MikeMoh

MikeMoh

Hello people. so after we broke the down trend "red" as well as the uptrend in blue. it looks like the new trend ( blue) will be our guide throughout the journey ! buying entries should be based on that trend, the next price correction should re-test it, we have one more resistance at around 9800 ( blue dotted line) after than the road is clear to the next major...

MikeMoh Updated 

Ya i know this is probably the ugliest flag you even seen but sorry doint this with a touch pad no mouse in hand now. but you get the idea. a flag break out, and price will boom up ward. ** a break out of the top-line of the flag is a must. do not rush to jump in. Good luck

MikeMoh Updated 

So as we mentioned ( but not expected ) btc did break the ALL TIME HIGH trend on the daily with a very bullshit candle on the log scale. went all the way to 9K area where it got stopped buy the the horizontal resistance. went down and got stopped by the uptrend ( red ) which was broken previously. I guess it is now safe to buy with a tight stop loss right under...

MikeMoh Updated 

hello people. as you see on the chart we are approaching the downtrend from ATH. thus we have 2 scenarios ( obviously ) so in this post i will show you how to make the MOST of both. if you want a straight forward ( BUY or SELL) signal then this place is not for you. so let's get right into it. -1st scenario ( the more likely to happen) A bounce back from the...

MikeMoh

chart is clear.

MikeMoh

Nothing to say, it is very clear, a very good risk/reward trade. broke a major line now re-testing it. seems ready to take off. provided that BTC does not collapse of current trend line. Good luck

MikeMoh Updated 

either buy now ( at trend) or wait for break out. trade safe :D

MikeMoh Updated 

you have 3 possible good entries , it is clear on the chart. wait for a triangle break out or buy at support trend / line.

MikeMoh Updated 

the last triangle was messed up by the sudden BTC spsike, we have formed a new one, and looks like we breaking through.

MikeMoh Updated 

if you are not riding this train yet, this maybe a good chance, keep a tight SL tho.

MikeMoh Updated 

if we break out triangle , go long again :D

MikeMoh

NO FUD here just facts ! Let's get right into this. Looking at the Linear scale ( ) BTC looks as if it has broke the down trend coming from ATH. but then the momentum is very slow,this is not how the market should response to a MAJOR break out like this. usually when such a break out like this happens, we see massive increase in volume as well as PRICE. but...

MikeMoh

watch for a break out of this triangle, can also enter at the retrenchment of the the up-trend.

MikeMoh Updated 

an update for i mentioned that we could buy either at breakout of triangle or from an up trend retrenchment. but zooming in the chart you can see that there is a actually a strong support at the bottom of the triangle. you can go long here with a very -very tight SL " right under the support line. if the price gets lower you can pick it up at the trend...

MikeMoh Updated 

Hello guys, so back to our main analysis based on 2 MAJOR trends. after the great bull run we had a SHY close above the down trend. this may not be strong enough but we getting far from the up trend and building stronger support lines which is good for the up side. i expect a correction to re test the downtrend from top before another bounce up. areas are...

MikeMoh Updated 

look for a break out of the this triangle , a huge pump could follow just like the last trade, we are expecting big news about partnership and stuff like that from Verge by the 18th. i am going to short verge on the day news day. i always buy the rumors and sell the news. so i won't be surprised to see a massive dump on this coin after the news.

MikeMoh

watch the 1H chart for a break out of the triangle to go LONG , alternatively if we break below the triangle then wait for price to re-test the trend line ( red ) and go long from there, keep your SL below the red trend as it is the MAJOR support for this coin for now.

MikeMoh

we made some good profits on EOS yesterday , and i do think it has more space to move up, specially if the break the last hight.as for now we are forming the bull flag, watch for a good 1H close to go long. never trade without a STOP LOSS no matter how sure you think you are ! good luck