


The cryptocurrency market while volatile is also very well calibrated. Some of you may be thinking of a possible new “alt season” coming. ONT seems to not have been left out buy the buyers and I envision an increase in price VS BTC in the future. The tide lifts all the boats. Some things may signal the beginning of a new uptrend. - The breakout of the...
One thing is certain, TRON like to take his time. But Alt season it is and when the sentiment is bullish our friend TRX is sure to follow. I wait for a new uptrend to develop, meaning Higher Highs and Higher Lows on both weekly then monthly timeframe. Sign of an upward momentum are showing The weekly stochastic is pointing up and the RSI just print a inverse...
The DOW theory state that an asset cannot be into trend at the same time. It is either an uptrend or a downtrend with counter trending moves in between. Even with his massive volatility, the coin is consistently printing higher highs on a weekly timeframe. Now that it is traded above the 20-week EMA and with a Stochastic recently crossing up. I think it can be a...
Hi, it has been requested so I might as well do it. My current view on the GBTC a futures contract which many times lead the race in matter of the bitcoin price. Since the beginning of 2020 we can clearly see emerging from the chaos and all the bearishness and negative sentiment a double bottom pattern. Obviously the pattern is not complete nor valid if GBTC do...
Hi, lets take a bite at CIVIC today. The pattern is clear: inverse H&S Volume are rising along the price which is a good sign. The RSI and the Stochastic are rising indicating of an upward momentum. The coin has made one test of the 100-day EMA (green one). If a close above the neckline of the pattern, we can expect a quick move to my first TP point (373...
Hi After a good rally and the appropriate correction BAT seems once again on the right track to greatness. Meaning a new weekly uptrend. On the daily time frame the coin has close above all daily EMA with a rising RSI and Stochastic. The risk reward ratio is good. If the price remains above the 200 daily EMA (in blue) and the support line (0.214$) we can trade a...
Hi It’s been a while since this coin is ranging but I think that now is the time to take a look back at it: The chart seems to have form an Inverse H&S which is not confirmed yet. It will only be confirmed when the price close above the neckline of the pattern with convincing volumes. I put an alert on it at 0.1127$. If the breakout occur the final target is...
There is only two ways for an asset UP or DOWN LINK is in a solide uptrend for years now. After the last run up from 0.5$ to 4.5$ the coin has been ranging sidways... All range must come to an end eventually either breaking up or breaking down. The momentum of this coin is strong with no setback visible as of now. I think this is an accumulation ragne until the...
The trend is your friend until the end. And the melt up continue. A broadening wage on top off an uptrend is usually a bullish sign. the price has been re-accumulated near the 200EMA on that time-frame. We can also see a bullish div on the RSI and the stochastic. All of the more reason to remain bullish for now.
With today close I get a BUY signal from silver futures. With this low volumes we can't consider it a breakout from the falling wedge like pattern just yet. But it is still remarquable. concerning my indicators few noticeable things : 1- The RSI crossed above the to bolinger bands. 2- The Stochastic is up-sloping. 3- The price close above all exponential moving...
It is still very early to scream at a double bottom Adam&Eve but has more time does more I see it forming on the chart and it is very bearish for alts. So as long as no major resistance area has been breach I do not trade aggressively but still a good chart to be looking at. Enjoy ;)
The price close below the structure then go back in the next week. This type of price action can be indicative of a break upward. If a strong uptrend develop from now I will consider buying back in and hop on the waves. For now it's just an hunch watch carefully.
I usually don't trust parabolic advance because they are unsustainable and often ends up retracing 60 to 80 percent of the distance from the base. I think this time will not be different. It is only my analysis and on a smaller time frame. this is not indicative of the overall trend which is bearish on the daily and the weekly time frame now. so if you trade the...
People love to talk about fractals so I talk about fractals. Every time I see a post on Tradingview about a cup and handle in a downtrend it makes me sick. So here a few ones so that you can get a good ideas of what to look for and why next time your are face with an long-term uptrend and a consolidation/continuation pattern.
Trading is not difficult it is about seeing what's just in front of you then manage your emotions about it then applying a good profitable strategy. In my book multiple signals indicates a buy on BLK as of now. 1- the trend : all EMAs up sloping and higher highs and higher lows on the monthly chart. 2- the RSI : who is crossing up his medium band. 3- the...
"History Does Not Repeat Itself, But It Rhymes" This is just my view on things. Disclaimer: previous performance are not indicative of futur result.
The Dollars index just confirmed a trend reversal last week We can clearly see the double bottom formation on the daily chart. All the momentum indicators are on the upside. A retrace is possible but as long as the price stay above the neckline of the pattern 97.91 I will remain bullish on the dollar.
The analysis on the ICHIMOKU cloud indicate that the market can range maximum until the 20 OCTOBER or about. meaning that à that point the chikou should have reach the priche and the market will chose a direction. The previous trend indicate downwards biais.