syedmuneebali

syedmuneebali

I have published the idea before showing this huge daily falling wedge out of which BTC did break out and retested the resistance as support but was unable to break the previous local high of $51500 which is one of the last and most important bullish confirmations of the trend. Blue sloping support shows the weekly symmetrical triangle that is now broken by the...

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Here is the simple head and shoulders pattern that was forming in a 4h timeframe. We know that the head and shoulders pattern is a trend reversal pattern, so after the massive pump from $45k regions to $52k, the price got rejected while the indicators were giving a call for correction. The targets for this pattern have been completed and Bitcoin is on the most...

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Bitcoin: - Supported from Weekly, Daily & 4 hourly Symmetrical Triangle's Support. Now, getting resistance from $49700 is daily wedge resistance. S/R levels are marked on the chart from where the price can get the rejection. I'll look at $49700, $53000, and $60000 personally as strong levels. Divergence: Bullish Divergences (Higher highs in RSI while Lower...

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This is the chart of ETHBTC that somehow shows the strength of one across the other. Right now, there is the formation of Cup and Handle Pattern in weekly timeframe that indicates that Ethereum is about to take over Bitcoin and will lead the market trend. Do you know what this actually means? This means that the Altcoins boom seems to be around the...

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I posted an idea a few days ago where I was explaining the types of divergences in the financial markets and how bullish and bearish divergences have played in the past Bitcoin Price Action. If you have noticed in that idea, I had also drawn an ascending channel that Bitcoin seems to follow in the recent months after the restart of the bull run. I have told...

syedmuneebali

Hey Bitcoiners! There is a Bullish Divergence in Bitcoin 4h chart! What does Bullish Divergence means? When the RSI is in uptrend while the price of the asset moves in downtrend, bullish divergence forms that shows that the price of the asset is UNVALUED currently and buyers are ready to buy! Want to know more about Divergences? Here is the idea: Muneeb

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This is a quick demonstration of Divergences that can appear in the price action. Divergences are termed as the condition when the price action of the asset becomes asymmetrical to the RSI of the price action. In simple words, RSI shows the Relative Strength of the asset and if the RSI 'the strength' is not aligning with the price action, then we should be...

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In the previous idea, I have shared with you guys the head and shoulders pattern which really worked and we successfully hit the price targets. Now, after a bigger symmetrical triangle breakout, we have faced resistance at $69000 in BTC after which we have retraced to the previous strong resistance (which is now supported). A small falling wedge pattern can...

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EGLD is getting itself ready for a new flight! Ascending Triangle is formed and I'm expecting a 50% move. What's the long-term of EGLD? Here is the analysis I posted earlier: Muneeb

syedmuneebali

I have found the Inverse Head & Shoulders pattern in Bitcoin Chart which is a bullish biased pattern. BUT... yes, there is a "but". We need to wait for the neckline to break and successfully retest. You can also check the falling wedge in BTC chart that has broken and retested. But we are waiting for the price to surpass the previous high to go to the targets...

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Although BTC Head and Shoulders Pattern I posted yesterday was valid but BTC got a support from $58200 and now broke back up the $60000 neckline. If this 4h candle closes above the neckline i.e. $60000, this falling wedge pattern can play out. Keep in mind that this pattern haven't broke out which means that we need to wait for the breakout to go long with...

syedmuneebali

On 4h Timeframe, Bitcoin is forming a head and shoulders pattern with the neckline on around $60,000 (which is a strong weekly support) and the target is another major weekly/daily support of around $52900. In short, $60,000 is important level. If we close below this level and have a successful bearish retest, this Head and Shoulders pattern can come into play. Muneeb

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EGLD is nicely following an upward channel that can hint us the next targets for this coin in long term up to about $4000. Do Dollar-cost averaging and buy this coin. Muneeb

syedmuneebali

So, if you have been following my ideas on TradingView, you'll know that I have published an idea showing the potential moves for BTC in the short term and you can see that BTC price action broke out and started its upward momentum, crossing the $50k mark! Currently, although BTC sell-off was started before the weekly candle closing but immediate buying pressure...

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Currently, Bitcoin has been ranging from quite a few days which shows the 'confusion' or strong 'thug of war' between the bulls and the bears. Technically, BTC has tested the support level of around 40-42k$ multiple times which is the sign that despite of this zone being a "demand zone", it is getting exhausted and we need see it break down as there is fear in...

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So, the decreasing volume in BTC Daily Chart, RSI having bearish divergence played REALLY FAST but we have the major support levels marked. Here is the detailed analysis of BTC I did on August 21, 2021: Also in this chart below: We can see a broadening wedge type of pattern which is neutral pattern but we see where the wedge breaks out. In this...

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As I have stated some major resistance levels for BTCUSD which are also supported by the volume in my previous analysis, Bitcoin seems to get rejections multiple times from the 50-51k level. For now, Bitcoin is forming a descending triangle which usually breaks down. $49600 is a strong support breaking and retesting of which can make BTC bearish atleast for...

syedmuneebali Updated 

Found another Head and Shoulders pattern on 4h this time! If we got a 4h close below the neckline i.e. around $47000, we can see the price at $46600 which is 100 Exponential Moving Average in 4h timeframe. I am expecting a price pullback from this level to retest the neckline of Heads and Shoulders. If the retest is done successfully, on breaking the previous...