Tesla (TSLA) has been printing lower highs since July 2023, which means that the downtrend is an old one. A lower high is confirmed 28-Dec. by the fact that the last four sessions are full red and pushed the stock below EMA10, EMA21 and EMA50, with EMA100 still working as support today. The RSI is now bearish (below 50) and trading volume still low. The low...
➖ On the 26-Dec session we have an inverted hammer candlestick pattern to signal the top of a trend. This inverted hammer is followed by four weeks red; Inverted hammer as reversal signal confirmed. ARKK produced an upper wick this week, now trades red. ➖ The action moved below EMA100, mid-term bearish potential confirmed. Multiple bearish signals confirmed. We...
➖ Bitcoin produced a new All-Time High followed by a rounded top pattern. ➖ Bitcoin is now moving within a lower high compared to the newly established ATH. Any trading below the ATH —such as is happening now— can be considered a SHORT opportunity. The stop-loss can be set above the ATH. Below the full numbers... _____ SHORT BTCUSDT Leverage: 8X Buy-in:...
We have a bearish harmonic pattern on the Amazon chart. The pattern calls for a drop. ➖AMZN hit a new All-Time High recently but the week ended up closing red. ➖Seeing the long-term drop in trading volume and related markets, we can predict that soon this bullish sentiment that has been going for months will change. ➖It can happen that the pattern is not yet...
I am about to share a great piece of information with you that will help you clear all doubts. What would you do if you knew with a high level of certainty that Bitcoin was set to continue lower? What steps can you take now or in the future in order to protect yourself, your assets, your portfolio, etc., as Bitcoin and the Cryptocurrency market goes...
Let's look at Bitcoin in under 3 minutes; this is a short-term chart (1h TF). 👉 Currently BTCUSD is trading within a bear-flag with a bearish and declining RSI, based on these signals we can expect lower prices. Step by step price action simplified: ➖ #1 = Distribution ➖ #2 = Breakdown ➖ #3 = Bearish continuation (developing) Thanks a lot for your...
PolkaDot (DOTUSDT) is in the process of producing a major retrace... Let's see what the chart has to say. Here we have an "initial high" in December 2023; notice that in March 2024 a higher high is hit but this is a "weak higher high" because the peak price stays too close in the vicinity of the previous high. ➖ A weak high means weak bullish engagement; ➖ Weak...
One signal and one signal only, I promise: The last 3D session that closed, 19-22 March, produced the highest volume ever and it closed red after a multi-year high. This is a very, very strong bearish signal. Here is a nice short. Medium-risk as the move is already developing but still good. ------ SHORT SOLUSDT Leverage: 5X Buy-in: $195 - $165 | Cp:...
When will you give up? What type of question is that? Trading is a job! Writing is a job! Trading, writing, fighting, living is work; it is my job. When will you give up on raising your family? When will you give up on live? Never I suppose and that's great. We are not meant to give up. We are not supposed to give up. We are meant to live it up! Stand up, wake...
Here the leverage can now be increased. It doesn't matter if you entered before or after the peak, if you are doing it short or long-term; this is easy profits. Ethereum seems to be headed lower based on chart signals and lots of data we looked at in previous weeks. The correction might end up being boring... I think nobody is going to like seeing the market...
➖ Yesterday TOTAL closed above EMA50; support holds. ➖ Today, TOTAL broke below EMA50 on high volume; support breaks. Chart signals ➖ EMA50 is a medium-term moving average, which for us means a time duration between 1-3 months. ➖ Breaking below EMA50 opens up the possibility for the TOTAL index to drop medium-term, i.e. 1-3 months. ➖ A positive signal is the...
Hello my dear reader, we are doing candlestick reading now and we will focus mainly on recent price action. I hope you are having a nice weekend. Sometimes we focus on Elliott Wave Theory as the main system we use for charting/sharing. At times, we focus on the moving averages, oscillators and trend. At other times, we look at correlated markets and so on; when...
The Euro is set to move lower against the U.S. Dollar (EURUSD). Let's start with the weekly timeframe: (All the moving averages are active) ➖ This week, we have the strongest bearish session since September 2022. ➖ This strong bearish session is happening as a rejection at EMA100, EMA10, EMA50 and EMA21. All major moving averages. These are specially...
It is very interesting because it always creates a dichotomy, those who belief and those who don't; what happens if Ethereum is classified as a security? What will happen to all those tokens, all those projects, all the innovation, all the sell orders, all the trading, all the fun? How will the market be affected? The truth is that Ethereum does not need to be...
Bluezelle (BLZUSD) hit bottom 10-June, together with the majority of the Altcoins. A higher low happened early August, same as with the rest of the market, and now the pair is moving forward with massive strength. This is the pattern that we shared with you using Status Network (SNTUSDT), with this pair being more advanced. This is what is coming to all the...
This is something already of the past but still good for learning. Good evening my fellow Cryptocurrency trader, how are you feeling today? Please allow me a few minutes of your time to entertain you. You know, each time, each phase, each period, on each cycle... there are always many signals that we can use to our favor, in whatever way we need. These signals...
Solana produced a multi-year high late December 2023. It proceeded to move sideways within a lower high for more than two months and then forged ahead. Solana hit yesterday its highest level since December 2021. This works in favor of the bears. This is just a friendly update/reminder to my readers/followers. While Solana hit a new high, this is always...
This is a quick and simple one. A tiny bit of information that might be useful to your chart analysis... Maybe for correlation, comparison or to open up to new perspectives, views, possibilities and ideas, we are talking about a chart. Here we have Cardano on the weekly timeframe, five weeks going down. ➖ The five weeks going down can tell us that a bearish move...