Buy position for BTC in 15m timeframe. Good Volume and breaking last minor top. risk/reward: 1:2
As you can see 41k is the confluence zone between 4h uptrend line(green line), broken daily downtrend line(blue line) and one of major resistances of BTC(gray line). Probably this is the zone that a lot of traders going to buy bitcoin. Also the return to this zone can interpret as a pullback to the broken daily downtrend line.
As you can see, BNBUSDT is in a major range trend. Uptrends inside the range are losing momentum and their angles getting lower every time. But downtrends getting stronger and their angles getting higher each time. Beside, RSI shows hidden divergence on the uptrend and volume rises near resistance shows selling pressure. This is the BNB situation. If the blue line...
Chart is simple. The uptrend trend line is broken. So now we are in a Side trend. Price broke the first support and it's near the second. Base on a little rise in volume we can say price can bounce from this support but because volume didn't rise much, down trend can continue. So there going to be a pullback to the broken support. Notice that if BTC get rejected...
I lost a lot of money in Tehran Stock Exchange. Because simply I arrived too late. I read a lot in past year and now I can say why I lost a lot of money and how can prevent it in future. It's simply the psychology of the market. Retailers like me get in when everybody says that something is good and profitable; Seriously Everybody! Tonight I was thinking about a...
I always try to rely on pure price action for analysis and use indicators only for confirmations. BTC daily shows a very obvious and simple downside breakout in a wedge pattern. Every trader knows what's going on but people get emotional about bitcoin and wanted it to be upward. So they ignore the glowing breakout. Candle closed under the long term trend line and...
XRP finished it's third ascending wave. As you can see It's moving toward the base of it's channel. The blue arrow line shows the moment that the uptrend started each time. XRP can start it's forth wave from the blue rectangle, the cross between arrow line and bottom of current channel. We can see a consolidation, the red rectangle, with big and strong red and...
In my previous analysis, we took profit on channel breakout in ADAUSDT. Now we have a triangle breakout. High volume confirm the breakout. Based on average triangle height, it can go 30% upward. But don't rush on entry. Wait for a pullback and then get inside. As you know your stop loss is under triangle top.
ADA broke to top of it's former channel. So now it can go to top of the double channel. At this moment ADA made a pullback to the resistance it broke. The green rectangle is the buy zone. You can set your stoploss under the shadow of prior candle. the target is inside the red rectangle. Notice that red zone is ADA top price in all time. So there is going to be a...
In my previous idea I found a trend reversal and a +250% target for HOTUSDT. Reversal happened and uptrend started. You can take a look at that. Now I see an entry point in form of a cup and handle pattern, to uptrend. I showed everything graphically on the chart. You can sell on each target you want but notice that it can go higher even than the third target. So...
ALGO broke it's resistance, the top of it's channel. Now it can go to top of the double channel. It had a pullback and now uptrend started. Redline is the stoploss and green line is target.
Everytime HOT formed a triangle it went +250% upward in 10 days . It's the third time that it's going to form another triangle. There is convincing demand at the bottom of the triangle. So technically it can't go lower. You can buy at the bottom of the triangle(the gray line). The red line should be your stop loss and the green line is the possible target based...
Everytime BTCUSDT formed a triangle shape, it made a good profit. This time it's forming another triangle for reaching the 60000 target we all waited for. I'm gonna buy at top of the breakout of the last triangle(if it break with a convincing volume). The sell stop for me is inside the triangle. The target in 59750 for safety :)
This is one of the most repeatable chart patterns. Chart broke the triangle from above and it can go till top of the triangle. RSI show an uptrend too. Stop loss can be under diameter of the triangle. Cautious traders can wait till they see a cross between ema(26) and ema(100).
Just God knows what's going to happen. I just gave a suggestion. Let me know what you think about this.