We have been following this BITCOIN log chart since Dec '18 and it never disappointed us. BTC has been in a mega bull channel since Mid 2013, and looking at it with past halvings marked makes even more sense. Cut to the chase, 10EMA on weekly is intact, next halving isn't far away relatively, and lower slope has further validated itself since Feb '19 spike....
BNB/USDT is finally reaching our desired accumulation zone, offering an exceptionally good risk to reward ratio at this point. Key takeaways: - Up-trending slope (1) has been working flawlessly since Mar '19, and we certainly expect some bounce from it at this point. - Some of our followers may be doubtful about this trade looking at the Negative crossover...
LTC quick trade - exact levels on the chart! Let's remember the halving event!
XRP might just be the best Blockchain project fundamentally, but the price action suggests otherwise. During our weekly Long term chart analysis, we reached the conclusion that BTC might just outperform XRP by leaps and bounds and we certainly don't leave our followers in the dark. Below are some worrying observations that we made looking at XRPBTC Weekly chart:...
An absence of frost risk & speedy Brazilian harvest helped major correction in recent days. Positive news for bull is that ICE monitored inventories are continuously dropping. Brazilian real also seems strong on charts, further good for Coffee bulls. Presence of 100 as psychological level along with 99 as fib support, Its worth buying 99-100 region for quick bounce.
We are sharing a very reasonable trade opportunity - ADAUSDT Takeaways: 1- Positive trend intact with price just where we like it 2- Solid Risk-to-Reward ratio (~9% to lose, ~55% to win) :) 3- Selling interest declining as suggested by Candle formations and Volume bars 4- Patience is key
Altcoin Marketcap has been in a strong uptrend for quite some time now. After a much needed correction and a massive run in BTC, Top Alt bulls are all geared up for another leg up. Under such conditions, we feel alts namely BINANCE:ETHUSDT , BINANCE:LTCUSDT , BINANCE:BCHABCUSDT and BINANCE:EOSUSDT will be the first few to give BTC dominance a run for its...
It’s January 1st 2019, and you just read the news from 16th July 2019 (let’s just assume you can look through the future for this one time) that BTC has crashed down to $10,000. First, you will wonder if you are reading an extra 0 or the news is reported falsely? Then you find out that it’s all true and in less than 7 months’ time, BTC will “crash” to $10,000....
After Yesterday's mega pump in BTC, 240M 100EMA proved to be a strong resistance, followed by exhaustion in the momentum. Considering the solid buyers that pierced through the resistance yesterday, we believe a 50% retrace (From 18th July low to high) would coincide with an important horizontal support. This calls for accumulation in the specified zone with...
Short term scalp opportunity in ONE-USDT. Levels are on the chart.
We are sharing our interactive BNB channel chart. Followers can trade the channel. However, don't forget to exit in case of a breakdown.
Closing above 20sma on thursday, GBPJPY managed to kiss daily kijunsen, as that was the exact high on Friday. While Yen will be sold due to risk on. GBPJPY shall manage strong bounce. Sell trend is weakening as ADX fell towards 33 & shall fall further as markets open.
While risk on will prevail on weekly open after G20, CHF & JPY will be offered by traders due to decreasing demand of safe haven for the short time. That will help GBPCHF to rally which has very bullish technical structure. RSI is rising and selling momentum is waning. Expect 1.25 & 1.26 easy targets in coming days.
After dovish fed, CHF has been the main beneficiary, USD/CHF tumbled 4 days in a row, pushing CHF high against all majors. GBP/CHF touches key horizontal support with bullish divergence on daily chart. Need to see if it forms tweezer bottoms on daily chart. Seems to rally ahead to aim daily 5, 10 and 20sma respectively.
In the past, we have posted most charts on BNB against USDT and BTC. Now is the time to take our LONG TERM view on BNB and compare it with the biggest ALT, that is ETH. In 2017, ETH saw price hike of almost 2000% from the level marked, actual hike was much more as it started rallying from 13 USD. Why do we draw this comparison? A detailed note will follow on how...
Thursday EIA inventory report showed that inventories rose by 102 bcf. That is eleventh consecutive week that inventories are above their 5 year average. That pushed prices down to test previous support and making double bottom structure. Chart structure is good for bounce and signalling some gains for long positions.
Taking support at daily kijunsen which coincide with 50% retracement of current rally, you would never like to miss a buy. In a bull run RSI at 50 needs to give support and it almost kissed that level. Re buying here can provide quick profits towards 100 and recent high. Fundamentally, Brazilian Real rallied big after we spotted bottom against USD at 4.10 . Coffee...
We have spotted a reasonable trade setup in ARN backed by game launch hype. Refer to the chart for exact levels.