After recent price action and lower high print on smaller TF I am expecting another leg up which triggers stoplosses above trendline. It can easily move us in 16800 area. There is the first point where I am looking for short entry but if the volume is high and it will not be fakeout I would be look for another short entry in area 17.2 - 17.8. There I am looking...
Simple as that target 15 999. Adding extra capital to my current short which I opened in related idea. Entry point: 16500 TP: 15999 SL: 16821
I will try to hunt long liquidations in 15 950 - 16 050. This is were bulls who longed 16 050 - 16 250 have stop losses and liquidations. Waiting for confirmation move and going below 16 430. We know were bulls opened long position because of volume profile and simple arithemtics. Traders who opened longs during first upward movement at 16 150 with leverage x50...
As seen on the chart BTC made lower high and lower low on 4h time frame. It simply means that corrective move from 33k is over. Congratulations to bulls for pushinf price from 33k - 45k. But yesterday price action suggests now bears are in control. I am expecting bounce here to around 42k and further selling down to 36k. This is short term analysis. If we take...
Bearish divergence on multiple time frames. I am not a big divergence fan but fractal patterns and similar structures on multiple timeframes look quite convincing. During 2018 it was just the same. Volume profile says we go to 12k. Believe it or not I just interpret given indicators.
Everything described on picture Short: 49k TP1: 38K - horizontal support TP2: 22K - 20 weekly SMA (NEVER BROKEN!)
Haven't published anything by last few months. I sold most of my coins in the summer and concentrated on other things. But let's look at the chart according to me we just broke up previous market structure and it looks very trappy so I don't recommend shorting this place. All the indicators say the market is oversold and tired of falling and this is a reason why I...
Yesterday I was right about bear trap but unfortunately I got rekt badly at last night. It shows that I am much better analytic than trader. I set my trigger to open long @6680 on bimtex and because of the maintenace It opened around 7000 (6980 exactly). When I woke up in the morning I was very surprised of what happened. I have rather small leverage so I won;t be...
In previous ideas I tried to prove on incoming strong downward movement but yesterday's night and today's price action forced me to revise my views and try to find out what is going on with BTC right now. 12/26EMA bearish cross was strong SELL signal. The cross has happened yesterday and the price went down from 6450 to around 6250. Stronger downward movement...
Basing on fractal of previous price moevement I made a fractal which I think we are going to follow. Price will close above daily 12 EMA and then got rejected by 26 EMA. Rejection of 26 daily EMA and breaking down 12 daily EMA would be very bearish signal. My idea about Stoch/Rsi is still active and according to it we still haven't bottomed yet. That's why I don't...
Just comparing current trend with previous scheme. Working with fractals is rather fun than real trend predictions so I wouldnt take it too serious. If anyone has similar idea please share it :-)
Reasons why we can bounce here. 1. Horizontal resistance which reacted with stronger buying volume. 2. Daily stochastic RSI is dead. Last time it was so dead it was in 2016 and strong upward movement begun. 3. The angle of falling is too high. I made an analysis of angles of trends here 4. BTCUSD Shorts chart shows outstanding growth. 60% within a week. Bear...
Just playing with angles and potential trend lines. Nothing serious. I don't trade it and I made it only for fun/research purposes. It would be fun if it plays out ;-) Potential bottom according to this scheme is 5200-5350 on 2018-08-25 to 2018-09-04 and bounce back to 7400.
Hello everyone! Maybe some of you who watch Stochastic RSI indicator noticed the same thing. Stoch RSI is the first indicator which I started using and I have a lot of sentiment to it. I believe it can quite accurate show market condition on higher time frames. Unfortunately for all crypto-enthusiasts Stoch RSI shows strong bearish signal may happen soon....
We had very nice week for BTC supporters. BTC made nice gains and holds the price very nice. As well as most traders I expect one more leg up and I believe we follow pattern we followed in April-June. It means we make another move up likely double top and then stronger pullback and we make lower low again or higher low and then I can definetly say the bear market...
I haven't updated long time. Unfortunately because of a lot of other activities and somehow because of my laziness. It would be good if I make 3 updates a week especially that I think a lot of interesting things are to come in cryptomarkets. So I expect that after strong rally we need to pullback. Bulls lost steam and can't make another higher high and we can...
For this moment I closed my short and wait for another short opportunity. BTC made minor bullish divs and make some fractal. I expect another rising wedge where I short upward channel. The target around pink link is still active.
I believe in this project but the market is bearish so all (even the best) projects prices drop. Zilliqa has very nice and clear buy zones for me. 1. The green trendline 2. Bearish blue channel 3. Yellow 0.382 fib retracement All this indicators meet in one place. 1100 - 1250 SAT This is place where a lot pressure will be made and great place to start bull...