Anpu

Anpu

Now it seems the support reversed the local trend , which allowed the indicators to get into an overbought zone . Historically This strong horizontal support level (+ high volume node ) used to reverse local trends and even served as a main support before the Rally to 19.800 . In previous Uptrend it also served as a main support before Rally...

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In this idea we will see how the tricking crossover between 19 MA and 100 MA can help us to see the Market changes its behavior, with subsequent trend reversal ( to the Upward in our case ). Firstly I should remind that current trend is a Downtrend , which has been confirmed by a bearish crossover between 20 and 121 MAs on a daily chart or by ...

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Firstly I would like to remind that current trend is a Downtrend . This trend was mainly defined by the bearish crossover between 20 and 121 MA . There were also confirmations from indicators such as RSI and MFI . Plus my last idea where the Heikin-Ashi Chart was used to confirm the downtrend. Please read my previous ideas for more details. On those...

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This idea should be considered as an extra to my previous one. Firstly I should warn you that the Chart type we use is not a simple Candlestick Chart . Heikin-Ashi or " average bar " in English uses candles for charting as a usual candlestick chart, but to build them it takes different calculations . Heikin-Ashi uses the average between...

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Despite the look of the Chart, there is nothing complicated in this idea. We will go through everything in order. Firstly I would explain why I used the headline " Downtrend confirmed ". As I wrote in my previous idea the bearish signals overwhelm . The resumption of Uptrend stayed relevant until the recent price decline, that broke the strong support level ...

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In this idea we will talk about resistances , because they play a big role in the price's actions. Plus we will talk about current situation. I would start with current situation and what had changed since the last downward move : To be honest the downward movement did not clear out the whole situation. The price lost its pivot point support and crossed ...

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In the previous idea I wrote that price was between two extremes , still is. In this idea I am going to show you some more interesting signs from other indicators , but remember to take any actions until the price go through one of the extremes might be dangerous . //You should consider this idea as an extra to my two previous ones. Let's start with ...

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The fate of the price direction is depended on levels, the one is located between. To be more specific the price now is between two extremes , If the one break through any of them, it might continue to fall/rise in the direction the extreme has been broken. In this idea we will consider these extremes. These extremes are represented by several ...

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Obviously, conditions in market changed. After the price got in $7.800-7.000 zone of interest , we saw how buyers took up control. It's too early to talk about trend reversal, because the price have to break through some very strong resistances , but we need to be ready for this option. And in this idea I will give you necessary tools , to catch this reversal...

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In this idea we will consider the bearish signal from RSI and how the bear trap occurred. I strongly recommend you to read my previous idea where I explained why candlesticks with most buying/selling pressure form and why they create points and zones of interests , also strong resistances and support levels , plus psychological barriers ....

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In this idea we will figure out why this exact Trading Range has been formed. Candlesticks will help us with this. Candlesticks , as you know, can reflect the market psycology and points of interests , where people have the most willingness to buy or sell the asset. Despite we can find the points of interests and see the psycology, it is very difficult...

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Some of the conceptions in this analysis on a Weekly Chart are quite similar to the conceptions from my previous analyzes on a Daily Chart , which makes this analysis more interesting. // For Better understanding I recommend you to read previous ideas. I would start with 19 MA which defines Mid Term trends and which works nearly in the same way as 121...

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All we need in this period of a market is being patient. " This period " means that we are in a ranging market . The price chart formed a Trading range and price is not making any significant moves, except playing on local levels. In other words it is not a good environment for initiating trades. So the breakout from this range would be something we can...

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I think one more confirmation is never excessive. This analysis won't take us a long time, because it is an extra to my previous one , but with a new interesting finding. Introduction : I strongly recommend you to read my previous idea before you read this, because some tools migrated from it, and I don't waste your time by repeating why I used them and why...

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Messy Chart and there are a lot of details needed to be explained! Let's start. Important notice : To avoid misunderstanding between us, try not to be confused when I am talking about MACD line and about MACD as an indicator. For better understanding I will explain why I applied these concrete tools and for what purposes I changed standart parameters in ...

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Seems like a Bearish Flag pattern on the horizon. Let's consider the situation. There are several signs on the Chart telling us that we are going to drop, but market can keep a special surprise for you, and you have to keep that in mind. Start with first signal which is a Bearish Flag pattern, this signal can work because now is a perfect environment for...

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Mid Term downtrend is a possible option now? Let't figure out. Previously we had a period in 6 months of an Uptrend , probably still have it. For confirmation of a continuation of this trend we need to see a retracement from the Level we have right now, or drop lower ( to levels $6500 , $5500 which are previous resistances ) and retrace from there and...

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This idea should be considered as an extra to my previous one. On the Chart we can see one more thing that can be useful and help us to catch the direction of next movement on time. ( I would like to add that this sigh can react effectively only if we will go down, for Upbreak it will be more reliable to wait for the breakout confirmed, and watch for other...