cankarako

cankarako Oct 29, 2022

BTC/SPX Fist evidances of a breakout? This chart failed to make a HH & looks like a classical buble chart. HV is very low. A trend changing impulse is iminant. Rsi has bull div & broke out of trendline. Price made a lower low to take liqudity from downside but failed to fallow If we don't get a close bellow 19.5k there is a high probibility we will go up fast. I...

cankarako Updated  Sep 25, 2020

USD TRY shouldn't close today above 7.1 for a lot of technical reasons I cannot possibly mention here. Let me just say that there should be a ton of resistance there. Right now it is surprisingly holding very close to the top. If it doesn't close and spends a few days in this area the possibility's become increasingly bullish. In the event that it closes above...

cankarako Nov 20, 2019

Fist higher high since a very long time on weekly. Downtrend resistance line broken on Liner chart. Rsi has Bullish divergence on daily. I'm using last week's low as a stop loss. (%10) Targets are mentioned on the chart. First one is +%60 of the current price.

cankarako Updated  Nov 18, 2019

I know the chart looks like crap. It highlights the important levels nevertheless. The market is clearly bullish. Look at the moving averages. You can see how well the moving averages and fibs work as support and resistance. Buying at the levels highlighted is a great idea to hold for the long term. This will only be invalidated if we make closes below 200 week...

cankarako Updated  Jun 27, 2019

I belive we will reach 9-10K before reversal. I'm completely netural in this market. Low might be in or it may not be. However we will defenetly test at least 6.2K more probably below 5k to 4.2 area. Buying here or at 9-10k is plain stupid in my opinion. Just take a breath and wait. No bear market ends with parabolic moves up and no corrections.

cankarako May 17, 2019

Even tough I could shorted BTC here at 0.618 fib + trendline from forever I didn't because it was going parabolic and my Mex account is mostly Flat. I will however short if all things line up at 0.5 retrenchment from the huge bull-run we had since forever. You will see in this chart that a lot of things line up there and there is huge resistance.

cankarako Updated  May 17, 2019

This is simply the most powerful shit. Just zoom in and check the levels see by yourself. How this pitchfork works is amazing. In the next couple of weeks we will see whether BTC is bearish or bullish. This is no joke.

cankarako Updated  May 16, 2019

There is no Target here. If we break that channel up with good volume, we may not go down to retest. If we keep on going down I'll take a huge loss. Ada USD broke above the downward channel yesterday. There is no reason why Ada btc can't do the same. When btc slows down (I think soon) some of these alts will pump very hard. My bet is on Ada. My latest idea on...

cankarako Updated  May 9, 2019

I closed my last trade on Ada with %60 profit and shared it here. I could have shorted but I chose short LTC instead. Now time is getting close to fill my bags for the next wave. I believe that trend line will hold. I believe hype on Ada has not ended yet. Take it as you will and good luck.

cankarako Updated  Apr 11, 2019

Rsi has bearish divergence. My account is flat right now. If we have a bullish breakout I will short. If Rsi situation doesn't change. Also Short are very low longs are high. I believe a false breakout will happen to trap the bulls.

cankarako Updated  Mar 11, 2019

Breaking the 200 day moving average with that trend line will mean 50 day MA going above 200 MA as well. We will have multiple bullish signs if that where to happen. 2x returns will be easy without leverage if this happens in my opinion. Keep an eye.

cankarako Feb 27, 2019

Go Pro breaking the downtrend channel it has been in for a long time. Goes down to retest it. Rsi is signalling bullish divergence while TD sequential is giving a 9 reversal. %50 profit after a few weeks. 3 different types of analysis all signaling trend change (price, momentum, time) it just works. I sadly missed this one. But good job to all those who noticed...

cankarako Dec 27, 2018

Trendlines make more sense on linear chart recently for bitcoin. I never trade chart patterns like this... They never work... Unless they are really clear, solid and obvious. This one looks like a clear inverted H&S to me so it is tradeable. I don't think we will reach as High as the target I mentioned above. But I think we can get as high as 4.800. Safe bet...

cankarako Updated  Nov 29, 2018

Bear Trend has not ended. Shorttearm corrections will happen. I expect recent pullback to go on. However non of these will take us above 7k. The Low is probably not in. This is a very possible scenario I will keep an eye on.

cankarako Updated  Nov 28, 2018

We are making closes above the cloud on 45min and 1hour Charts. 2Hour chart is making closes inside the cloud. These are for the first time since we drooped from 6.2k. Volume is supporting. Shorts are over leveraged. I closed all my shorts at 4K. Suggest you do the same. We will go at least to 4.5k but more likely to 5k and maybe to 6k.

cankarako Updated  Nov 28, 2018

Chart says it all

cankarako Updated  Nov 28, 2018

Picture is clear for me now. We need a decent pump from a low price range. 3K looks ideal right now. After that we will decide whether btc is going to change its trend or continue going down. There is going to be a huge resistance from years long trend line support... I don't thing we can break that in a second. If we keep going down 1.3K is a HUGE support. You...

cankarako Updated  Nov 27, 2018

Take a look at the daily cloud. It has been giving strong sell signals since 13k. Right now base line of the cloud is flat at 7.1k. This means strong ressistance. What is worse is top of the cloud is also flat at 7.8. Flatter than it has ever been since 20k. (Flatter the cloud stronger the resistance is) Not only we haven't managed to break above the cloud...