BTC is in flat trading in last several days.
H1 chart shows return from 61,8 level of Fibonacci.
It's a good moment to buy some BTC for long term portfolio!
Philadelphia Federal Reserve bank president Patrick Harker said on Wednesday:
"It is “inevitable” that central banks including the U.S. Federal Reserve will start issuing digital currency,
Philadelphia...
A large Cup and Handle is forming and we're half way through the cycle. Waiting again to hit double bottom before a parabolic run to the handle at 5k sats. I last saw it in the q3 of 2017 with btc. XRP is hitting again it's major resistance 22k sats for the third time on the run up. And what happens if a major resistance is being tested for the 3rd time? we will see...
Another red month has passed for the crypto world.
BTC held for over $ 10,000 for a while, but then plummeted to around $ 8,000. Unlike other similar cases, this time around Altcoins performed relatively well against BTC.
The decline in BTC is probably due to unjustified expectations of Bakkt Bitcoin Futures. Many Crypto specialists predicted $ 100,000 BTC when...
The people that make remarkable amounts of money only trade a few times a year, it's called letting the trade come to you. Ok so how is this done? Technical analysis is only a small part (but you must learn TA or have an advisor) 90% of the success comes from discipline. Specifically, it comes from creating a trading strategy and sticking to that strategy no...
In programming, there is a term abbreviated IFTTT (If this then that), Technical Analysis is a lot like that. My Analysis simply is reading the sentiment of buyers and sellers and interpreting it for you with an "If This Then Than" approach. Looking at the 1D timeframe we can see that price has arrived at the thick black line which means support in my charts (the...
Let's keep learning
The 12H is not my favorite timeframe, but the action is happening there at this point. The first step to doing successful TA is to get your trendlines, support and resistance lines right and if you do it will give you the confidence needed to make the important decisions. Also, trendlines serve as a leading and lagging measure. When a...
For a while, I've been educating traders as I do technical analysis for crypto. I've been doing this for a long time and understand the moving patterns of trading is key to making profits and keeping them. I have been giving out signals when to buy and when to sell based on this knowledge. Not sure how many of you are benefiting (Let me know in the comments...
Firstly I would like you to pay attention to the 1st Key Level . It is $10.925 level. Why this level is so important to us? Let’s see.
On the Chart I marked two times when buyers were unable to break out through this level, so it seems that it is a very strong level since 15 August , but there are some factors telling us that this time we will break out...
Hello, traders!
In my previous #BTC analysis I provided information about my next pullback targets at around $10,100 zone when price was at $9,600.
BTC actually managed to slam through that zone and tapped the next important resistance zone $10,800 - $10,900. My #short was at the $10,100 and ofc my SL was hit. I do not worry about that because my Risk Management...
All these predictions are made by Quantitative Analysis Algorithms following short term trends. These Quantitative Analysis Algorithms will calculate maximum correction relative to previous impulses.
Relative to previous bullish impulse we are now in a bearish correction. So algorithm expecting a short term bullish impulse.
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As we have seen Bitcoin reacted to the resistance and started to come back down.
The question now is to where is it going, where can we start looking for the next buy opportunity.
Let's map it out a little so we know what to wait for,
Thechnichly the market has just hit a missed target which means the market is free to go up now, but in the other hand we are...
GXS showed much strength against BTC, up by almost 11% over the day. Volume soared also, giving momentum to the pair as it bounced off its support, making new highs. After such a rise, we could see some long covering as buyers take their profits, causing some pullback. However, we remain in a strong uptrend and we expect buyers to buy the dips and keep the...
I drew a line in red, it is important because it connects the ending point of wave 1 and wave 3 and respectively there is green line parallel to red line but from ending point of wave 2
These lines are drawn professionally and are not simple channeling lines. So draw it for your self it is going to be a significant line in the future.
Back to elliott, i think we...
