Big bullish candle marked on chart created very strong support which is nicely respected by market. In my opinion pair is going towards psychological round number which in this case is 10k. It is very common that big bullish or bearish candles are creating support/resistance level at : 1. top of body 2. bottom of body 3. 50% of retracement from top to bottom of...
There are many interesting formations on this chart. First of all is double bottom where pair reached 0.00100000 in March this year and October 2015. It is clearly visible on weekly chart. We have upside down head and shoulders formation created from doji candles (it’s look better on hourly chart) . Rounded bottom (marked with blue curved line) . Pair is trading...
It is update for the previous idea regards this pair. I was expecting that the pair will do strong move up so that's why I set tight SL. Pair is trading below solid support/resistance area. I would re-enter at the market with new SL an TP. Cup and candle formation is used to determine the best place to set SL. This pair is very bullish in my opinion. It would be...
I was checking this pair after I opened long position. Monday opening was interesting(GAP). I'm aware that correlation with EURUSD had big role here. Honestly I was expecting that the pair will go down to test GAP and will go straight to reach my TP. Between 7530 and 7555 there are combined two GAPS as well which should hold losses plus 7500 as the strong...
This is update to my previous Idea regards BTC. Based on this chart I assume that 1000$ mark was defended and strong bullish trend should continue for some more time. BTC is making new highest highs while I'm posting this Idea(well at least on this chart). I strongly believe that the BTC will hit 1700 1800$ mark some time in the future. I also believe that 3000$...
Pair recently tested psychological round number which is 5k. I marked with three orange ticks something similar to triple bottom. I believe that after third attempt has been rejected by market there is good chance that pair will continue bullish trend and will try to reach another significant level which is 0.007400.
There was strong movement at the end of January. Fibonacci retracement was reached at 14.60% which is actually important level. Pair created triple bottom and then moved up again. GAP created on October 2016 stopped all gains twice (purple ticks) which is telling us that market recognized this level as the strong support/resistance area. Recently pair managed to...
Triple bottom marked (three orange ticks) combined with GAPS (black parallel lines) above psychological level created very solid support. In my opinion it is good idea to wait for the pair to go close to the 0.0020000. I would look for 0.0062000 area as the good TP but there is a chance that 0.0050000 will most likely bring some interesting price action. I...
09th of March pair finally moved north after third rejection of strong support (three orange ticks) . Support is based on the Gap from beginning of June 2016. Pair is moving in range between 0.001500 and 0.0090000. I marked with two black parallel lines GAP which should hold further losses. This place is also very good entry point with SL set just below 0.008500...
23 we can see nice GAP combined with nice doji candle holds losses and pushed pair higher. Major support/resistance area with psychological number 50 (range between 50 and 44) was respected by market for a very long time. It was eventually broken by pair and tested twice during last three weeks with negative results (good bullish signal) . 12th of April pair...
This Idea is related to the previous one which is linked. Pair managed to go above psychological level and established nice support there ( doji candle marked with orange tick). I placed on the chart trend line (red) and brown where pair will find strong resistance. In My opinion next level is 0.01776000 and then probably 0.020000. 200 Ema should help ascend....
Losses were stopped by strong support mentioned in previous Idea, at 7500 which also created irregular head and shoulders pattern or triple bottom. This configuration of signals combined with three soldiers pattern on 4H chart makes it quite nice opportunity to enter the market. I marked double bottom from May last year and January this year. What we can see...
It is quick review of recent LTC price movement. It seems to me that LTC created very nice not perfect but still upside-down head and shoulders formation on 4H chart. What is important here this formation is combined with significant round number which is 10$. I marked with orange tick big bullish candle which is good signal for further gains. When big bullish...
Bitcoin is on the rise when I'm posting this idea. Orange ticks marked double bottom formation which is holding pair above this level. As you can see important Fibonacci level 38.2% (combined with round number 3K) was rejected 13th of April. Pair is in consolidation for few weeks. Market is respecting support at 2600 which could be use as the Stop Loss area. It...
When I'm looking on chart I see big potential for big movement some time in future. Pair established solid support between 4 and 6. I would like to see round number like 5 but it is not case here. This support area holds losses for almost 6 months. I don't see any candle formation or any other known to me pattern which I could apply here. I see here potential to...
It is correction to previous chart as the angles were not correct and it looked slightly different as intended. I'm not sure if the angles are changing position as the price changes so I corrected it and let's see if this one will change shape too. It is hard for me to predict where BTC could go in next weeks or months. I tried to apply known to me tech. analyse...
Very energetic movement followed by consolidation with clearly visible double bottom at 000001550(orange ticks). Pair is consolidating within the range between 1550 and 3500 for last two weeks. I believe that level created by double bottom created solid support. It is small chance that pair will bounce from that level creating triple bottom which could move pair...
I posted ETHBTC idea week ago with possible short opportunity. Profits from short were all erased with ease by quick long move. This price movements is suggesting that market found strong resistance in 50% fibo level, creating nice support area. Fibonacci levels, specially 50% level is fairly respected by market since big movement and it is holding pair above it...