The_Cannalyst

The_Cannalyst Updated 

Dax 2011 vs 2024 - We have seen a top-formation, a classical head & shoulders - will the history repeat itself? The charts are really very similar...beware :-)

The_Cannalyst

Yes with the crypto exchanges it goes currently not so well -today one reads e.g.: Quake on the crypto market FTX emergency sale to Binance - Bitcoin crashes rapidly. Shockwaves are going through the crypto world. Sam Bankman-Fried, founder of the third largest crypto exchange FTX, has to distress sell his company. The world's largest digital currency exchange,...

The_Cannalyst Updated 

Nifty is still bullish...at present we see the start of a flag-breakout..

The_Cannalyst Updated 

Hi nifty traders :-) Nifty still seems to be bullish. There is a wonderful flag..the consolidation stopped exactly at the min. correction level (Fib 0,38). This seems to be a traders dream :-) As long as nifty is trading above this niveau (11.550), the sentiment is bullish. Breaking this niveau should initiate a sharp and fast downmove with first TP 0,618 Fibo at...

The_Cannalyst Updated 

The Breakout is still in full swing, but with yesterdays candle i am afraid of upcoming weakness these days. The RSI is nearly overbouht and SPY is forming a bearish wedge. If SPY would come back to kiss its former breakoutlevel that would be healthy. But SPY should not fall below the former Breakout-Level. Here i see the risk, that we will drop down into the Fibo-Cluster.

The_Cannalyst Updated 

My dear friends and followers :-) It is long ago that i have analyzed BTC for you, so it is time to analyze BTC again :-) Why? because BTC formed a flag -and the guys who are following me since many years should know, that flags are my favourite BreakOut-patterns :-) For those who are not really familiar with flags, i attached a mini-flag-tutorial :-) This year...

The_Cannalyst

Introduction into 1-2-3 Trading Pattern My dear followers - we always make the same mistakes, we do not let winnings run, but already losses.. his guide may help one or the other to have an instrument on hand in the future, just to make it win, and to let it rise. In addition, this approach makes it easier to manage money or make stopps easier to handle - if...

The_Cannalyst Updated 

After breaking the triangle, a fast downmove appeared. This move stopped not far below the EMA200. From this level on, we see a consolidating move between 7.750 and the EMA200. Breaking 7.750 (The MoB!) should cause the next impulsive and dynamic shortterm downmove. The chart brightens above the EMA200...

The_Cannalyst Updated 

BTC is still in a falling-knife-situation. In the shortterm view we can see a H&S. Will this be triggered, a further sharp selling wave shpuld be exspected. The chart brightens above the right shoulder respective head

The_Cannalyst Updated 

Can that be true? Will we see a longterm breakout? Or will we see a 4x-Top? Trigger for both szeanrios is the neckline of the huge H&S - the present tradingmark!

The_Cannalyst Updated 

Which Szenario will occur

The_Cannalyst

Will Amir break the resist?

The_Cannalyst Updated 

Will DAX break this central resist?

The_Cannalyst Updated 

BTC reached next Resistance Zone - RSI is nearly overbought now, so we have to exspect a healthy consolidation soon...

The_Cannalyst Updated 

The RSI says, that the Support will be bought..but what happens than? I see the risk increasing, that a further downwave could be initiated.

The_Cannalyst Updated 

BTC is still fighting with ist EMA 200. The present Level of this EMA is nearly corresponding to the last top. This is THE Make-or Break-Level! The RSI is diving through the overbought area...

The_Cannalyst Updated 

After kissing the Midterm Trends upper edge, we see weakness! At the Moment it seems that btc could break ist shortterm uptrend. That should accelerate the bearish momentum. Perhaps we see a bearish H&S right now which is trigegred and active! The RSI is near the next possible buying area, but we didn`t reached it at present. As Long as BTCUSD is trading below...

The_Cannalyst Updated 

The consolidation after the youngest selloff stopped at ist min correction Level, the 38,2 fibo. THIS IS THE LEVEL TO WATCH! As Long as Dax ist trading below that Level (here also is based the EMA 200!), the momentum should still be bearish. A bearish Flag could be formed!