CryptOReilly

CryptOReilly

Hey, as you can see on the chart BTC is currently in a textbook Equilivrium pattern (tightening range). Right now bulls have exponetnail support on their side and can look for a bounce attempt here to favour a bullish break of this EQ. If exponential support is lost I will be favouring the bears in this Equilibrium battle. I will not be trading within this range...

CryptOReilly Updated 

Hey, This is quiet a simple analysis. As we know, we are expecting a daily tightening range (equilibrium) for BTC on the daily timeframe which means a lower high under the 11,150 zone. Now zooming into the 1hr chart as we get close to the resistance zone, it is apparent we have a hidden bearish divergence, as you can see by the lower high formation on the...

CryptOReilly

As you can see on the chart BTC is currently in a bull flag formation on the one hour timeframe. LTC and ETH have had more significant price action increases and have broken levels of resistance in their patterns that BTC has currently not. IT can be argued that LTC has been a leading indicator for BTC and if this is the case, we can have more reason to...

CryptOReilly

As you can see we have a bear flag forming on the 1hr timeframe. When we zoom into 15 and 5 min time frames we can also note declining bull volume. Short term bearish until bulls can prove otherwise!! Staying cautious to oscillator conditions.

CryptOReilly

Hey guys, chart is easy to read. Be cautious if you are long.

CryptOReilly

BTC is still in a 4hr downtrend as you can see on the chart displayed so no bullish entries can be considered by myself until a break of the 4hr high of $10,658 occurs. Until this happens I will remain bearish, but still cautious to the several indicators pointing out that a potential bottom is close. Things to look out for are as follows: 1- RSI is...

CryptOReilly Updated 

As you can see in the chart above, we had a solid move to the upside before witnessing what is known as a volume climax where we saw a fast 15% drop in the price. Many traders were expecting a bounce attempt to play out here but what has to be noted is the amount of bear volume that occurred during the volume climax AND the lack of bull volume that has...

CryptOReilly

Awaiting to enter a short position upon break of bear flag formation. Orders already in just below trend line. Yours truly, CryptO'Reilly

CryptOReilly

Just putting out a call since I have been quiet for a bit. Congrats for anyone who opened a short position after the daily EQ break which I published a while ago. Hope you can see why I am favouring a short position here. For those who follow me you will know why I ideally like to open positions in this sort of set up. Yellow trend lines have been drawn up on...

CryptOReilly Updated 

The Dow is currently rejecting significant trend lines on the weekly time frame and we are witnessing decreasing volume from a weekly perspective also. As many of you know who follow me, these trade set ups are what I look for as it allows me to set up a good risk:reward ratio in my trade plan with significant price action changes having to occur to stop my trade...

CryptOReilly

Hi all, as you can see on the weekly time frame (also monthly) we are witnessing positive price action for the ASX. Although positive price action is generally celebrated, it needs to be backed up with positive movements in relative strength, which in this case is not happening. As you will see on the chart published, despite the positive price action we...

CryptOReilly Updated 

CGC is currently in a very tight equilibrium pattern. Although these conditions are not ideal for active trades or anyone looking to trade short term, they are ideal for those of you whom are patient and are willing to wait for a break to enter a short/long position. Equilibrium patterns are my favourite pattern to trade from upon breaking as there is generally...

CryptOReilly Updated 

As you can see on the daily BTC chart at the moment, daily exponential support has remained significantly strong. Although, when we zoom out to the weekly chart, we notice that weekly exponential resistance has remained significantly strong also. With a weekly equilibrium pattern also in play, trading conditions are not looking favourable until one of these...

CryptOReilly Updated 

As you can see on the daily chart for EURUSD, there is currently a strong downtrend in motion and we are approaching trend line resistance in which we anticipate a lower high to be formed followed by continued downwards movement. The reason this is such an optimal trading opportunity is that we only need to risk 1% of the position with the stop loss due to the...

CryptOReilly Updated 

Bitcoin is currently trading within a DAILY EQUILIBRIUM pattern. As you will know from my previous crypto weekly analysis, BTC is also trading within a WEEKLY EQUILIBRIUM with a recent weekly high potentially being set. Personally as a trader, I make the most money upon longer term EQ breaks, and the tighter things get, the more money there is to be made upon a...

CryptOReilly Updated 

After analysis both weekly and monthly chart for USDCAD, I have decided to take a long position with my stop loss displayed on my chart. It is clear that we are in a healthy uptrend for the moment and I am willing to take the risk to enter long in this point of time anticipating new daily highs at minimum. Please like or follow for more detailed and frequent...

CryptOReilly Updated 

As you can see on the chart, NASDAQ is currently in a weekly down trend and approaching the most recent lower high. This is not a detailed analysis and is not hard to execute, rather, just a good risk:reward shorting opportunity in which the trend is my friend. Please note, if this downtrend is broken, which is hard to anticipate at the moment, then there will...

CryptOReilly Updated 

As you can see on my chart, BTC is currently in oversold conditions on the 4hr timeframe and is currently seems to be retracing back to the Exponential Resistances. Due to this, and BTC losing daily exponential support I am going to be scalping in short positions from 3718-3735USD in anticipation for a rejection from both 4hr and daily exponential resistances and...