Hello all, Couple of weeks ago the bitcoin has cracked below the very strong long term support. Also, right now the price is at the very strong long term structural support and possibly the (blue) support line of the rising wedge pattern. Thus there are good chances to trade bitcoin in a long setup up to 72,000 USD. This price is on the crossroads of the...
Hello all, After a major breakout of the big rising wedge on 1D and 1W timeframes the oil price has been doing a correction. Now the price is reaching the previous structural ATH, which will possibly become a quite strong resistance. On the other hand, we can draw a bear flag pattern on 4H chart, which is a bearish AAD pattern to the long term rising wedge. Thus...
Hello all, For the past few weeks indices were fluctuating crazily due to Fed, ECB, Bank of England and all other market expectations. Now the SP500 index is reaching the structural ATH while forming a clear and nice double bottom pattern. There is a good chance to enter this bullish rally on the retest of the above mentioned structural level. Good luck! If you...
Hello all, For the past few weeks indices were fluctuating crazily due to Fed, ECB, Bank of England and all other market expectations. Now the Nasdaq index is reaching the structural ATH while forming a clear and nice double bottom pattern. There is a good chance to enter this Santa Claus rally of 2021. Good luck! If you like this idea, please, like and...
Hello all, Just couple of hours ago the price has swirled down breaking the neckline of the H&S pattern on the 4H time frame. Personally, I foresee a good short trade with high odds. Sell limit is on the retest of the neckline SL is above the neckline TP1 is around the 42,000 level TP2 is around the 41,000 structural support Good luck! Please, like...
Hello all, The crypto market is being quite bearish recent days. As for the ETHUSD pair the situation is as follows: The Ethereum has come to the long term support line and forming a bearish pattern. On a daily and weekly charts there is an obvious double top pattern Bearish candles are way bigger than bullish ones. We need to wait for a confirmed...
Hello all, As I was predicting 2 weeks ago the BTCUSD pair has started crashing out of the long term rising wedge pattern around 10 days ago. Here is the link: So, what do we have now is the confirmed breakout of this long term bearish pattern and possibly the switch of the trend (LLs and LHs). What are we possibly observing now is a bear flag like pattern,...
Hello all, This November was miraculous for us crypto traders. The price has set the new ATH of 69k USD. However, is everything so clear and beautiful as it seems to be? There are several signs indicating that "crypto winter" is on the way. Let's list them as follows: 1. On weekly and monthly charts the price is forming a very obvious regular bearish...
Hello all, Right now the price is breaking out of the long term rising wedge and most importantly out of the structural level (75-80 USD). First of all, we need to wait until the 1D bearish candle closes below that stuctu- ral level. After that the retracement is very likely, which will give a chance for a successful entry. The entry should be at the structural...
Hello all, The past few weeks the price has been consolidating in the falling wedge pattern after breaking out of the triangle pattern. Also it has reached the midterm structural level. Thus there are really good odds for a successful long position. If we calculate the TP proportionally to the previous ATH from the triangle pattern, the price could reach...
Hello all, DOGEUSD has reached the long term bullish trendline and the structural support at the same time. If we look at the previous bullish breakout then we can see that the price has exploded from a falling triangle like pattern. Now the price is forming almost the same pattern. Thus there are good odds for a successful long term long position. Good...
Hello all, DOTUSD has recently broken out of the midterm rising wedge pattern. Now it seems like it is going to form an AAD pattern on 1H-4H time frame. Possible points for successful entry, scale-in, SL and TP are pointed on the graph. Good luck! Disclaimer: Any risk related to trading this cryptocurrency is solely on you. Please, think thoroughly before making...
Hello all, Recently BTCUSD has set a new ATH and now it is trading in a correction. It has already broken out of the rising wedge like pattern and the short term structural support. If we take a look at the previous structural ATH (Apr 2021) then we could forecast the possible endpoint of the correction. Anyways there are 2 possible scenarios which are...
Hello all, For the last 2 weeks DOGEUSD has been consolidating in a bullish pattern (descending triangle). 2 days ago the bullish breakout occurred after the bullish rally of BTC against USD. Now the price is consolidating in a bullish AAD pattern (which is a descending triangle again). There are good chances to catch the bullish wave. The TP is at the nearest...
Hello all, Couple of days ago BTCUSD has been consolidating in a falling wedge pattern. On the other hand it was reaching the 4H structural support zone. There were good odds for a successful long position. The entry was placed on the upper limit of the structural support. SL was below this zone, and TP was placed below the structural resistance zone. As a...
Hello all, For the past 5 months this major has been falling in a falling wedge pattern. Now the price is fluctuating at the structural support zone. One can say that this is obvious bullish reversal, however if we look at the 1D time frame then the double top pattern is quite clear and the price has already fallen below the neckline. Thus there are high chances...
Hello all, GBPNZD has been falling for a quite long time in a bull flag pattern on 1D time frame. Now it has reached the support line for the 3rd time and also it is close to the structural support zone. Plus the double bottom pattern is forming on 4H time frame. Thus it is possible to enter the bullish reversal at the lowest possible point. However, it is quite...
Hello all, GBPJPY has been bullish since the beginning of 2020. Recently the price has broken out of the bullish AAD pattern. Currently the price is consolidating in a bull flag in 4H time frame. Also, it is highly likely that the rise will begin from the 38.2% level of the Fibonacci retracement. Thus there are good odds for entering the bullish continuation....