For those of you trading crypto its worth noting that Bitcoin versus US dollar has formed a bearish engulfing on the daily and is forming consecutive lower highs on lower volumes pointing to a break lower.
Its no surprise to see that it is in over bought levels on both RSI and stochastic but coupled with collapsing volumes at these resistance...
While the price is above the support 162.650, beginning of uptrend is expected.
We make sure when the resistance at 264.800 breaks.
If the support at 162.650 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the RSI support #1 at 44 is not broken, the probability of price decrease would be too...
This is not financial advice and each trader is responsible for their own losses.
Profit targets for this trade will depend on whether this develops into an ending 5th wave diagonal or just an ABC. An ending 5th will lead to a lower profit target and an ABC will result in a higher target. For the ABC scenario, I would take the fibonacci retracement of yellow wave...
What are everyone's thoughts on this breakout of the wedge formation? further bullish movement expected next week? will it rocket?
Will the big players manipulate the market soon to push price higher to make people buy into the rush again just so they can then pull all there money out and make the market dump again ( like last time ) making the rich richer and...
We can see a lovely resistance level that has been respected ( green line ) off this recent bounce we have seen a lovely bearish run today forcing price down to our support/resistance zone ( green box ) where we are expecting a lot of buying power to come into play and make a lovely bullish run.
The reasoning behind this was explained in our latest BTC post on...
I thought I would give you guys a little money making opportunity if you missed out before yesterday, no worries.
First trade opportunity: buy at 0.315 and sell at 0.324, which is 2.8% profit. Next target, 0.341.
Second trade opportunity: buy at 0.305 and sell at 0.315, which is 3.2% profit. Next target, 0.324
In both cases, you want to sell a part of your...
I think the support level that price is currently sitting at is too strong to be broke, price is also at a trend line it has been using as resistance for a while, with these 2 factors I can see price breaking the trend line and moving up to our TP zone ( green box ) this is providing we can break recent daily highs.
We ae long on XRP but we will be keeping a...
Price has stayed in between the 1.0 and 0.618 area the likelihood of a drop to 1.618 fib level is high
A man must believe in himself and his judgment if he expects to make a living at this game. That is why I don’t believe in tips.
of course, it's not financial advice you are 100% in charge of your decisions
Bitcoin has recorded 2 times of under 30 RSI in weekly charts in its history.
In those 2 times it never closed in weekly chart below the opening of the week which the RSI recovered and signaled green to buy.
So we are in a full year of side way moves but the probability of price going under 3200 is pretty low. it might get there in hourly charts but consider it...
Predictions in the crypto market are not easy, how ever you need have the right balance between the logic and your gut, with putting aside all of your emotions. I believe the market will soon fall to this region.
But that is not all, I'll see later on but I believe XRP will go to 0,15 USD before we see our real next bull run !
After a lot of waiting, the market has made us the favor of meeting our expectations. How ever this is still not amazing movement, I am expecting a little big of stagnation at this level, we could maybe retest the 0,315 support, before we head up into our next region which is 0,31900 / 0,32150, this is where I will sell a major part of my position. As I do see the...
On LTC/USD we have reversal pattern (inverted SHS) which has been broken (neck line) and getting ready to climb higher. At the moment pair is breathing to the strong trend lines back (thich grey line). Until the price is above 35.77 is bullish until price will reach bearish Block where the pair can face a strugle. If price will manage to break and stay above we...