Monfex

Monfex

Hey, traders! Elon Musk is not one for quiet statements or milquetoast announcements. You can always count on Musk to push forward some new, sci-fiesque idea, and this time (unlike the Hyperloop), his plan may be closer to reality. The billionaire founder and CEO of electric car company Tesla announced on Monday that the company will be launching a driverless...

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Hi there! The medium-term trend for BTC/USD is strong UPWARD. The price is perfectly confined by the trendlines of an ascending trend channel. In addition, there are numerous confirmatory signals from major technical indicators and chart patterns. So, technically, the medium-term trend is upward and there are no indications of a possible trend reversal. In...

Monfex Updated 

Hi, Traders! During today’s trading session Bitcoin has shown an unexpected decline by 2.5% from $4,125 to $4,025. However, there are no technical indications of the trend reversal downwards. The medium-term trend for BTC/USD is still upward, and the price remains perfectly confined within the bounds of an ascending trend channel, as depicted on the chart above....

Monfex Updated 

Based on signals, generated by the MACD oscillator, Bitcoin (BTC/USD) is currently in an UPTREND mode. The active signal is BUY. At its core, MACD is a very powerful indicator, and provides good forecasting accuracy if used accurately. In this Trade Idea I'd like to discuss the mechanics of the MACD and how it applies to the current situation on BTC/USD....

Monfex Updated 

On a daily timeframe for BTC/USD, technical analysis tools generate an uptrend signal with the forecast horizon of 2 weeks. Technical indicators and chart patterns indicate an accelerating trend upwards and there are no signals of a possible trend reversal currently. Here is your TRADE SIGNAL: - Buy Bitcoin at $4,200 - Stop-Loss at $3,900 - Take-Profit at...

Monfex Updated 

Based on technical analysis with the medium-term (daily) trading horizon, the trend on BTC/USD is UPWARD and is accelerating. The price had gained momentum on Mar 26, when the short-term correction downwards was ended, and the price bounced off the lower trendline of an ascending trend channel, as shown on the chart. We expect an upward trend to continue of the...

Monfex Updated 

Hi there! As we know from our previous analysis (see the link below), the prevailing medium-term trend for Bitcoin is upward. As noted there, since the price has broken through and above the $3,950 resistance, we’ve got an uptrend continuation signal. Based on signals from a variety of technical indicators and chart patterns (interpreted in that analysis), I...

Monfex Updated 

Hi, Traders! Take a look at how precisely we timed the market yesterday by setting $3,900 as an entry price for going long! At a current market price of $3,976, the floating P&L already constitutes $+770 or +20% (calculated per 1 lot with 10x leverage). Now we are moving the Stop-Loss order to $3,910 to lock-in a minimum profit of 2.5%, and then we’re going to...

Monfex Updated 

Hello, traders! Here is an advanced technical analysis for Ethereum based on chart patterns and technical indicators, PLUS an active trading strategy and trade signals! Enjoy reading this idea, and you’ll get exact instructions on how to trade Ethereum during this week and make profitable deals! Based on technical analysis, there are numerous strong signals,...

Monfex Updated 

Hello, traders! Here is an advanced technical analysis for Bitcoin based on chart patterns and technical indicators, PLUS an active trading strategy and trade signals! Enjoy reading this idea, and you’ll get exact instructions on how to trade Bitcoin during this week and make profitable deals! Based on technical analysis, there are numerous strong signals,...

Monfex Updated 

Hi there, Here is an advanced technical analysis for ETH/USD based on the Stochastic Multi-Timeframe Trading Strategy. The strategy is fully described and the signals are presented on the chart, so that you could use them immediately! Also, significant trend channels for ETH/USD are presented on the chart, which makes the entry and exit points more...

Monfex

Hi guys! On a daily chart, ETH/USD seems to be set to steady growth over the next month. Technically, we’ve got two patterns: an ascending trend channel and an ascending triangle. Each of these patterns represents a continuation chart pattern and indicates that an uptrend is expected (is more likely than not). In particular, there is an upward trend channel...

Monfex

Hi there! Here is an advanced technical analysis for Bitcoin based on chart patterns and indicators, PLUS a ready-to-use trading strategy and trade signals! Enjoy reading this idea and you’ll get exact instructions on how to trade Bitcoin over the next week and achieve profitability! On a daily chart, BTC/USD seems to be set to strong growth over the next week....

Monfex

Hi there! Here is an advanced technical analysis for LTC/USD based chart patterns, PLUS a ready-to-use trading strategy and a set of trading signals. Keep reading, and you’ll get exact instructions on how to trade LTC/USD and achieve profitability! The medium-term trend for LTC/USD is NEUTRAL. However, based on technical analysis and chart patterns, the...

Monfex Updated 

Hi Guys, I'm thrilled to announce that Monfex is launching a new series of LIVE trading signals generated by a professional and thoroughly optimized trading strategy. In this publication, we’re presenting The Ultimate TREND-following Trading Strategy for ETH/USD! Trade signals are being generated based on a combination of three technical analysis tools: -...

Monfex Updated 

Hi there! Here is an advanced analysis for ETH/USD based chart patterns, PLUS a ready-to-use trading strategy and a set of trading signals. Keep reading and you’ll get exact instructions on how to trade ETH/USD and achieve profitability. The medium-term trend for ETH/USD is still STRONG UPWARD. Despite a recent strong 20% downward correction, the price is...

Monfex Updated 

There is an ascending trend channel being formed on ETH/USD M15, which is an uptrend continuation type of pattern. An uptrend for Ethereum is when the price goes to higher highs and higher lows. As the ETH moves up in price, each subsequent new high is higher than the prior high, and each time there is a retracement, which is a reversal in the movement of the...

Monfex Updated 

There is an ascending trend channel being formed on BTC/USD M15, which is an uptrend continuation type of pattern. An uptrend for Bitcoin is when the price goes to higher highs and higher lows. As the BTC moves up in price, each subsequent new high is higher than the prior high, and each time there is a retracement, which is a reversal in the movement of the...