chartreadingpro

chartreadingpro

Fast timeframe shows the signs of Buying Culmination. I guess this is a confirmation for at least a correction after a rally.

chartreadingpro

A resistance block consists of: parallel channel line; round number 7.0. This is a potential situation for starting a FOMO and a distribution range. At least a correction is expected.

chartreadingpro

Supply is overcoming demand. The price seems to be forming a weak bounce from the median line, so the chances of a drop to 18k are increasing.

chartreadingpro

1660 looks like the serious support, as could be expected. Because it coincides with the bottom line of the long term trend channel (blue). The volumes & candles show 2 times that supply exhausts around 1660, and demand demonstrates strength (Bullish Cha Cha signal). So, the bullish intentions could be read from this chart.

chartreadingpro

Note that the series of three upward impulses is weakening. Each successive one has a less sharp angle, which means demand is exhausted. It is also important that: → the first impulse has maximum volume (a sign of a FOMO climax); → the second impulse ended with a false breakdown (ATH trap) → the support line of the third impulse began to work as resistance. Weak...

chartreadingpro

The first is that the price has reached the upper line of the uptrend channel. The second is tight spreads on the January 26-27 high volume bars. Third - the White House doesn't like prices too high because expensive gasoline increases consumer spending, which lowers the president's rating. CVX stock price is at a record high because of high oil prices. But the...

chartreadingpro

Reuters wrote, the dollar held close to a 14-month high against the euro on Thursday, as a surge in energy prices raised the risk for the Federal Reserve to act sooner to normalise policy. The chart tells, that EURUSD achieved the zone where EURUSD can find support from: - the bottom line of the channel - the psycho level 1.15

chartreadingpro

We should see at least an attempt to grow toward 2.5k

chartreadingpro

High volume operations did not lead to new advance. It is likely fixing profits from longs when price jumped above 1.0 round level. The most likely is slow down drifting in this case.

chartreadingpro

200k is a checkpoint before the Moon.

chartreadingpro

Price reached the global resistance line. Price/volume relationships show lack of bullish progress despite the high volume of trading. It means the profit-fixing action from professional side who SELL coins to the FOMO-flow of newcomers. That is why market does need some correction.

chartreadingpro

There are two lines drawn on the chart - $30,000 and $40,000 per coin. Note the Shakeout. This huge volume with the price closing far from the lows of the bar is bullish in nature because the bar aims to kick out as many bitcoin holders as possible. Therefore, we could well expect the price to further push back from the $30,000 level and resume rising, as the...

chartreadingpro

Note Big volume without bullish progress on 17th of Dec. This is hidden selling

chartreadingpro

Good for long-term investing as by stated the chart

chartreadingpro

This market is heading up. As stated by chart.

chartreadingpro

Every next zone of support climbs even higher

chartreadingpro

We have positive dynamic during breakout of 7.50 level. Expect the further development according to green up-ward channel.

chartreadingpro

Expect rally. Pharma rules! Growth potential target 1 = almost 50%, Growth potential target 2 = almost 100%.