polock

polock

Luna has broken and then retested to retake the bear flag unsucessfully. The trade offers great risk-reward. Short around 93.5 and targeting the 88 level. Stop-loss invalidates the idea if hourly closes above 94.5.

polock Updated 

BTC has been drawing lower highs and lower lows for the past few days suggesting the presence of a bear market. Furthermore, the coin appears to be drawing a large bearish bat pattern. The RSI is also largely overbought. In my opinion, the coin has just pumped to take out stop-loss from short traders. I expect a continuation from the downward weekly momentum and...

polock

BTC has retested the highs of its preceding trendline with low volume and little conviction. The charts seem to say that we are likely arriving at the end of the second decending elliot wave pattern with perfect retracement of fibonacci retracement level of 78.6% since last low. I would be careful with btc price movement as of now as long as the coin does not...

polock Updated 

ADA is looking toppy at the moment. BTC dominance is at ATL at about 40%. The whole market is looking reading to go back down with BTC dominance going back up. ADA is currently forming a bear flag on the 4 hours time frame. When BTC will break down, ADA will go down with it as will the rest of the market Trade idea is to short ADA in the 2.7 to 2.9 range with...

polock

Bitcoin is displaying an ABCD harmonic pattern on the daily. This gives rise to a potential short opportunity. mk0frxecom4dckn3vun7.kinstacdn.com The idea is to short bitcoin above 7500 with stoploss just above 7800. Targets are 7200, 6800 and 6200. This idea gives a risk-reward ratio of over 4.

polock

I expect bitcoin to fall back into its previous descending channel. Short btc from level 6900 to 7000 with stoploss placed above 7100. Target are the 6200-6300 zones. This trades offers high risk-rewards ratio of above 4. Confirmation of the set-up would be on breakdown of the bear flag pattern below the 6800 with close of the 4 hours.

polock

A cypher and a possible head and shoulder pattern seems to be drawing out on BTC. Be ready to short in the 7150 - 7200 range. Stop loss placed above 7300. Target is in the 6800 zone with additional downside potential.

polock

The market clearly doesn't seem to have recovered and will take several month to start another bull run. The volume is still low and the potential action is on the downside. The price action of BTC seems stuck in a descending bull flag. Best thing is to do now is wait to buy and play the rebound for maximum profit. Likely rebound at 5k and 3k.

polock Updated 

A clear trend is appearing and is bringing us back to our old descending resistance from the 20k and the famous 10k levels. A breach of the resistance above those levels would mean the end of the correction for bitcoin and the cryptocurrency market: stay updated. Long entry: 8.5k to 9k Target: 10k Stop loss: 7.95k

polock Updated 

Bitcoin has rebounded sharply from the 7500 levels. Buying volume has overpassed selling volume on the hourly. The steep short-term downwards trendlines has also been broken. Rebound around the 10k level is quite likely. We will then see if bitcoin can manage to overcome those levels and go back to its new all time high. Consider entering a long position now.

polock Updated 

Volume is declining, no real bounce off any resistance. Expect some further downtrend . Breaking above resistance and increase in volume would invalidate the scenario and if so go long.

polock Updated 

Bitcoin has been forming a wedge for the past few days. The breakout is imminent and expected in the next 3 days. We should then arrive either to the 8k levels or to the 14k levels. Green box indicate buy zone whiles red box indicates sell zones

polock

Ripple has been consolidating on the 1.15 $ support and has just broken the long downtrend resistance that it was facing. Now is a good buy opportunity . Take profit at the fibonacci levels described on the chart.

polock

Good chance that the resistance will be breached at 11.5k . Buy zones are indicated by green squares. If the wedge breaks downwards expect a fall to around 8k.