ammypatt1987

ammypatt1987

Hello everyone; We saw nice drop in BTC price yesterday, however bears still need lot of strength to show any confirm signs for the next big bearish move. Bull status: Yesterday bulls managed to absorb the blows from bears and held BTC above not only 21EMA Daily but also 10SMA Daily (This is a pretty good signs of bullish strength). Bulls also got the SMA Daily...

ammypatt1987

Hello Everyone, Here we have BTC Daily chart, and looks like BTC still holding above the Daily 21EMA, this is the key pivot for me to make my bias. As BTC still holding above it, I will keep my bullish bias as is. Another important thing to note here is that the 55EMA on daily is starting to flat line, and by looks of it we could see Daily Golden cross negated if...

ammypatt1987

Hello Everyone, ETH has been on a very nice run, since its bottom at ~90$ it moved to 197$ with ~120% move up. Now the question is whether this move is over or we could see more upside in ETH ? I believe there is more upside to come ' IF ' ETH manages to play good with this 2 key levels. This will not only help ETH PA but this could also help whole crypto...

ammypatt1987

Hello Everyone, Making a post after quite some time. I have been spending more time in my Disc group and we have been trading there with very nice gains. Feel free to check the link below. To start with the TA updates, At the time of writing BTC is trading within the Golden Fib pocket with 7800 as resistance and 7184 as a possible support level. I am waiting to...

ammypatt1987

Hello Everyone, I hope you all are doing well during this corona pandemic and volatile markets. In this post I want to bring your attention to the prediction/ forecast 2020 I had published on 2 Jan 2020. In this post I predicted that BTC will most likely drop to 4400-5200 before 15 April 2020, The Fib circle, Fib time projections and pitchfork I used to make...

ammypatt1987

Hello All, Quickly wanted to point out that LTC is trading in its golden pocket zone. If it breaks below this pocket then we have next support at around ~60$ and ~50$, but but but... if it holds this support today then we might have golden buying opportunity here. Next couple days will be very important including today, LTC should close above 65$ for this...

ammypatt1987

Hello All, Couple days back in my updates I mentioned that BTC will most likely head back to 8800 zone. (If you have not seen that here is the link ) I do believe that PA we saw today has initiated those targets (9100-8800 zone). Not only that we have almost perfect looking H&S pattern on CME Daily chart which has targeted move in similar lower area (8250-8000...

ammypatt1987 Updated 

Hello All, Here is what I think most likely to happen in coming days. We do have Golden cross on Direction Trade Indicator daily and we know all these major crosses always get a re-test (similar is true for other cross like EMA and SMA crosses). As you see in the chart, I have my most probable re-test zone plotted out, I have my spot orders and leverage long...

ammypatt1987 Updated 

Hello All, This will be another quick one. If some of you guys remember, we called the exact BTC top @10200 well in advance from some basic chart analysis. We did play several short scalps and longs in my disc. group. So what next: > Today's drop got BTC below the upper trend line again and as of now One 4hr candle has confirmed the resistance at this line....

ammypatt1987 Updated 

Hello All, Just quick update, I saw this expanding formation on BTC chart which I wanted to share with you guys. This also can be considered as a Expanding Top which is a bullish pattern buy for now I am considering this as a neutral formation. If BTC holds above 9145 then I will be targeting the high of 9623 and if BTC manages to break above that then the final...

ammypatt1987

Hello All, This will be quick update on LTC. Looking at Daily chart I noticed an expanding bottoming pattern on LTC chart which we had been seen in the past (highlighted in blue box and illustrated above in white). We have seen LTC break out from this pattern and then fall back to retest the top trend line as a support. Once the support is confirmed LTC had a...

ammypatt1987

Hello, We all have been enjoying this bull move on BTC and other Alts, in this TA I would like to discuss about whether BTC is ready to reverse. I think most likely, Yes. Here are my arguments for BTC reversal (I wrote this article bit earlier from the Daily close, so there will be some minor differences); Confirmed Bearish Div: As seen from these charts we can...

ammypatt1987

Hello, As I mentioned in my yesterdays TA, we saw BTC break above the bullish pattern (bull pennant/ bull flag) on Daily chart. The rough target estimate for this pattern is in the zone of 9200±50 $. This zone is also coincides perfectly with the 0.382Fib level as well as resistance from the previous top (arrows). Also to mention, with this pump BTC has broken...

ammypatt1987

Hello, For Today's TA we start with 6H chart, here we can see that BTC has been trading within the fib circle I have from my forecast 2020 TA. After that small pump in early January, this sideways PA is now starting to look more like the side ways PA we saw after Nov2019 pump. On the 1D chart we still have bull flag/ bull pennant like pattern, which is valid...

ammypatt1987

Hello All, In this post I would like to point out some key similarities I saw on BTC chart with old PA from July 2018 (top of 8500). 1) Similar chart patterns: On 3D BTC chart, in july 2018 we saw very nice Inv-H&S formation which broke up taking BTC to 8500. This pattern also formed near Golden Fib Pocket (highlighted with golden lines). We have exact similar...

ammypatt1987

Hello All, For the very first time I am trying to make a projection on BTC PA for 2020 and onwards. There are some tools which allow us to make such projections like, 1)Pitchforks, 2)Fib circles and 3) Fib time zones. I am not an expert in these tools, so please do not consider this as any sort of financial advice, this just for educational purpose. Using...

ammypatt1987

Hello All, I recently presented the bullish outlook I saw on BTC chart. The bullish div we saw on Daily BTC has paid up with nice 600$ pump.´ TrendMaker perfectly called this pump with whale volume indicator, In this short post I would like to continue on that idea, Bull argumetns; 1. BTC held its long term Bullish trend line (Pumped after a Fake out), 2....

ammypatt1987

Hello All, I posted couple days back to show you the major bullish trend line BTC was following and we saw very nice break down from this level which was quickly bought back up. This lead to ~1000$ pump with pretty good volume. Unless BTC breaks below this line again, I am considering this as a Fake Out. This 'fake outs' can be very powerful signals for the...