming a bullish flag on the lower timeframe, make sure to trim profits in the middle of the road.
low is unfilled on XTZ, we broke below bearish flag and havent reached the first target yet.
Cancelling EGLDUSDT long, this is what I call beartrap, they are forming a falling wedge on the 4hours timeframe and trying to make us forget that we recently have broke below a bullish flag, many people will try to long here meanwhile they are taking us to the double TOP on the retest of the breakout. We warned you first! ;)
If market closes above 1.86913 on the 1h and 4h, i will be looking to enter for a long position to 1.92633 (TP) It will also coincidentally create a inverted H&S on the 4h and Daily TF.
September has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. IOST has a negative overall sentiment...
The price of Dogecoin (DOGE) has continued to remain strong against Tether (USDT) despite growing bearish market sentiment as other crypto assets continue to decline in price. The price of the popular cryptocurrency traded from about 1 cent on Jan. 1 to almost 75 cents on May 8 when Tesla Inc Elon Musk hosted "Saturday Night Live." Currently at these prices,...
BTC is starting to break out of this massive daily bear flag. I'm looking for accumulation around the trendline and we should see a nice downside movement.