Mohammed_Khan

Mohammed_Khan

Hi Guys, In this "How To" tutorial, we look at one of my favorite ways to trade. I generally use this technique for very large trades, but it suited for all position sizes. What we are going to look at, is a technique of DCA that makes use of leverage instead of equity to better an entry price should the trend go in the opposite direction of the order side. This...

Mohammed_Khan Updated 

Could we have seen the bottom for Bitcoin? H&S target has been hit after the pattern formed for bitcoin on the daily. With overall weakness seen across stock markets and cryptocurrency since Friday, BTC took a 20+% dip and now the question is buy or continue to sell? BTC overall has not lost its bullish continuation pattern on the daily and has also managed to...

Mohammed_Khan Updated 

This is just a cautionary idea, whilst i am still extremely bullish, we should be cautious about over leveraging orders. A possible scenario that could play out for BTC to retest levels of support, which could mean a good opportunity to add to orders for some but could be a dangerous play for others. This play could easily be invalidated with another impulsive...

Mohammed_Khan Updated 

I have seen many traders enter trades recently and get REKT. So i thought I'd share what an entry setup would look like for me (This is my current trade), why i enter here, whats the logic of having lower orders instead of a stop loss and how to properly make use of leverage in these kind of trades. 1. Looking for a floor or ceiling of an asset/token: Now i wont...

Mohammed_Khan

In this tutorial we will be looking at parallel channels, how to identify them, how to scout for trading opportunities in order to trade them and how to find price targets for them. This will be one of many tutorials to come in this series, but when making this, I assume that you already have a basic understanding of how candles work, identifying trend direction...

Mohammed_Khan Updated 

I posted on my previous idea the bullish play out for BTC, but also mentioned what would happen if Bitcoin failed to break out on top. Unfortunately we saw a rejection in the resistance zone once again, and Bitcoin broke to the bottom of the flat top Ascending triangle. So what are the current and near future predictions for BTC? As we can see in the chart above,...

Mohammed_Khan Updated 

As we see, Bitcoin has been forming an ascending flat top triangle, which is a bullish sign should we break out at the top. So what should we expect over the next few days and what are the price targets for Bitcoin? Should Bitcoin manage to stay in and maintain the price action required to break out of the ascending triangle, what we would want to see is a retest...

Mohammed_Khan Updated 

Bitcoin is now at a a very important area which is considered to be a resistance/ liquidity zone. So what does this mean for the upcoming days and what we should be expecting from price action?? As we can see bitcoin hit exactly on the wall of our resistance area but did not manage to break through. Here are the scenarios to look out for from bitcoin in the next...

Mohammed_Khan Updated 

With BTC breaking out of multiple bullish charting patterns, what can we expect now? For BTC to continue the bullish momentum, we need to start heading toward the 53K price level. Below are charts showing some areas of resistance following breakouts but patterns showing the same target areas. 1. 2.

Mohammed_Khan

BTC has been holding above one of the strongest support lines since Feb which is sitting 48805 (0.5 FIB level). If bulls manage to close above this level for the weekend, we could see some massive impulsive moves in the upcoming week(s). With stock markets recovering nicely, BTC will be sure to follow, just need to get the rockets gassed up!!

Mohammed_Khan

Things might not be as bad as they seem for bitcoin. We can see that the bullish continuation pattern has not yet been invalidated by last weeks crash, but here we are again at the start of another weekend without having recovered, this is highly due to the aftershock for highly leveraged traders still shaken after possible losses and liquidations. so what does...

Mohammed_Khan

Bitcoin has formed two very bullish patterns on the daily chart. In order for this to continue to play out, we need to stay and close above the 56K levels. Once we reach the confirmation area, the impulsive price target is around 60-61K.

Mohammed_Khan

After moving down a bit on Friday, ETH has formed a nice descending channel and is ready for a breakout. Finding strong support at 0.236 FIB level and we are now seeing a bullish MACD cross forming, this together with the RSI sitting at around the 50 level, leaving a nice gap for the market to be pushed up.

Mohammed_Khan

BTC sitting at a strongest support. With liquidations of around 4Billion USD, the market would have clean out a good portion of over leveraged trades and now with final support testing we should see the next impulsive wave playing out in the upcoming days.

Mohammed_Khan

As seen on the daily BTC chart, we are continuing with a bullish higher high, higher low pattern, in order to maintain this pattern and keep the trend overall bullish, closing above the 52K area would need to be maintained. From a short term perspective, we have lots of support levels, one of which we have seen today around the 55K area, however in order to turn...

Mohammed_Khan

Moving Along Possible Retrenchment next possible support around 36K and then 33K

Mohammed_Khan

Currently Sitting At Resistance with a possible retracement coming up

Mohammed_Khan

BTC/USD has created a Complete Elliot Wave Into Consolidation - Awaiting Breakout possibly to the upside.