Hi Traders, My thoughts here have 2 possibilities which is in a sense a bull flag formation. a) A decisive break through the 0.618 fib level along with the resistance trend line OR b) A rejection for the 2nd attempt and a deeper pullback to consolidate for the breakout to the upside. For further information, refer to my video stream done...
Following the major bullish move we saw in April, price has been correcting aggressively. We could be in a parallel channel which looks like a bigger bullflag indicating that the buyers are not done yet! On the lower timeframe, watch for buying pressure and a breakout of the descending trendline to confirm bulls have re-entered the market.
Hello traders, You see here a 30 minute chart of ETC Ethereum Classic. This is update from my previous analysis on ETC. I see ETC moving back up towards our first target 1 of the previous analysis at 169. After that the all time high will come back into view at 180 USD. Please note the inverted head and shoulder formation on this short timeframe! Volume is...
- Strong momentum to the upside - Entry earlier today off the 382 predicts 618 extension - New targets at 65k+
Check Out doge strong trend line. enter at top breakout line to new all time high. just be carefull of big dumping.
The current market is bullish and not bullish at the same time. Not sure what gonna happen first, 45k or 68k. If BTC will break above 60k and it will hold that level it will be 80% chance that the market will shot to the upside, otherwise we will see a deeper correction. My last 2 traders ( shorts) end up with some loss, and I am looking to open a trade buy the...
Hello everyone, Today is a quick post. As you all know I have been calling for a downside to at least the $45,000 level for some time now. As each day goes on we are seeing more and more signs of bearish behavior both on short term and long term charts. The weekly MACD wants to transition from waning buying momentum to increasing selling momentum. Here are the...
D1 : Ongoing bearish price action; failure, yesterday, to recover and hold above the current downtrend line resistance (57000-57500) triggered a new wave of selling pressure which pushed down the BTC towards a low so far of 51503. After this decline it is natural to see some recovery which is expected once again, in this current condition, to be relatively...
D1 : For the second consecutive session, D1 closing has been below the Mid Bollinger Band. Indeed, yesterday's price action, despite a new upside of MBB attempt, finally triggered a "doji" pattern = uncertainty and indecision. Watch ongoing price action and keep an eye on the 50% Fibonacci retracement @ 52401 as the next important...
H1 : In a broadening wedge formation, close to clouds support zone which is currently very thin = fragility !!! A failure to hold above the clouds would put the focus on the former low area around 54000/53000 area first M15 : Currently trying to reenter in the former short term downtrend channel, without success for the time being. Watch former double bottom @...
H4 : Once again the clouds worked perfectly well in rejecting a downside breakout attempt. Price action post FED announcement triggered a long white bullish candle which help to get out of the clouds zone. BTC went even higher towards the middle level of the current ongoing uptrend channel in reaching an intraday high of 59559,...
H4 : Clouds support zone in this time frame should be seen as the KEY SUPPORT ZONE. Indeed, this area coincides with both 38.2% Fib ret @ 54614 and 50 % Fib ret @ 52401; the bottom of the clouds being currently around 52300 In addition, the bottom of the uptrend channel is also under attack and a failure to stay inside of this channel...
D1 : Yesterday's long bullish white candle triggered a closing level above the Mid Bollinger Band which should be seen as a first positive signal for an upside continuation price action. Nevertheless, I would suggest to remain extremely cautious following this "shy" upside breakout of both, MBB and channel downtrend line resistance. ...
The Law of Alternation, or the 'Lightning nevers strikes in the same place twice' principal is what Bitcoin uses to keep its traders guessing He doesn't to make this easy on you, so when it seems too easy, you're missing something Always keep an eye out for the obscure, that is how you keep ahead at this game
We may be getting a little overheated with too many people FOMOing in on news. Possible rising wedge on daily to watch. Daily sell zone target hit. Strong sell signals on TRDR trdr.io With that said, we broke out from a bull flag and the target has not yet been hit.
Falling wedge broke out, pullback retest and go, followed by bullflag breakout and now retest
it is still a little early to call, but based on the 4 hour chat, it looks like BTC.D is printing a Head and Shoulder pattern. It will be confirmed when the support is broken. Declining bitcoin dominance with stable and/or increasing bitcoin price will lead to another altcoin pump.
If NEAR cannot return to this eclipsed shaded area above, I believe we will see it dropping more to around $1.08 , but it could pivot and return to go up at any of these FIBS. with my experience I would bet on it getting all the way down to 1.08. DYOR * ohhh btw when one or several of my ideas make you rich AF please feel free to inbox me for my btc wallet...