Good risk/reward ratio on this ZILBTC pair. Targets and stop-loss are given. inverted Head and Shoulders on 1H candles it's just breaking out of this white trend line Phoenix indicator: Positive White Energy AND Green Line above Energy (very good) Bitcoin is stabilizing which is good for altBTC pairs I appreciate if you press a like and don't forget to...
Gold has been stuck in this falling channel (Fibonacci channel on my chart) since topping out on August 6. Pay attention to 0.618 Fibonacci level which is coloured in red - I'm talking about the channel, not horizontal Fib retracement! This red shaded Fib channel acted many many times as resistance, then we saw a fakeout, then resistance again and now it looks...
This is a mid-term analysis. First, excuse me for oversaturated chart. There are too many lines but I just wanted to share my plan to trade Bitcoin because I think everything just lines up so nicely. I didn't have time to make new chart so I hope you can read this one as is. Bitcoin could go straight to 19300 (white arrow) or fall to Fibonacci Golden pocket at...
FUNDAMENTALS First of all if you don't know Nexo, do a quick research about them. It's a "crypto bank", offering loans for your crypto as collateral. So you don't need to sell Bitcoin if you need money for a car or bathroom renovation for example. Just deposit Bitcoin to Nexo and take a loan in fiat. When you repay your loan, you get ALL your Bitcoins back....
We were all waiting for a breakout out of this symmetrical triangle visible on 4H or 1D chart. Finally Bitcoin broke it upwards with quite a bit of volume which gives me confidence that it's not a fakeout. Now I'm also confident that hidden bullish divergence that I noticed on 3-day chart is meaningful. Another important indicator is White Energy crossing above...