The "ascending triangle" is a continuation pattern and bullish in nature. Here can see where the Streamr DATAcoin chart (DATABTC) printed a perfect ascending triangle that produced a bullish breakout. When you see this pattern, the bulls are in favor. Namaste.
TCTBTC (TokenClub Token) just printed a fake breakdown and we are safe thanks to our manual stop-loss. The entire cryptocurrency market had a strong drop, a correction, that is starting to settle and everything is going back to normal. We call it a "fake breakdown" because prices went below support just to quickly move back above it... So this is only a market...
When charting (TA), we look at multiple timeframes and each timeframe has its own meaning and tendencies. Bitcoin (XBTUSD) can look bullish short-term, 1H timeframe while looking bearish long-term, weekly (W) timeframe, as an example. Charts are always changing... This is something to keep in mind. The 1H (short-term) chart can look bullish and strong at one...
We know many of you are really interested in the smaller altcoins... The altcoins market continues to grow stronger and in bullish potential, here is what will happen next. Now, before we get started, it is always necessary to make this small but very important distinction when we talk about Altcoins. Conventional analysts here talk about Bitcoin and...
STORMBTC (Storm) is now moving above resistance after breaking out of a falling wedge... Another winner in the making. With the altcoins market as it is, these signals that we've been looking at become really strong. In order to maximize profits, look for the bottomed out pairs, buy around support, wait patiently and sell once prices hit the targets/resistance...
GASBTC is starting to fly and we have really good volume coming in... Let's take a quick look at the volume indicator. We usually mention volume as a very important signal/indicator when it comes to TA. Any move that happens we always look for volume for confirmation. Good volume is good for the bulls we always read/say. Recently the market cycle changed from...
Here we have a different chart... This EOS chart threw me off, it was hard to read at first as it is a completely new chart for me. You see, these numbers and laters on the screen /"pairs", Altcoins or whatever they are, all basically move in exactly the same way with just a few variations. We have bots/algorithms controlling different parts of the movements and...
Here I have another chart for you and I will go into detail on the meaning of the different things I draw on the chart. The small and red/green arrows are always on my charts... What do they mean? Our main tool for chart reading/technical analysis is called "candlestick reading" and even though I don't mention much the different conventional names for the...
Qtum (QTUMBTC) just broke above EMA100 on massive volume... This volume is much higher than average. You can see the volume bars/indicators right below the candlesticks on the chart above. This has to be the best indicator of all... Big volume GREEN = Bullish. Big volume RED = Bearish. Here we have a really big green volume to move up and break above...
Perlin (PERLBTC) made a move yesterday and managed to close above EMA10, which is a bullish signal... Today, a big rejection is in play as well as a big bear volume bar so we need to be careful as there can be additional fall. A new All-Time Low (ATL) was hit recently, this will be the main support (bold red line). Keeping it simple 1) If the main support...
Beam (BEAMBTC) hit a new low just yesterday and is now having a strong bounce... Looking at it closely, this can turn into more and additional growth can happen. I've marked multiple resistance levels based on Fibonacci proportions on the chart. I think it will move up and then start to retrace only to continue growing after this retrace. This can all develop...
You know what I always say right? PATIENCE IS KEY! The first lesson I learned while buying and selling cryptocurrency. Early on getting started, making an unlimited amount of mistakes and losing money, after a few months (years) of doing it wrong, I realized that just waiting would have been a million times better than buying and selling with no idea of how...
This is a new Binance Add (Perlin ) Perlin is a leaderless, highly scalable, PoS smart contract platform with a mission to power the future of decentralized technologies and accelerates the transformation of international trade to a purely digital, autonomous industry. Wavelet (Perlin's ledger) is a highly scalable, PoS smart contract platform that achieves...
Celer Network (CELRBTC) is now showing a classic "Bull Flag". This is a very common pattern and tends to lead to a breakout to the upside. This pattern can become invalid, so it is only a possibility. We can use this pattern together with other signals in order to try and predict what might come next for this or any other asset. Thanks a lot for your continued...
OmiseGo (OMG) Overview OmiseGO (OMG) is a public Ethereum-based financial technology for use in mainstream digital wallets. OmiseGo enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and...
Everex (EVXBTC) is looking bullish on the chart, a solid altcoins project. Let's take a quick look at the fundamentals before starting with the chart. Everex (EVX) Overview OPENING BORDERS FOR SMALL AND MEDIUM SIZED BUSINESS The Everex global payment service enables small and medium-sized business to safely access the world’s markets at costs previously...
I've been warning my dear followers and cryptocurrency lovers about the S&P 500 Index crash for a long time. For conventional minds, it is really hard to grasp the fact that the SPX will crash massively and become ugly due to all the lies and hype spread through the conventional media news systems, but charts do not lie. Reading charts is like looking at a...
The British Pound has been challenging strong resistance with increasing volume. Looking at the chart long term, weekly time frame, I am getting signals telling me that it might move up against the U.S. Dollar, here is why: Now trading above EMA10 and EMA50. Hitting higher lows since October 2018. Increasing bullish volume. Bullish RSI. MACD trending...