BerlinTrader591

BerlinTrader591

This is just a great example of a flag pattern on the 15 minute chart. If you're day trading, then these patterns are essential to making gains. We had a breakout in BCH Bitcoin Cash and then it pauses to take a breath and consolidate in a pattern that we call a flag or penant pattern. We can expect a breakout in the direction of the trend, in this case up, and...

BerlinTrader591 Updated 

I love this chart of Monero right now against Bitcoin, XMRBTC Bitcoin/Dollar is incredibly strong, but Monero is showing strength against Bitcoin, when most coins are weak against BTC right now. Currently it has bounced off support and is trending upwards in a nice channel. If you check out XMRs daily chart, then you see that it recently broke out over all time...

BerlinTrader591 Updated 

Bitcoin Cash seems more and more ready to breakout to the upside, and as I have been pounding the table for the last few days, it's going to be a big one. This consolidation range has been going on for almost two weeks, a massive descending triangle wedge pattern. We've tried to breakout several times, but each breakout was met with downward resistance (red...

BerlinTrader591

BTC continues it's pressure to breakout of this consolidation level on the 60 minute chart. If we breakout of this wedge over 4650, then there's a vacuum waiting to suck us quickly up to 4800, then 5000. Don't see any indications that this trend is weakening. IT is INTERESTING that the altcoins are generally quiet right now. They are all consolidating or...

BerlinTrader591

On Ripple Coin's 60 minute chart, we see a nice inverse head and shoulder reversal pattern. If we get a breakout above the neckline resistance at .235 then, we should see a nice run. Entry: Breakout over .235, neckline of head and shoulder pattern Target: .274, 200% retracement of depth of the head (measured move = same depth as head) Stop: Below .235 (former...

BerlinTrader591

This is one of my favorite patterns with Cryptos that seems to happen a lot. I call it the SHAKEOUT BREAKOUT. 1. After a big move up, there is a consolidation range. In this Bitcoin Cash we can see a long descending triangle wedge pattern that formed. 2. Price seemed to breakdown under that 580 level, but it has now broken back up into that consolidation range....

BerlinTrader591

Great day today! Bitcoin has broken 4500 with good volume, which means it is a strong move. We are breaking out of this consolidation pattern that we've been in since August 14. Entry: Above 4500 Target: 5000 *very nice target, it is a round number that people will pay attention to, AND it is both the 261.8 retracement of June/July AND August consolidation...

BerlinTrader591

Great breakout here on GDXJ as investors fly to security with geopolitical instability. We have a breakout of several different levels, making this a potentially very powerful break. SIGNALS: 1. Breaking out of consolidation pattern since beginning of May 2. Breaking downtrend line from 2016 highs 3. Breaking over 200 day moving average Entry: above 34 Target:...

BerlinTrader591 Updated 

AS noted in my previous post, this MONSTER consolidation pattern, aka descending triangle, has been ranging for 10 days now, since that insane run from 300 to 800 in 3 days. This monster looks primed to break out again. And this is an easy one if it gets going with some good volume. Breakout: Around 630/650, breaking out of downtrend line of consolidation...

BerlinTrader591

Ethereum has been a powerhouse over the last days and weeks. It is following our predictions perfectly. I've been in this since 225, my target is around the old highs of 400. I like to look at smaller time frames to time my entries and exits and to get a more in depth picture of price behavior. MY PROJECTION: We should continue in this ascending wedge pattern...

BerlinTrader591 Updated 

A lot of coins look like they are ready for a Sunday breakout. Ethereum has been testing this 340 level since August 21st. Now that we have reached that level again for the 3rd time, it looks like it really wants to break. If we can get some volume, then a breakout heading towards my ultimate target (since weeks, see my posts) of 400 is IN REACH! Entry:...

BerlinTrader591 Updated 

Litecoin is breaking out of it's bull flag. A nice pattern that formed after the run from 52 to 55. That run from 52 to 55 was the result of a long consolidation from 24 August. There is a lot of buying pressure behind this move so I fully expect it to reach my target of 59-60 . Entry: above 55 Target: 60 (100% measured move from breakout at 52-56 = 4...

BerlinTrader591

Amazing chart here on the BCHUSD Bitcoin Cash 60 minute IF this thing breaks, it's going to BREAK BIG. After that incredible run on 17, 18, 19 August, we've consolidated in this descending triangle pattern. It's a bullish continuation pattern that should resolve itself in the direction of the trend: UP But right now, it really could break either way. We don't...

BerlinTrader591

Monero breaking 100, heading back up to highs at 130 100 has been tested several times for a week. Looking for pullbacks for entries. Simple play here. Love clean patterns. ---- !! PM me with any questions about my analysis !! MY TRADING METHOD: I keep my analysis simple. Good analysis always is. I use Price Patterns, Moving Averages, and RSI for my...

BerlinTrader591

Wow, what a beautiful day. I officially have 100 followers on tradingview. Thank you everyone who follows and PMs me with questions. I'm really happy to share my experience and passion for trading to help other people MAKE MONEY and use more cryptos, which only helps other people get into this market, and make crypto currencies the future!! ON THE SAME DAY, we...

BerlinTrader591

On the Daily chart we see a beautiful pattern. The 113 level on FXE (EURO) has been resistance since 2015. We've tested that area 5 times. Finally in July, we broke though, came back and retested, and now we are bouncing off of that level. A beautiful pattern here. The base since 2015 has been forming for 2 years, so this looks like an amazing opportunity to...

BerlinTrader591

The MAs (moving averages) give us a nice signal for entry. When price moves up, it almost always stops and takes a break to digest. That is called consolidation. Buyers are taking profits and sellers are coming in, but not enough to make the price shoot up. The price hovers around the same price until the moving averages catch up. Moving averages, by nature,...

BerlinTrader591

Bitcoin looks strong. Holding that downtrend line support from August 17th highs This only adds to my Bullish thesis from my previous post regarding the daily chart Entry: 4330, present price, above downtrend line Target: 5000, round number, and 161.8 Fib retracement from August Highs to August Lows Stop: Below downtrend line and into Ichimoku Cloud at...