My idea is so simple... if price rises above all 3 blue lines, we will have a bullish scenario (its what I consider is going to happen soon), but if price falls below pink lines, we'll have a bearish scenario to 40k at least.
(5/0) Means in this profile for the past 5 trades, 5 were sucesful, and 0 were wrong. Very good opportunity to enter both short and long term, this is a very good coin, and looks like in this alt season the protagonists are going to be the exchanges.
We are definitely in an ideal area to start investing in altcoins, since as you can see in the graph, the current area has previously been a great resistance in terms of the sum of the dominance of bitcoin, ethereum and the main stablecoins.
(4/0) Means in this profile for the past 4 trades, 4 were sucesful, and 0 were wrong. In this trade we have in favor of our trade: -Rising wedge (this indicates a proximal drop of price) -VuManChu sell signal and divergence (those 2 combined are very good signal) -Strong long term resistance (black line) -Small short term resistance (pink line) Have a good trade!
In this analysis we can see that the best time to buy or accumulate Bitcoin is when price is between 1000 and 2000 1D SMA, and excellent prices to buy is when BTC touch 2000 SMA, which is very rare to happen. For this cycle we saw the first time price of BTC fall below 2000 SMA, this due to negative events in the crypto market (such as Terra, Celcius and FTX...
In this famous technical formation called "The fish misses the old days" it indicates how much the fish misses the price of times gone by. So it will try to recover those prices (in this case, higher prices), so the price will go up thanks to the fish. This coincides with the fact that crude oil has been rising aggressively and it is a matter of time before gas...
I don't want to write a lot of words now. so in summary if an hourly candle breaks price below mid-line of the VWAP channel (blue line) with an engulfing candle, it would be a good opportunity to short gold.
In this analysis we can see there are FOUR, I mean, FOUR!!! strong resistances: -Top of blue channel -Black resistance -Green resistance -0.382 Fib. Retracement If price can break all of those 4 resistances, Would be a green big dildo without retest of those resistances.
Divergences combined with wedges, as in this case, are patrons which I love because of its effectiveness, so I'm bearish on USD from now.
Of all the possible future projections we have for the price of Bitcoin, this is the projection that has the highest probability of being fulfilled. The main reasons for the above statement are: - Using the Fibonacci extension tool, we can see that both the extension of wave 'C' (at 1.618) and the extension of sub-wave 'C' (at 2.618) coincide at the same point...
We are facing 4 resistance lines right now, that's why we spect the price to drop. (3/0) means in the past 3 trades, we take profit in 3, with 0 stop loss
We are developing a C wave, in this case is corrective. The price projected is 1198, and that would be a very good entry price with a 23% drop. But why are you cinnamon so sure that's the landing price? because the wave C as long as, or 1,618 wave A in this case projected from wave B. Thats the use of the tool "fibonacci extension". Besides, this landing price...
The future price of MATIC depends on which of the two lines breaks strongly... If it breaks the red line, the behavior will be very bearish heading towards the orange lines, and if it breaks the green line, we will go towards the blue lines. Unfortunately I think that the behavior will be bearish, since we have been in a bearish scenario for a long time. However,...
(2/0) means in the past 2 trades, we were sucessful with 2, and lost 0. In this one, we can see as positive factors for this trade: +Bullish divergence with RSI +Reject from main support (blue line) +Reject from secondary support (black line) which before was a resistance, so is now retesting +Reject from strong horizontal support (green line) Negative...
The idea is very simple and at the same time very concrete and decisive. The chart indicates the two main trend lines that are currently playing the most important role in the price of Bitcoin (blue lines). We are at a critical point and there are only two scenarios: -The price forcefully breaks down (God have mercy on us). It would actually be very difficult...
(1/0) means our profile has 1 trade positive vs 0 negative... There are 6 reasons why we consider this trade could be successful, blue resistance is just one of these, and here in this chart is used as a reference... Entry: 1,0948 (or blue line) SL:1,09824 TP:1,088 This trade could expire, I will advise.
It is not a financial advice, please do your own analysis and use this only as a reference.