VinanceYT

VinanceYT

When I was looking at the chart of COINBASE:BTCUSD , I noticed something familiair on the chart. In my previous posts I talked about the ascending triangle and the possibility of a false breakout. That false breakout dream seemed to be false however I think we're looking at something which forces us to flip our opinion yet again. When I look at it now, I see a...

VinanceYT

EURONEXT:ABN has not been performing well since the peak of januari 2018. Since then it has steadily dropped from 28 euro's to 18. Where at first it looked like it has found its bottem there. However the price quickly broke support, made support new resistance and dropped 60% from there. After that 60% drop the stock has found its bottom around €5.70 which is 80%...

VinanceYT

For the past couple days we played with the idea of a false breakdown of the ascending Triangle. The price turned more bearish the more days went on. Bitcoin seems to be bullish for one period where the price bounced off of the 21 daily ema. The day still has not closed yet but the ema seems to be clearly broken at this point. Why the question "2 more days of...

VinanceYT

BINANCE:ICXBTC has been on my rader for some time but other alt-coins had my priority and i have executed the trades on them. This means my aim is completely focused on Icon. Now on this chart we can see a couple of reason why i has cought my eye. The last few days the price has risen 80% measured from most recent low to the peak of this rally. The top...

VinanceYT

Hi all, Bitcoin has been out of its ascending triangle for almost three days now. We've seen the false breakout to the upside which has been followed up by a break of the support line of the triangle. Now in normal cases this is clearly bearish. In the case of Bitcoin however, this is a bit more complicated. In the previous posts i've spend some time talking...

VinanceYT

In my previous post about BINANCE:ADABTC , I mentioned that Cardano came down to the support zone for the first time since september 2018. At that point, the price just came down to support an made a slight recovery from it. The week has passed and this week is also coming to an end and Cardano is still resting on support which is extremely bullish. Right now...

VinanceYT

In my last analysis, I was a bit devided by the price action of Bitcoin. Bitcoin broke in and out of its triangle whether it was bullish or bearish. We spotted 2 false breakouts on the downside and one on the upside. When the price was at the support line of the triangle, I said that Bitcoin had a 55% probability to rise to resistance and possibly break it. Right...

VinanceYT

COINBASE:BTCUSD likes to confuse traders with its price action. In the green circles, we can see the support break twice before the price shot up to resistance. Once price broke resistance, Bitcoin came down to the support zone and bounced off like a textbook triangle breakout. However, The support zone broke which makes it resistance again. Right now we can...

VinanceYT

COINBASE:BTCUSD is bullish and here is why. On the hourly chart, we can spot a ascending triangle. We have a rising support line and a horizontal resistance/support zone on top. At first it looked like the triangle broke bearish. However, this turned out to be a false breakout and the price quickly rose to resistance. Bitcoin flirted with the resistance zone for...

VinanceYT

BINANCE:XLMBTC has risen above resistance, came down and made resistance new support. Since the glorydays of end 2017, begin 2018, Lumens has been on a decline along with most of the other alt coins. When the support of 2000 satochi broke, a decline of more than 70% followed. Since then, the price went sideways for more than 40 weeks. However, with the recent...

VinanceYT

Since the recent lows of 02 and 03 Aug 2020, Bitcoin has formed a rising support. Afther the price hit support, it bounced back to the red resistance zone. On 06 Aug 2020, Bitcoin was in a ascending triangle which usually breaks to the upside. In this case however, the price broke the support which was bearish at that time. However, Bitcoin has the tendancy to...

VinanceYT

BINANCE:ADABTC Has made contact with the green support zone for the first time in September 2018. Ever since then, it had flirted with the zone till the break of june 2019. The support zone hasn't been touched since june 2020 where it has been made resistance. However, the price quickly rose and finally, in this correction, the price has made the zone support...

VinanceYT

BINANCE:XRPBTC is bullish and here is why. First of all, the price is out of the falling wedge which has formed since the low of september 2018. The price has made it's resistance support and after that, it went sideways for a small period of time. Secondly, on the weekly timeframe, the price hasn't been able to rise above the 21 weekly ema. Since Februari 2019,...

VinanceYT

In de post van gisteren zei ik dat het waarschijnlijk is dat Tesla naar de support van 900 usd zou gaan om twee redenen. 1: Tesla brak bearish uit de descending triangle. 2: De prijs zat onder de 21 ema. Wat nu echter is gebleken, is dat Tesla vandaag hoger opende dan de close van gisteren. Vervolgens zit de prijs boven de resistance van de 21 ema en de triangle....