AlgoSurfer

AlgoSurfer

As a technology company Spotify is making Bulls and taking profit of the COVID-19 situation. There's a strong market for how higher prices as we look at volume compared to price. Will there be a recovery the next coming months, will Spotify keep up with this bull? Let's see how this turns out.

AlgoSurfer Updated 

While we're still in a locally ascending channel and things might look positive. Some indicators say otherwise. For now I'm suggesting to hold, I'm holding onto my sell position from 9002. Please let me know what you think in the comments! Volume-Price Trend Volume: Has been declining since the last 16 days on the 1D timeframe, this could imply a price...

AlgoSurfer Updated 

Patterns 1. Harmonic Pattern shows a Bearish Crab (Bear) 2. Leaving the ascending channel at the bottom (Bear) 3. Forming a symmetrical triangle pointing upwards slightly (Bear) 4. Elliot (correction) wave ABCDE is at play which could become double or triple top or a head an shoulders (Bear) 5. Declining volume shows there's no big price changes coming (So for...

AlgoSurfer Updated 

Hey I'm trying out new patterns to learn the ways of technical analysis. This time using Harmonic Patterns and Fib channels. From what I can see if I interpret if this right, the Harmonic Pattern shows a clear Bear and the Fibonacci Channels show a stronger support for a Bull (due to the more lines that matching up between 23.6% and 78.6% as support layers). I...

AlgoSurfer Updated 

I'd thought let me just continue this Bitcoin technical analyses and evaluate our steps from last saturday. One thing I already noticed is that our prognoses of the bull breakout after may 16th became valid. As you can see in this chart, yesterday BTC only suffered a few hours of decline, and then went up again. You can see my previous idea here that I posted on...

AlgoSurfer Updated 

I decided to bring volume up in the analysis, combined with a triangle, ascending channel and an Elliot Wave I think we can confirm the next average is going to be a strong Bull. I'm not guessing which price mark we'll hit next, because there's always a chance of reversal. Here's what I've found on reading volume according to investopedia.com: A rising market...

AlgoSurfer Updated 

Bitcoin shows a short upward channel compared to previous weeks. Will keep monitoring this babygirl closely. ____________________________________________________________________________ I'm purely a beginner in technical analysis . Please hit like, follow or place a comment. Any of your feedback is my motivation to keep going and to learn more!

AlgoSurfer

First multi-timeframe analyses based on a single chart pattern. I was just noticing a cup and handle pattern on the 4H timeframe, when I looked further away I saw a different cup and handle at de 1D and 1M timeframe as well. According to theory a cup and handle is a clear sign of a bullish character. What could this mean for the following months? Will research...

AlgoSurfer

This time around I included the halving of the BTC within a timerange of about two weeks around half of may. According to historical data, BTC prices should go up exponentially after a drop to 5000-4700 support level. Let me know what you think. BITBAY:BTCUSD

AlgoSurfer

Weak resistance on the highs and a declining long term trend could indicate a bear, also considering the COVID-19 situation. What do you think? This is my first entry on Technical Analysis ideas, trading for about three days now. Any feedback is appreciated. 😀