Cincottitrader

Cincottitrader

Bitcoin will most likely re-test the previous breakout level at the 53-54k range according to price action and basic trading rules. Don't forget that price tends to re-test previous breakout levels most of the time. I turned on the 9MA in the daily chart to keep track of the re-test zone. If you are a bull, you want the candlesticks to close above 59k confidently.

Cincottitrader

Bitcoin is finally approximating its most potent support level of this correction. If you plot the daily chart, you can easily spot a trendline in the candlesticks. It connects the 28k and 40k bottom. By the time I am writing this analysis, the H4 chart is closing in a heavily oversold zone below the bottom Bollinger band. Also, according to confluence, there is...

Cincottitrader

Price will follow the books. A bullish symmetrical triangle broke to the upside, and now we will re-test anywhere from the 20SMA up to the exact triangle's old resistance/new support) Don't freak out; Bitcoin is here to stay. After the re-test, we will start a bullish trend to infinity and beyond.

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BITCOIN could potentially respect the trend in low timeframes due to price respecting bearish moving averages (resistances). We could expect massive volatility in the market with an overall result in lower lows at daily timeframes. ADA could break downwards with heavier momentum if BTC re-tests higher levels NOT FINANCIAL ADVISE

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GOLD consolidated during ages in the form of a bull flag. According to price action and Fibonacci , the pattern positively broke to the upside. Now it is completing the re-test of the said breakout. Now a bullish trend could start for the longer term. During this trend, the price will most likely respect indicators like the moving averages and the Ichimoku...

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The price broke a #bullish falling wedge. Remember these patterns like to retest breakout levels (sometimes even lower levels) before initiating a healthy trend. I left a square to the lowest area the retest is possible. #crypto

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All symmetrical triangles could break to both sides. IMO: we are about to see alt season 2.0

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In the one hour chart we see that we are oscillating around 12% below the Moving Average 200 (orange). Candlesticks have successfully established many support levels, specially above the moving average 20 (Purple). Bulls appear to be in control at least in the short term. I circled every important buy zones and green candlesticks seem to be mostly complete and...

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Hello my crypto people. Again I want to give thanks to my two most influential Technical Analysis masters, MagicPoopCannon and Botje. In this example I am proving that 1) we are still in a bear market, 2) It is a very risky decision to enter a long position, 3) Bitcoin prices has gone up mainly because of political factors rather than fundamental properties....

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As you can see in my link about my previous weekly idea we will have a month of bear cycles, according to weekly Stochastic at risky levels. In this same link you see that I estimate a 30-35% correction. Obviously the price wont get the correction in one single candle, but I am planning to profit from the bounce up every time the market dumps. Please don’t forget...

Cincottitrader

Hello guys. I first want to be grateful for my two must influential posters in trading view, MagicPoopCannon and Botje, you guys rock. Now, this is my own analysis. I will keep it super short and simple. My favorite indicator is the Stochastic, it is very accurate, mostly in higher timeframes. Stochastic is my favorite indicator for high frequency trading and has...

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This is a very simple explanation on why I am long in BNB coin. It is a great coin to hedge against BTC because it is a very useful utility token that Binance users use to reduce fees in transactions and liquidate their positions. If you see this graph, BNB has gone up around 250% since the start of 2019 while bitcoin has rallied down most of the time. The line...

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I missed the timeframe of the short sell for 5 4h Candles. My short position is still open. I first shorted when I saw low volume. It is always better to stay away of the market when low volume is in play because it is easier to manipulate the market. However I now see the completion of a perfect bear flag forming a noticeable rising wedge. There are 3 key...

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Keeping it short and simple as always. 50 Ema is an indicator I feel comfortable working with. We can determine repetitive patterns easily and as we see the Ema 50 has been acting as a resistance area. We are approaching the Ema 50 and unless we have Bullish movements we will act as a consolidation level to keep going downwards. I spotted 3 bearish indicators...

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Hello Crypto people. I like to keep it short and simple and briefly explain the technical reasons. Dark Yellow Uptrend Line The dark yellow uptrend line is giving BTC a good support level in the 4 hour chart. By taking a look in the Stoch Indicator we can predict that there is a possibility that the candles touch the uptrend line. Triangle Upper Red Line With...

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-MACD Cross showing potential momentum. -Candles have been consolidating above the EMA 50, which is a very bullish sign since an entry level would be buying at the support. (Buy the support, Sell the Resistance). The uptrend line, in yellow, have shown a great support level. - There is a big triangle, in yellow, that graphics the end of a consolidation period....

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The market in general has lost lots of incentive to invest. However there are a few hands that move the market. It has been oscillating between highs and lows and now I expect the market to have a short term pull back. Here are the main reasons. 1) Volume is decreasing 2) Candles have touched the yellow uptrend line in the triangle 4 times already, potential...

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Inverse Head and Shoulders Pattern forming. We just hit resistance level so we are expecting a bounce up and consolidate near the 100 Ema (pink). I do not expect the market to go bullish in the long term but I do expect a consolidation process that will last around 12 to 15 months where the price will oscillate between the $5k to $8k.