first of all happy new year to all my fellow traders. 2020 has not been a good year in so many ways, but for crypto traders, it has been so fruitful up until now and i hope 2021 to be even better. so my analysis for yesterday played out well. right now i am in doubt and i am going to share it with you guys. as you can see on the chart, we are within a parallel...
well, i think there is a C&H pattern in play right now and since we returned from .23 and 0.38 there was a high chance of breaking last ATH which happened today. now i think BTC aiming much higher, at lest upper 29000 area, but be cautious and choose your entry point carefully. after all who knows the future, we all just share what we think is probable based on...
it seems to me that we are going down for the time being and i think we might visit 530 levels again. as you can see that level coincides with MA50 on daily and used to be strong resistance on our way up, so it has to flip support. we have also 4H MA200 beneath us at around 572-579, so it might be our first line of defense against those tricky bears. lets wait and...
well, it's becoming more and more clear at least to me, that we are heading down. all my indiacators, MACD, Stochastic, DMI and especially Momentum are showing the path down in minor time frames. I've used my fib tool to guess where could we find some support and as you can see it could be really nasty. First line of defense in my opinion would be somewhere around...
I have never been a moon guy, but even i have to admit that BTC is amazing. i have been riding along the wave since 5000 and it was the most joyful ride. but right now, i think it's a rising wedge pattern that we are stuck in and these are considered Bearish patterns. so all i can say is, be extra alert. there might be some upward movements as there is still room...
i think yes. i am not an expert on counting Elliot Waves, but i think there is room for a wave five after the minor correction we saw from 23800 two days ago. and there is a triangle forming which looks like a pennant to me and thees patterns tend to break upward. so in that case i think we could see 25000 and after that who knows? don't do anything without...
I've been trying thees new set of indicators named BLack Flamingo, and using them on ETH combined with some more traditional ones such as MACD and Stochastic, i think there is room for ETH to grow to 700-720. it totally depends on the triangle that you can see on the chart which has room to go for almost two days from now. in case of a break up and getting enough...
as you already know, we broke the ATH and established a new record. now what? theses are unknown waters we are sailing in and there is not much in terms of old established resistance, so we have to rely of short term patterns. i think we have been moving within a rising wedge which has room to grow even to lower 24k levels within next 12 hours and after that we...
this is just a quick idea. it should be noted that there is big difference between predicting the price and analyzing the price. if you are looking for a prediction, well you got me wrong; but if we are going to analyze the price action, then you should know that we are dealing with probabilities here. right know i think the price is at a decision point and...
just checking on ETH, and this is merely a quick idea. but it seems that the support line which was pushing us up, is failing. is 530 on the horizon? of course this is based on a really low time frame and i could be totally wrong. enlighten me please.
so, we broke down the first little triangle which sent us down to mid 17 area, but as you can see we managed to climb back within the confines the bigger triangle and even managed to break it upward; so right now despite seeing some volatility, things look good and there is the potential of reaching to levels beyond 21000. is that going to be an easy journey? it...
short and brief, i am not convinced that it could make to a new ATH right know, as you can see on the daily we are losing momentum and MACD has not been crossing bullish. so if you bought the dip, this could be a good time to save some profit or moving up your stop loss. if you are considering to buy, my advice is to wait for 19000 resistance (or even better...
i think the chart is clear enough, we have room left to move within the triangle for almost another 2 days and it seems that a W pattern is forming, so we might see some upward movement; i think in order for us to go up, it would be necessary for 17800-17900 area to hold. so if we hit that levels once more and get bounced of them, the target could be up to 19600...
so BTC moved down a little bit; but in my opinion we are still in range, which could mean a period of consolidation. as you can see on the chart, there is a falling wedge pattern in play on 4H and these patterns tend to break upside. so as long as the bottom line which is around 19600 holds, the bull argument has the upper hand, with a target up to 21000 and more....
seems like a rising wedge pastern has been forming which is a reversal pattern in its nature, and other indicators don't show anything convincing to show. but i have been wring before too, so do your own research before any decision. trade safe.
BTC has been within the confines of a triangle, forming a pennant which could be seen as a good sign since pennants are mostly continuation patterns, but i would prefer to wait and see for sure especially now that we are around the ATH and certainly there would be some selling pressure at levels above 19500. in terms of divergences i can not see anything of...
as traders, especially those who prefer day trading or scalping, there are times that there isn't any clear signal and in my opinion this is one of those times. so it is very important to seat out this one and do nothing. I know you may miss some opportunities this way, but for me the most important thing has always been not losing money; and believe me i have...
i know that we all think it's time for a correction; RSI and Williams' indicators, have been in overbought territory for a long long time and we have seen the dreaded H&S pattern forming on multiple time frames. but we should also notice that we are within the confines of a triangle and although it could break either way, triangles are mostly continuation patterns...