adyscorpius

adyscorpius

Here's a chart showing Bharti's movement. As you can see, in both cases we had a reversal at the top with a wedge formation. the Second drop was a sharp move below the ichimoku cloud. Markets and charts are a reflection of traders' psychology. I'm expecting a similar pattern to evolve again as we continue to test resistance and fail before correcting atleast...

adyscorpius Updated 

The 50 EMA is falling and coming close to the 200 EMA on the 4 hour chart. The current wave up doesn't seem to have the strength to continue any further without a further correction and a stronger base. Bitcoin buyers at 10k are few, and bitcoin needs to build more structure before wanting to reach or break the previous highs of 2018. My entry at present would be...

adyscorpius Updated 

Looking for this wedge to break, with a high probability for the upside if the purple resistance is broken and retested. Long entry for a target of around $14000. In a downward break, I expect a C wave correction taking us to around $8800.

adyscorpius

Bitcoin has shown some strength in the recent days, but it also has no reason to go up, except for a Short Squeeze. Why wouldn't I call it a reversal yet? Cuz we still need to cross previous resistances (as high as 10k) to say we're in bullish territories. Also, the strength if the green candles is quickly sizzling off, and the bears are probably just resting for...

adyscorpius Updated 

IOTA has been the poor underdog. Much has been said about the project and its future proof nature, with other coins taking away its glory of the last quarter of 2017. All that could change, with IOTA been one of the few coins that don't need to be mined. I expect it to hold around the highlighted red region, with the Stoch support the move, and rising up to a...

adyscorpius Updated 

So I joined Trading View at a time when the Crypto space was bleeding. And then over the last 3 months, I've been patiently holding fiat, entering some swing trades and scalps, but not yet comfortable to enter longer term positions or HODL. It has been a strategy that seems to have paid off. Am I going long term in to any coins anytime soon? Not yet. Here's my...

adyscorpius Updated 

Etheruem's has been holding well while bitcoin took the beating. But today's drop seems to suggest otherwise. While a lot of people were expecting ETH/BTC to shoot up to 0.15, Ethereum faces major challenges with other altcoin DAPP platforms maturing and moving to their own mainnets. Case in point, TRX and EOS. EOS and TRX have been holding well, while the older...

adyscorpius

The recent bull rally (or whatever little run it was), has been slowly creating enough FOMO in the retail investors, especially with the altcoin season bringing lots of old bags up to break even, some even profitable. However, the market seems to have lost steam. If you look at the daily chart, we're already showing signs of bull exhaustion. There is a bearish...

adyscorpius

LTC is forming a beautiful bullish flag and the MACD EMAs just crossed over... Its probably time to break out anytime soon...

adyscorpius

Ethereum looks to be following the bearish channel very accurately. If it bottoms out at the EMA100 resistance, converting it to support, we can expext ETH to reach $1200-$1400 levels... If however, it doesn't find support, it could come down to $400-500 levels...