Just an easy look. 2 Trend lines. a Bullish candle on bottom of upward trend. Buy high, Sell Higher.
**Please analyse the chart by yourself and do not trade with my analyse.**
Great news for FET ! After that pullback we've finally closed a candle that breaks above our downward trendline . This looks Bullish -and good to continue up. We will be revisiting that 1550 area again it seems . But will we finally break through it ? It will be our 3rd time now to hit that resistance there . Will we break through it this time ? 3rd time's a charm...
Reasons to sell
Strong resistance level at $1.90 - $2.00 currently being rejected once again with a 4th touch.
Looks like there was a fake-out move around the 23rd-24th March with price breaking out of the strong resistance level previously mentioned.
Weekend (saturday) and nearing end of monthly candle closure where a correction usually happens
Reasons to...
Litecoin looks almost identical to Ethereum,its at the up trendline with a bullish engulfing candlestick formation.
go back to my ETHUSD post to see more in depth why I like this setup
I am back friends ;)
I want to share my opinion ,
BTC oversold.
Trens still bullish.
Probably inversion candle to new high !!
Stay tuned much more ideas coming soon ;)
Share with friends trader and follow me ;)
As described on the previous idea Bitcoin has hitted a strong support level.
Here is a example what it would of been a great entry.
On the 1 hour TF the market had given us a Bullish Engulfing candlestick formation with a increase in volume and after that the market went up.
Alway wait for the right entry.
Here it was:
1) Bullish Candlestick Formation
2)...
