AbdorhmanThi

AbdorhmanThi

Steemit looks like a very good buy at current price for a possible 40% gain in the coming days. It formed an inverted head and shoulder, we are waiting for the break of the neckline on the 1H time frame. There is also a divergence followed by a strong support zone it is on. What are your thoughts? Trade with care.

AbdorhmanThi

Komodo is reaching a strong support area soon. If KMD can hold this support zone, we can get a small bounce of 40% back up to midway of the consolidation. We can also have a second target of 80%+ as well. What are your thoughts? Trade with care. Video Analysis: youtu.be

AbdorhmanThi

Bitcoin broken the uptrend line and that is a sign for a possible bearish movement. In order for bitcoin to be back in the bullish movement, we need a break above the head of the head and shoulder on the hourly time frame. If we fail to break and close above it. We can essentially see a fall back down to the $3540 price which is right where the 61.8 Fibonacci...

AbdorhmanThi

Pivx had a good run up yesterday. However, it still have no made new high to put itself in a bullish run. It is still inside a channel at the moment. If we look closely, we can see a potential gartley formation forming in the near future within this channel. Based on my previous post of Pivx, we were close to getting a 50% winner. Sadly we did not as it was only a...

AbdorhmanThi

Siacoin is pretty cheap as of now, the cheapest we ever seen it. I like the project behind Siacoin and the way price is looking, indicates to me a strong breakout soon. We have a clear divergence forming on the bigger time frame and a bullish bat formation in this post. What are your thoughts? Trade with care.

AbdorhmanThi Updated 

Digibyte is probably on some of your radar, as it is mine. We had a break out recently, followed by a retest of the new minor support. I believe Digibyte have more room to run up, but it is best to wait for a second bounce on the new support. Which is what I will be doing. There is also a bullish bat formation forming soon as well, it can be potentially a reason...

AbdorhmanThi

Digitalnote is showing a potential move up. The risk and reward is great. We will be waiting for a retest of the lows to buy, reducing our risk as much as possible. My targets will be major resistance zone. What are your thoughts? Trade with care.

AbdorhmanThi

Someone suggested I make an analysis on Bitbay and here it is. Looking at Bitbay, it seems to be going soon and this is my current setup for it. The risk reward is great with at 1:2 as the minimum. If this trade fail, we will look to enter at a lower price. Based on the price action, it seems to become a bit positive for the upside. Let me know what you think. Thank you.

AbdorhmanThi

Litecoin is currently making lower highs and lower lows. This means Litecoin is in a bear market. We can potentially look for this coin to continue going lower to form a bullish bat formation. Once price get down to this price range, it will reach very strong support level, which should give us a bounce back to complete our target goals. What are your...

AbdorhmanThi

Lisk is providing a potential buy setup. We will only buy if this cyrpto decides to break out of the current flag it is in. Only then can we buy after a retest of the breakout. This will give us a confirmation that the breakout is not false. What are your thoughts? Trade with care.

AbdorhmanThi

Neo have been holding its current price level quite well, which is the 61.8 fibs level. This level typically shows great support and resistance. But that alone is not enough to place a trade. For a few weeks now, NEO have been consolidating regardless of all the FUD going on in China. This shows us that investors believe in NEO's future. I do not see NEO going...

AbdorhmanThi

Euros keeps on climbing compared to the dollar. But the dollar will eventually have to have a corrective phase. I believe this might be the phase, having divergence on the daily time frame, a harmonic pattern for bearish entry, and 2 doji rejecting indicating an exhaustion for higher highs. What are your thoughts? Trade with care.

AbdorhmanThi

AUDUSD is presenting an opportunity to take a short term sell with a 2618 pattern formation. Current structure is resting right at the daily high trendline, we should see some resistance before making new highs. Trade with care.

AbdorhmanThi

XRPBTC recently broke the sideways channel it is in and retest the new support. What I am waiting for now is a retest of that level again (double bottom) to enter the market, giving us a little over 1:2 risk/reward or a 4% loss to a 10% gain. What are your thoughts on this XRPBTC? Trade with care.

AbdorhmanThi

Zcoin is showing a very good sign of more upside. It formed a double bottom on the 61.8 fib level with a slight divergence. It seems have almost completed its consolidation phase and is entering an impulse stage soon. If we look on the daily time frame we will see that we have been on this price level a few times before. This support area is holding up very well....

AbdorhmanThi

GBPUSD pushed higher completing a bat formation. it seems as though the dollar is losing against every currency across the board. So this trade can be tricky. However, since GBPUSD is currently at a daily resistance, we can look to short it from here. Trade with care.

AbdorhmanThi

Eurjpy is in a consolidation phase. Euros seem to be having a lot of strength left. It doesnt seem like the climb wants to stop and if anything it seems to be slowing down for just now before continuing again. What are your thoughts? Trade with care.

AbdorhmanThi

Omisego recently made new highs. The question is, should you buy this level? I personally do not like buying at new highs, because the chance of it rolling over is high. Often time you will find new highs will be followed by a retrace back to multiple previous support area. But at these level, opportunities are presented if you can identify them. Here I see a bat...