Tonight's trade analysis features a long term trendline starting on the 28th of December at 08:00 . This level was a support-turned-resistance after the previous 25% pullback, much similar to the one we saw in early January of this year in terms of its percentage and general effect on the sentiment of the market.
People are seemingly very shaken by the price...
Google expanding triangle pattern.
Ethereum appears to be making an expanding triangle pattern with it approaching its 3rd low before another impulse up.
Will monitor closely and create a trendline to watch for breakout as an entry requirement.
- UPDATED TREND ANALYSIS -
- DOWNTREND POSSIBLE RETRACTION TO $1000 OR LESS -
- COULD BREAK UPWARDS TRENDLINE AS WELL BUT NEVER KNOW IN THESE TIMES -
- ATH: $2036.55
- TP AND SL AS ALWAYS -
So I got stopped out of my previous short trade on BTC, Previously I mentioned that we could bounce strongly from the 30K, then we formed a mirror pattern and I said again we will bounce strongly from here. After we shot up close to weekly bearish candlesticks and 40k resistance I took a short (a little premature in hindsight) but it is what it is.
Now the...
Here, similar to the ETH chart but a bit, we are in the bottom range, and very bottom of that range
If we start reclaiming these range line/SR's we should be able to push on in the higher range, and the weekly chart setup I posted a month ago or so might finally play out.
$LTC is essentially a better version of $BTC in terms of transaction speed, fees etc. but not...
I got stopped out of my last trade as mentioned in my latest video coming out today. We appear now to be in an ascending channel and MANY retail investors have jumped in but like I said this could easily crash and take out retail trader stop losses below those latest swing lows. I am not buying here, I am waiting lower for a longer term positional buy because also...
I've been keeping an eye on ANT (Aragon) this year, it is creating a floor around the 3-4 dollar range. Now would be a great time to get in because this Altcoin has the potential to do at LEAST 10X in my opinion over the next couple of years.
Here is an in-depth analysis of what to expect for bitcoins run up in to the end of 2020. Using Backtested Extrapolations of very key points in Bitcoins recent history I have been able to define a path way of which bitcoin has been following thus far to a "T".
Being that the bull runs will become more elongated each time we have one, we are looking at a double...
Trade Idea - We look to Buy at 9.9650
Broken out of the wedge formation to the upside.
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing.
After strong buying pressure at the start of the week the pair consolidated yesterday with little net change and all price action within the upper half...
ChainLink - We look to Buy at 2.5000
Short term bias is bullish.
Price continues to trade within the triangle formation.
Bespoke support is located at 2.5000.
Further upside is expected although we prefer to set longs at our bespoke support levels at 2.5000, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
Stop: 2.3400
Target 1:...
Trading within a Corrective Channel formation.
The medium term bias remains bearish.
A break of 0.03720 is needed to confirm follow through negative momentum.
The formation has a measured move target of 0.01644.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 0.03720, which will confirm the bearish...
