Sharkethics

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Hello traders, Lets talk about bitcoin and some possible scenarios. Scenario nr . 1 that this correction is forming a descending triangle (white lines) . When forming such triangles, price tend to break to the down side, but we know that we are in a major uptrend so breakdown shouldn't last long. It might touch fib ration of .5 (26k) before resuming to it's...

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A symetrical triangle formation. If support hold I would long until the upper resistance wall is reached for R:R ratio 2:1. Furthermore, symetrical triangles usually are broken to the upside as a bullish continuation pattern. If so, it might cause a strong inpulse which equals to the distance show as a white arrow. It would give us astonishing 7:1 R:R ratio in a...

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Hello traders, I think this coin is a great deal for medium/long term hold. Obviously you can profit from short term, but holding it through until ATH is reached would be the most reasonable idea. This coin has a similar pattern to many coin in this bullish momentum and most new coins (serious ones) tend to break ATH. Furthermore it looks great both on weekly...

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Hello traders, It seems that this coin is moving (or at least was moving) within this accending channel, quite neatly bouncing off its support and resistance. We can also assume that it will bounce again, hence the multiple horizontal and diagonal support lines. Long position can be opened (open interval sits in a purple box) if a bounce is confirmed giving us ...

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Short-term From technical analysis standpoint in a short term it is possible (and probable) that tesla formed a contracting triangle (which is simple corrective wave marked as ABCDE. A triangle always occurs in a position prior to the final actionary wave in the pattern of one larger degree and therefore one more upside move is expected. If we consider this ...

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RSI Lower high while price action higher high indicates weakness in short term trend. RSI is moving within descending channel, it faced resistance of the upper wall and reversed. Post is late, just a theory revision of whats probable when we've got this kind of scenario.

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I started buying in parts and will be adding if it goes down. It might bounce of fibonnacci 0.618 level as it is usually leaning towards higher probability for corrective wave to reach this level and reverse. I would buy in three parts 0.038, 0.037 and 0.036 Stop loss 0.0345 Basic elliot wave count in the chart. It is a short term trade hence the time...

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Sky coin broke out of descending triangle. Triple bottom. Now moving within ascending channel, if it breaks out of it, long position can be taken. If it won't break resistance and start going down (RSI and channel resistance), then buy zone could be support of the channel. I would personally ladder buys down if the coin will move down. Usually 10-25% parts. If...

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I think this coin can move upwards quite a bit. Broken out of falling wedge with increasing volume. Will be watching out for resistance and reversal at 8000 levels (white line) otherwise I can go further up. Bouncing off from fib's golden pocket so it should move upwards.

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Let's have a look at QTUM. It is on a verge of breaking out of huge falling wedge dating back almost two years (or just broke out if we measure out the vicks). What cought my eye was the significant increase in volumes on a weekly time frame. As some would suggest it has peak selling off and those usually happen before trend reversal. Some positive news of...

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Those are basic thoughts why it would be good idea to short.

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Just an idea of possibility, reminds bullish penant formation couple of weeks ago. What do you think guys?

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Head and shoulders pattern, we clearly getting 2nd lower highs on RSI on multiple time frames, MACD crossover to the downside, histogram is ticking down as well. Do we find support NOW at around 90$ or do will we test 84$ and 78$ level? Any ideas?