BTC currently sits at a major crossroad. We just broke down and negatively retested a very pivotal MA which has three times in the past sent BTC tumbling down 46 - 58 percent (scroll back to 2014 and see the same event play out). Should history be anything to go by, we should see a down leg of approximately 40 percent, which aligns almost accurately with the 61.8...
The bear trend on DODO is showing signs of exhaustion and this is most obvious on the MACD. A confirmed reversal from the bottom of the channel will open doors for high-reward long positions. I'm currently looking at a potential move to the POC at 0.393, then to 0.66 and 1.08. This is not financial advise in any manner. DYOR and manage your risk properly. Best...
GRT is currently battling a truck load of resistances: 50 and 100 MAs, the descending trendline and the Horizontal level. You know what to do if these resistances give way. Targets are on the chart. Remember that this is not in any way a financial advise. DYOR and manage your risk properly. Best of luck from Commodore!
Expecting a local rally to at least $4. Wait for a clean breakout of the falling wedge. Reversal also supported by divergences on the RSI and MACD. As always, this is just my own view point, so DYOR!
The price of the asset bounced from the 53k level, broke out of a falling wedge and is now facing stiff resistance at 58k. IMO, once we cross above the current horizontal resistance, we will have little to contend with on the path to 64k and ultimately a new ATH at 75k. Also notice the series of almost identical falling and rising wedges and how effective they...
No much explanation needed. The chart says it all... Not a financial advice though, DYOR!
This coin has been moving in this descending channel like forever. We should expect a bounce from the bottom of the channel to the $0.66 level. I'll be placing my trade buy order at the bottom of the channel. There are chances we'll not make it down to that level, so consider splitting your buy orders. Take a look at the related Ideas which were spot...
We have a descending triangle which is a nice topping formation. The price action is currently touching the top of the triangle. Both Stoch and RSI are oversold. Aggressive traders can go short now with stops above the swing high. I personally will go short only on a break below 1.17250. Take profit levels are shown on the chart. Good luck guys! Commodore loves you! :)
Bear flag forming on ETP 4 hours chart. If it breaks down, we will expect a move back to 0.57. Remember to trade only on a break down. Good luck! Commodore!
Bitcoin just broke throught bothe the trading range it has been in for the past few weeks and also the critical 7700 resistance level. First target for this trade is 8000 level and once we get above that, we have an ultimate target of 8800 which coincides with the falling blue trendline. Long term bullish outlook will be confirmed only if we manage to get above...
What's up guys. Been a while I updated you guys on TV. Been busy with my academics. But that's by the way. Let's take a look at the 4 hour chart of bitcoin. Looking at the chart, you'll notice we're currently moving in a falling wedge and probably made the last touch of the bottom of the wedge. Wait for a breakout of the top of the wedge before you go long as...
Hello my good friends. Welcome to this wonderful fractal and technical combo analysis of our beloved bitcoin. Here, we're looking at the four hour chart of bitcoin starting all the way from Feb 6th. If you can recall from my previous analysis, I stated that the bottom of the falling wedge has enough power to put a temporary end to the free fall in bitcoin price....
Hello friends! Welcome to this fantastic analysis on Bitcoin. I know you wanna get some insight as to the next move, so let's jump right in. Here in front of us is a 4 hour chart of bitcoin starting all the way from August 2017. A quick observation will show you that we have broken down the all important trend-line from August and now plummeting lower. But fear...
Hello friends! Welcome to this beautiful analysis on ETP. We can see from the 4hr log chart that ETP has formed a huge falling wedge on its way down from its ATH and currently we are going to have what will likely be the final touch of the bottom of the wedge. If you are a risk lover, you can buy once the bottom of the wedge is touched with a stop loss 5% below...
Hi friends. You can see that bitcoin is clearly following a Flat 3-3-5 correction after its bull run which ended on 02-20. The A wave took us down to the 9200 levels and we subsequently saw a B wave which almost reached the previous highs but terminated just below at 11723. Now we are tracking a C wave which may stop anywhere between 9500 and 8800. Since this is...
Wait for a breakout above the flag. First target $1.32 Second target $1.40 Remember to do your own research before investing. Good luck everyone Commodore!
We have broken down the symmetrical triangle and probably heading back up to retest it. You can notice that the upward move is on lesser volume than the breakdown volume, confirming the breakdown. Brace up for a drop to 7400. Being a conservative trader, I'll probably set my target a few hundred dollars above the actual pattern target. Good luck guys!
Hey guys, this is a very short term trade. I see bitcoin diving to 9k in the next few hours. Check out the pattern on the previous fibs. Test a fib below, go up and test the one above and then dive to two fibs below. Let's make some profit guys! Target: $9250 Note: You can adjust the target based on your risk profile. Endeavor to do your own research before...