Hello fellow traders ! Here's where I see Bitcoin potentially going. In my opinion, 8500 is the next strongest level of resistance. First, If you look on a weekly chart, you can see that the body of last weeks candle closed ABOVE the .618 fib level, roughly 7250, and even tested it and confirmed it support hence the bullish engulfing candle you see today (That is...
Hello fellow traders ! This is my take on the Binance coin BTC pairing. As you can see price has come down to market structure. We do not want to break the level we are currently at hence the stop loss. If this level breaks, this trade is invalidated. Given the structure, the oversold conditions of the RSI, as well as the Stochastic RSI crossing up above the 20...
Hello traders ! Giving the oversold conditions of this coin, a short term reversal might be looming. First, last time the RSI was this low, the coin saw a 60% increase. Not saying that will guarantee happen again, but just food for thought.... The 1 $ mark should be staunch resistance because that level has been this coins critical support ever since May of 2017...
Hello traders ! This is my view on the COCOS / USDT pairing. Cocos has had a nice run the last couple of days, and in my opinion looks like we have a little higher to go. The ADX and DI show the bulls are still in control. Unfortunately the momentum seems to be dissipating, (the white line) but as far as lagging indicators go, this could correct itself in time,...
Hello traders ! Here is my view on LTC/USD. As you can see price is at a critical zone with multiple WEEKLY candle touches around this price. (this zone also held a strong resistance back in 2013, not shown in this chart) Price action is following the pitchforks descending support level quite nicely, and due to its oversold nature via oscillators shown above, I...
Hello traders ! This is my view on the BEAM/BTC pairing. As you can see, the RSI, Stochastics, and Money Flow are all oversold. a low risk long opportunity is looming. If everyone is selling, it is about time to start buying. My SL will be just under .00006. We just need to watch the reaction with the upper trend line and how that daily candle closes. Happy...
Hello ! Here are my thoughts on the stock Organigram is at in its current market state. As you can see with the numerous weekly candle touches, this stock is at a critical zone. I believe a reversal would be most probable giving the RSI, MFI, and Stochastic RSI are all oversold and finding a nice bounce in this zone. Not investment advice, just my idea ! :) happy...
Provided that BTC is in consolidation, it's time for alts to shine ! In my opinion, DENT/USDT looks like a pretty good buy at the current levels given the oversold circumstances. Take profit zone will be the top red horizontal line. Unfortunately on the bearish side, price action is in a descending triangle. Usually a continuation pattern for further downward...
Good morning all! Here is my view on the Bitcoins current market state. In MY opinion, I do not feel we will go much lower if we do at all. Since there are many similarities in the 2017 start to the bull run; here is a more comforting big picture view on why I see positive price action to come in the next months. Almost exact same retrace at around 40 % and a...
Hello ! This is my thoughts on the current Bitcoin market state. If we truly have started a bull run, it will be very bullish to find support on the 200 day moving average, as it was a major support for the run of 2017 as well as the recent rally to 14k. The RSI being below 40 is good sign as well that buy opportunities are looming. After the support trend line...
Hello, on the weekly time frame we see that we have hit the base support zone with this crypto pair. Setting SL not too far lower than this support line. (Besides this; the daily rsi was forming a divergence indicating a change in trend) Happy trading :)
Hello ! A simple and basic strategy and has some positive price action in this sideways market.. I'm hoping we can have a short term bullish cross here, I'm guessing anywhere from 6 - 10 % to the upside. If we get rejected, We may see 9.5 again. We shall see and good luck traders ! :)
Welcome ! Here are my thoughts on where BTC might be headed in a potential bullish or bearish scenario. This is also with the BTC / tether, I usually use Coinbase, but because the tether pairing is more popular AND this particular one shows the break of the downtrend upper resistance. Keep options open ! Bear side; most indicators oversold via 4 hr . Upcoming .618...
Welcome, this is my view on Litecoin at its current market state. This is based on price action and the breakouts. On the bullish side, I would like to see a hold of the .382 fib retracement. Yet, there is a lot of confluence to come if we break above this level. On the bearish side, at the moment, the body of the 1 day candle is below the .382 holding its...
Welcome, this is my thoughts on Ethereum at its current market state. Right now we are battling the .5 Fib retracement (market low to high) and we're also in the midst of a textbook bear flag, hence the pole length down. Also on the bearish side, the ADX and DI show the bears in control of the market with rising momentum. As we are finding support on both the 200...
Welcome, I don't post much on here and am pretty new to the market but here is my look on the potential short profit taking opportunities! The Fibonacci sequence is quite powerful. I feel these might encourage some price bounces so I'm being careful and moving my stop losses down to lock in profits. The golden ratio .618 is what i really have my eyes on, where we...
Welcome, this is my view on Litecoin at its current market state. We broke our strong 5 month trend line. But the bounce on the 30 of April proves to be a strong support level as well as being the .618 fib level. (swing low to swing high up trend) Looking at this golden level to be some solid consolidation. Right now, if LTC can hold the .5 fib level as support,...
Hello just wanted to share what i see in the BTC market at it's current state. To make it plain and simple, a divergence is among us regarding the RSI and price action. I believe a trend reversal may be in the works as we are losing steam being in the overbought territory yet again after 11 days of breath under the 70. Happy trading ! :)