The price exceeded the neutral range with the upper border of $7900 and reached the further target of $8500. However, the resistance turted out to be strong, so that the price consolidated giving a signal to the short trade. I opened a trade at the second top of the price consolidation and the price fell to the support. Currently, it is still at the support lvl....
2020 started in a green color. The strong level (upper border of the range) $134 was broken out after the breakout of the overall downward trend breakout. Then followed the retest pattern (at $134) that confirmed the bullish sentiment along with the cross (MA50 & MA100). Opened a trade at the retest and closed it at the price consolidation (the second significant...
Started the year in the right way! The major significant bullish&bearish levels are at the chart. Closed long position in the middle of the neutral channel during the consolidation
The New Year is coming, as well as long-term projection. It's getting more interesting here, as inside the downwards channel formed the golden cross (view the previous post) is formed that is a bullish sign. Along with this, the head and shoulders pattern is being formed since the beginning of the month. Currently, we are at the bottom of the second (right)...
Regardless of short and mid-term movements, the price remains in positive dynamics in the long-term. First of all, a major support is in upwards direction. Secondly, it is formed after the golden cross 1 formation in 2016 that was market as a strong bullish movement. Thirdly, the same pattern is formed inside the descending channel that is a sign of long term...
Bitcoin price renewed a minimum of 7 months and currently is traded around $6500. The impulse and bearish sentiment were quite expected in terms of a descending triangle that was forming in November-December. Besides, the price moves in a downwards wide channel since spring 2019. Halving might improve the price but this is rather a long term process that is not...
Being for several month in declining channel (yellow) currently the ETH price is forming and descending triangle that is a bearich sentiment signal. Planning to open a short trade at a breakout confirmation. Waiting carefully.
The price is experiencing interestig scenario. On one hand, the overall sentiment is bearish with the importent levels of $7100 and $6800. This is almost a triangle pattern that implies the strong impulse afterwards. On the other hand, the price still consolidates. Thus, I cannot exclude longing from about $7100 lvl with short stop. You guyz?
At 1W timeframe the golden cross is being formed which is a sign of bullish pressure. Even within the bearish channel that is observed since spring. The significant level of $7830 might be broken in the foreseeable future, starting the bull rally. Otherwise, the target levers for bears are $6800 and below.
This is that trade I was talking about. The consolidation at $7350 turned out to be a rebound from the trend in short term Just closed a half. Waiting $7800 target to be achieved
The price on a large scale remains in a long-term bearish channel since the beginning of the summer. It seems to continue fluctuating inside it. I'm rather bearish, even regarding short-term bullish impulses. till the upper border breakout.
Ethereum price after a decline to almost $130 level managed to stay above the support line. It experienced the strond reversal (bullish) movement and further price consolidation. As it can be seen at the 15m chart, the price is currently in the potential bullish flag formation. If succeed, the price may experience an increase after the flagpole...
XBTUSD price has been experiencing the downwards tendency for several month already. The decline in Novemner was one of the most substantial recent movements that resulted in $7400 support level breakout and further rebound from the bottom border of the downwards range. Currently, the price is consolidated around $7400 level with the potential to retest. If so,...
After pennant pattern ETH price experienced the drop that was a greart short chance For now it is still moving in a neutral zone with the strong levels of $155 (resistance) and $130 (support)
BTC price after strong breakouts of $8000 and $7800 levels (the ones of declining trend) faced a strong support of $7400 and rebounded from this level, making the price consolidating above it. Just closed my modest short trade at $7550. However, if we consider an upcoming halving tendency that is supposed to trigger the price growth. Furthermore, at 1D...
Ethereum price experienced an upwards trend in a triangle since the end of October. On 14th of November the bottom line of the pattern was broken with the price crossing the level of $180. This weekend the price again was back to the former support and formed the retest pattern so far. The price scenarios are 175 lvl eventually in case of bearish pressure. For...
BTC price experienced a decline during a week approximately. Many consider the dynamics rather pessimistic after theis week. Personally I am not convinced in strong bearish rally, would better wait for any border breakout, anyway... Possible targets are still accessable by both bulls and bears.
Probably sth interesting will happen at $ETH chart. Keeping abreast to open a trade! The price consolutdated more and more that is a sign of possible impulse. Currently, there is a local downwards trend and low volumes, however, the global tendency is still unknown. Thus, looking for thr channel breakout with the nearest targets - $195 for bulls and $175 for bears.