Nothing goes up in a straight line... Not with these charts. When prices are going down, we see bounces, green candles, fake moves, recoveries... Then continues the drop... As prices move up, the same is true... We have red days, drops, retraces and then the growth is resumed. We trade but we also read charts. For me, I have to focus on the reading, this is...
We are looking at the hidden bullish divergence between MFTBTC and the MACD. First, here is the MACD, notice the purple line (lower lows). - There is also a young bullish cross and the histogram going green. Now, look at MFTBTC, notice the purple line (higher lows). Can you see it? That's the signal. Note: Spotting certain bullish signals have no real...
The bias on the chart above can be seen clearly... Prices continue to aim higher. The market moves in cycles... The pairs move in cycles/waves... We always have up and down, up and down... In between cycles, we have consolidation and distribution periods. After the strong bullish wave that took place for LUNABTC, we have a classic strong correction... This is...
Here is a very simple signal that I like and enjoy... When you see MA200 dropping fast down but prices move above, this is a signal that the next move will be up. Keep in mind that is recommended to look for multiple signals to support your bias... One signal can be good/strong but in my opinion is never enough. Also, make sure to build a plan before you...
Patience is key... Is true. For many, a month is a very long time to wait, especially when you are just getting started. If you are not trading or you incur a loss, it is not that long to wait 30 days plus to earn 83%... It is worst to lose small amounts over and over by changing trades... See it below That's how our IOSTBTC trade looks after just 40 days......
We got Fantom (FTMBTC) since early and we also have the full trade, shared below, with over 66% of profits... What will happen next? First, here is the full trade signal shared back on April 12: What we do now is that we sell a portion at each target to secure/collect profits. We do not buy when the prices/trade is already moving (FOMO), you can do so if...
By the request of one of our followers, here we have the distric0x (DNTBTC) chart. There are always multiple scenarios that can play out at any time, it is hard to guess/predict exactly when or where each candle will close. Instead of trying to predict exactly when or where the price/value of a pair will be, I rather and try and predict the levels where the...
Everybody is always talking about the "Cup & Handle" pattern... But what about the cup without the handle? When you see this "cup" pattern, this is mainly a bullish signal. This pattern normally leads to one of two major outcomes, as follows: 1) Straight up. When the 'baseline' of the cup is broken, prices can go straight up. 2) Retrace then jump. To complete...
Here we have a "V Bottom" pattern for Status (SNTBTC), this can signal that a low is in and prices can resume or reverse up. Here you can see prices breaking below MA200 (black line) to form the v bottom, and later moving back above this level. I also marked the main strong support and resistance levels. Feel free to hit LIKE for more. Namaste.
This is how I see Eidoo (EDOBTC) easily printing over 150% in growth. First, EMA100 needs to be conquered. The last low is a "fake breakdown". Meaning, prices only broke below support to hunt for stop-loss and remove weak hands. We know this since we can see many altcoins breakdown just to quickly move back up with massive force and strength... Daily, the...
Ripple used to get a lot of bad rep. from us cryptocurrency lovers... You know, the whole centralized stuff... Well, now the feeling is completely different, Ripple has become part of the market and we take it for what it is... Another altcoin that can be traded for profits for those who have the knowledge, patience, and experience to do so. I also believe that...
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...
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 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...