seems like a H@S pattern is going to emerge. the same goes for ETH too which makes it a little bit more scary. anyway only time will tell but we should be aware.
RSI is in overbought territory in almost every time-frame ranging from 1 minute to 1 month. i would't dare buy here and i certainly wouldn't advise so to anyone else.
there is a bearish divergence on MACD, RSi and Stochastic in 4H time-frame. we have also reached the upper boundary of the regression channel. so in my opinion, for the time being it would not be wise to make an entry, i think it would be better to wait for the price to reach the mid-line around 13500 or even better the lower boundary of the channel. anyway its...
as you can see, the price has been moving within the confines of a triangle for the past few days and it can go either way. if it breaks up, it could go up to 10750-10800; but if it breaks down, it should go down to 10200-10300 area which would be a little bit worrying; since there would be a H@S pattern on 4H time frame and it's target would be somewhere around...
well, i am not used to publishing so many ideas and this is the second one today. it's a personal record for me, but i wanted to share my ideas with my fellow traders. anyway it's based on simple MAs and as you can see, in 4H time frame MA50 and MA200 are pretty much submerged together; they used to act as resistance during last week and kept us in range below...
just came to my mind that we have seen such a pattern so many times lately. just when every sign points south (during all last week up to yesterday) the price gets pumped and then the rest is in Bart's hand. be cautious fellas.
the chart is self explanatory. just a quick idea that came to my mind. do you agree? lets see.
we have already bounced back form 9k three times within last 2 hours; how long this support would be able to hold us??? only time will tell. BTC has a history of surprising everyone, but personally i wouldn't go long here.
the Bart pattern has been the dominant pattern in BTC lately. just seems some people are seriously manipulating the market. be careful guys, i think the best option would be to be off the market right now.
hi everybody. those who have read my last posts, should know that i am mostly concentrated at intraday time frames and for that i love the 4H, it is big enough to reflect any considerable change and yet small enough to be a good reflection of the ongoing matters. today there has been a test of the cloud's ceiling which has been rejected but there is steel hope....
well, yesterday was something that i did not expect at all, such a recovery in such a quick time? there are two hypothesis right now, the influence of equities market especially the US stocks market recovering in response to feds financial support programs, or heavy manipulation by whales? either way i am not convinced that the downward movement has reached to...
looking at the charts in multiple intra-day time frames, we are well below the cloud in almost every time frame ranging from 30 Min up to 4H. the conversion line is below the base line and the cloud isred which could be interpreted as bearish, but the cloud is very thin also which suggests that we could penetrate trough it with some good momentum. but that is...
the price right now is at the upper boundary of 30 Min cloud witch coincides with the lower boundary of 1H cloud. if we can break trough it, a rise up to 9540 would be in the horizon
as a daily trader, i am mostly focused on 1H, 2H, and 4H charts. today i am looking at 4H chart and some of my beloved indicators. as you can see the price is moving within the confines of lower 9400 area nut the momentum and stochastic show some signs of recovery. of course the momentum is still in negative territory and stochastic mostly in neutral zone with...
right now the price is flirting with the upper boundary of the 4H cloud. the Momentum is not helping and looking into the DMI there is a slight gap between DI- and DI+ which could be interpreted as equal balance between sellers and buyers. every body is expecting a great move in coming hours or maybe days and it could in either direction. personally i would not...
looking at the 4H chart and Ichimoku cloud, we can see that the price is right now below the cloud (although the conversion line is well above the baseline which is somehow confusing), and also the cloud is going to turn red after a long time that it used to be greeeeeeeeeen. also the 4H momentum is near -100 and doesn't show any sign of reversal. adding the...