Trade_Scholar

Trade_Scholar

Weekly Timeframe Breakout Area / Rejection Area: $0.7979. Bitcoin doesn't have much movement for today as we are in the weekend. but XRP moved for at least 5%. WE are entering a Breakout Area where we would most likely hit our target price of $7.1386. 1D Timeframe From our 144 EMA, Rejection areas are $0.8448 & $0.7948. We are back inside the cloud which...

Trade_Scholar

Weekly Time-frame Weekend dump in. Greed & Fear index is in Extreme Fear (22). We can expect more to the upside from this Extreme Fear. Liquidations reach 242M for the long position which is significantly bullish. We might not expect much movement this weekend as stock markets are close. But we would most likely see pumping in the coming days ahead. 1D...

Trade_Scholar

Weekly Time-frame We are still bullish, and inside the Ichimoku Cloud Tenken Sen Support Area is in $40,467. Relative Strength Index (RSI) is still bullish. We got rejected in the final strand of EMA Ribbon so we went inside the could, and we will still retest the resistance area soon. 1D Time-frame EMA 144 and 233 was a strong resistance level, we...

Trade_Scholar

Weekly Time-frame We are again inside the cloud. We are expecting more to the upside for this weekly candle as it open a green volume from the Awesome Oscillator. Support at $43,440 to $42,010. We need to hold this support to keep the momentum to the upside. Bullish RSI. 1D Time-frame We are currently printing a Retracement Candle, bearish Harami...

Trade_Scholar

Weekly Time-frame We are currently above Ichimoku Cloud but not yet confirmed. Still this is a Bullish Scenario. Bullish Relative Strength Index (RSI), Bullish Awesome Oscillator (AO). Rejection Area of $45,806 & $48,008. Support is in $43,971. 1D Time-frame Huge green volume candle right there in AO. Area of rejection is still in $45,350, $48,008, and...

Trade_Scholar

Monthly Time-frame Bullish Harami Printed!!! Breakout to the upside is in play! Higher low is printed confirmed! Watch out for confirmed bulls back in the ball game. Russian sanction on Swift Banking was Bullish for Bitcoin as Russians transferred their funds to Cryptocurrency. Weekly Time-frame Bullish week, double bottom, Relative Strength Index...

Trade_Scholar

Weekly Time-frame New Candle just showed up, Good news for the bulls, we open to green volume in Awesome Oscillator as predicted yesterday. This would mean the beginning of the Upside! Another good news we found support in Ichimoku Cloud.Relative Strength Index (RSI) is about to cross over Moving Average (MA). Support Area of $37,000 - $39,000. 1D...

Trade_Scholar

Weekly Time-frame We are still inside the cloud and it is still Neutral Strong Support in $37,646. 22 Hours left to print New Candle. If we hold this area and closes with a Green Candle then the next candle will be a bullish one. Volume Profile Visible Range (VPVR) is currently in the strongest support so we can expect it to hold. 1D Time-frame We are...

Trade_Scholar

Weekly Timeframe Awesome Oscillator is still having its Bearish Retracement. We are looking for green volume next week to see more upside candles. Ichimoku-Cloud is still holding on, we are still inside the cloud which is fairly bullish. EMA Ribbon is still bullish it hasn't changed really from being bullish since 2011. We are currently experiencing two...

Trade_Scholar

Incoming breakout to the upside as the Europe market opened. The Descending Triangle chart is forming its breakout to the upside with a Target Profit at $49,814. We are still waiting for the incoming volume from the US market to confirm on either supporting the uptrend or rejecting the position in the 0.618 fib lines at $48,136. Stay tuned on the charts, and...

Trade_Scholar Updated 

Big Move AHead!? BTC had a hard month and might be ending the year below 50k. The rising wedge we have had already breakout to the downside and touched the target breakout of $46,712.19, so now we are waiting for another pattern to form and see where it will take us. In 1-Hour Timeframe we are currently forming a Double Bottom (W) pattern which shows bullish....

Trade_Scholar

What do we have here? Is there any pattern to follow? We are currently looking at 3 patterns in 1H Time Frame. 1. Descending wedge tells us we are going up for breakout with $48,290 Take Profit (TP) target. 2. M Pattern / Double Top Pattern with $44,916 Target Profit. 3. Cup & Handle Pattern which is also bearish. With the handle insight, first TP will be...

Trade_Scholar Updated 

What do we have here? BTC just slip to $47k . It did not happen just because it happened. It is perfectly hitting the price target for the M Pattern or The Double Top with low volume from our Awesome Oscillator Indicator. The bulls tried to continue the bull run but no volume is available, so the bears overpowered them with the whooping $4k lost in price...