AbdorhmanThi

AbdorhmanThi

USDCAD opened the week with a gap. This is an indication of more downside, especially since we saw a good respect of new resistance on the opening of the week. Ideally, we would like to see the gap to be filled before moving lower. I am currently long for first target and will be looking to short at 2nd target. What are your thought?

AbdorhmanThi

Here we have a double bottom after a bullish bat formation formed on a daily time frame. This is good indication of a bounce to the upside. Current target is the 61.8 fibonacci level. Remember trade your plan and you will win. If your trading plan have been proven to be successful. Best

AbdorhmanThi

Broke out of downtrend channel. Looking for retest of breakout origin to continue going higher. What are your thoughts? Trade with care.

AbdorhmanThi

We had a breakout of the descending triangle on the 5 min. A pull back is happening after an impulse. I am looking for a breakout of the current descending triangle to buy for 1:2 risk/reward ratio. What are your thoughts? Trade with care.

AbdorhmanThi

Eurusd just finished completing its 5 wave for the next move to the upside. I believe after this move, we will see a continuation to the downside. What are your thoughts? Trade with care.

AbdorhmanThi

AUDUSD started the week with a small push up to complete this bear formation. If we get a double top or bearish flag forming on the smaller time frame, it would be a great entry for shorting. What are your thoughts? Trade with care.

AbdorhmanThi

Descending wedge is forming for an upside move.

AbdorhmanThi

Out of all the major crypto. Litecoin has to be the easiest to read in terms of price structure. Litecoin has broken out of the descending wedge 2 weeks ago. It is now forming a second bull flag for continuation to the upside. I am looking to enter again near the 150$ zone. What are your thoughts? Trade with care.

AbdorhmanThi

A lot of alt coins are showing bullish signs. This brings me to believe the next alt coin rush will happen soon. It is just a matter of time. The yearly bitcoin bear cycle is almost over and if we see bitcoin surging in the next 2 weeks. We can expect alt coins to follow when bitcoin relax. Check my previous post on bitcoin to have an idea of what I'm looking...

AbdorhmanThi

This is my broad take on current bitcoin structure. Bearish bat, head and shoulder and evening star candle formation (1D timeframe). All of these are signs to the downside of target around .50-61.8 on the fib before we see a decent stable ground. Bitcoin has definitely entered a stage of complexity that is great for traders who have a good trading strategy. As we...

AbdorhmanThi

After an impulsive move down, I am looking for a continuation after we get a correction of 3-5 waves. I am expecting one more move up before a continuation to the downside. The downside can bring us to a bullish bat completion. What are your thoughts? Trade with care

AbdorhmanThi

I am bullish on bitcoin longterm (a few years from now) but currently there is no denying we are bearish and have entered the bear market. There are too many people who thinks it will go up this year, opposite of how people felt last year, where people thought bitcoin cant go higher. When the majority of people are thinking one way, the usual thing you do is the...

AbdorhmanThi

Icx is done completion. It is time to buy it now. We will see big days to come with ICX. Check previous post. What are your thoughts? Trade with care.

AbdorhmanThi

There are two bullish pin bars on the chart right now. It is also on support of previous resistance. I am expecting these two path ways for Bitcoin. I won't be surprise if the blue path will happen, but I think we will more likely see the orange path. Confidence is back in the market and price reflects that. Once there are too much FUD in the market, it won't have...

AbdorhmanThi

Veterans arent panicking. We all know what to do. We weigh our probabilities and go for the next target. In order to win in this game, you have to learn how to be a survivor. The only way to survive is if you can think for yourself. If you have a strategy that works for you, continue using it. But if you find yourself reacting to the market and getting emotional...

AbdorhmanThi

I have been bullish on ETH Classic as it has been quite low compared to other alts. It seems that the time for ETH Classic to run is soon. If we get a daily close above the .0028 price or red line indicated. i am expecting the next few days to be green. What are your thoughts? Trade with care.

AbdorhmanThi

After a huge climb. Tron suffered from the over extended climb. If you are new to the market and panic due to this. You will come to learn quickly that every huge run will result with a huge fall. This is why you never buy when something is at an all time high. Unless you are in and out within 5-10 mins. What you do is wait for a 60-80% correction on crypto before...

AbdorhmanThi Updated 

I always find it interesting how easily people jump on hype train. What I mean by that is how many people are talking about Verge now because of its run up. Before that, everyone was talking Cardano. Before that, it was Iota. But you barely see that around anymore. What I am trying to get at is. People in this market are only looking to make gains and spread...