Cryptestan

Cryptestan

Hello Supertraders! In this post, I intend to convince you to take a short position on BTCUSDT with the target of 16000-15400 hahah :D Elliot wave counting reveals that after the peak in 19490, the major correction has started and any correction according to R. N. Elliott has 3 waves in form of A-B-C. Wave A and C here are themselves motive waves and thus...

Cryptestan

Hey people. As you can see, the flag pattern is now confirmed by volume and ATR, which indicates the volatility. The target is 39. Have fun Trading ;)

Cryptestan

Hello dear friends! The chart has formed a very distinctive flag! this is also confirmed by the decrease of the volume within the flag and the decrement of volatility. However, it is also much safer to consider it as a triangle. Thus the targets are shown in this chart! Have fun trading!

Cryptestan

Hey folks! As you can see the fifth pioneer of the whole crypto market, Chainlink, has succeeded to break its long-term downtrend line since Aug 2017. It has been a very major down-trend line and it can give us a beautiful long signal. enjoy and don't forget to stick to your money management strategy!

Cryptestan

Hello Superheros! Almost all indicators on BTCUSDT chart show a strong downtrend in the WEEKLY time frame. Having this in mind with the breakage of the shown main trend line in the 1H chart we can say with a good accuracy that the market has started its retracement. Targets: 17900-17600

Cryptestan

Hello Super Traders! I hope you are doing just well ;) As you can see in this chart in 1H time frame, the chart has formed a Head and Shoulder pattern which an indicator of a trend reversal. Yet, referring to the sacred book of " Technical Analysis of the Financial Markets" by John Murphy, we need to await the volume confirmation. So, if we consider the price of...

Cryptestan

Hello Folks After analyzing the weekly and daily chart I have come to conclusion that the market is still bullish. In the short term, 4h chart, we have a V pattern which is a continuation pattern and this confirms the weekly and daily uptrend. Time to jump in ;)

Cryptestan

Hello People, In this post, I am intending to focus on measuring the latency of different indicators, namely Stochastics K%D, Directional Movement ADX & DMI, and MACD. As you can see in the picture, in almost all important moves during the last 3 months, the Stochastic has alarms first, then MACD alerts the move, and finally, ADX & DMI confirms the move. Good...

Cryptestan

Hello Freinds! You must have spotted till now the formation o a double bottom pattern which is well confirmed by its volume pattern and the subsequent nice neckline break and a pullback to 13700. Till now we can say that the price will rally to 14000 (the height of the neck), and what makes it even more interesting is the formation of a pennant! Target: 14000!...

Cryptestan

Hello Folks. In this post, I would like to elaborate more on one of the most integral reversal patterns which occur most frequently: Double Top and Double Bottom. 1- As said before, they are reversal patterns, which means that they change the previous trend! e.g. Uptrend---> downtrend OR Downtrend---> uptrend Notice that the prerequisite to all reversal...

Cryptestan

Hello Folks! The uptrend since Sep 2020 in the BTCUSDT chart in Daily Timeframe is can be clearly spotted. The divergence in RSI 14 and Momentum 10 indicator are confirmed. Furthermore, the Stochastics are in extremely overbought area. Thus, a correction would be reasonable. However, we stay off till the US election since I believe from the fundamental point of...

Cryptestan

Reference: Technical Analysis of the Financial Markets by John Murphy. Moving Averages are one of the very useful trend-following tools. But I would like to elaborate more on the meaning of the term " trend-following": It indicates the tools which does not provide us with specific price targets, but it shows us if a specific up- or downtrend are in action. By...

Cryptestan

Hey Folks! I have noticed that the BTCUSDT chart is perfectly following the Fibonacci time targets. Do you think that the next high will appear on 31 Oct? Please share your comments ;) Hallo Leute! Ich habe bemerkt, dass die BTCUSDT Kurve die Fibonacci zeitzonen verfolgt. Denkt ihr auch, dass die nächste High am 31. Okt erscheint? Bitte teilt ihr eure...