BTC is at my key level zone right now and is try to break through towards the upside. It probably is in consolidation/ correction phase right now as it is currently moving sideways. It is breaking through my white tight downtrend line which shows bull are still trying to take over. Volume shows more selling then buying pressure, we are near the bottom of the...
BTC has touched the 50k to 51k area and beyond, even reaching the 47600 region. A reason behind this is due to the $1.6 billion futures contracts liquidation that happened yesterday or possibly even "filling the CME gap". It quickly bounced back to the 50k region, but it is still showing signs of weakness in the short term, as it is below the 50 EMA and still...
As I said in my analysis earlier, BTC has to stay above the tight resistance line for continued upwards movement in the immediate short term. It also seems to be inside a falling channel. With the 2 and 4 hour chart, as long as it stays above my long term trendline, BTC can stay bullish, but if breaks below, it can possibly retest the 50000 to 51000 area before...
BTC USDT is in a rising channel. In the short term, the candlesticks are going below both the yellow 50 EMA and touching the bottom of the bollinger band. Volume also shows selling pressure as well. Its most recent support lies in the 55190 area and may retest it again. In order for it to be bullish once more, candlesticks must break the tight resistance line and...
In the long term, XRP is still in the uptrend. But in the immediate short term, it seems to be in a falling channel. So far, its support is in the 0.50 area having tested it around 3 times. As for resistance, it has tested around 4 times at the 0.58 area. If it can push through 0.58, then its next level would be the resistance area of my ascending triangle at the...
The candlesticks on the 2 hr time frame shows a rising channel pattern. The area of 57500 has been tested a couple times already. If it can break through this area, it can possibly reach the 60000 price range soon. I am open for feedback, suggestions and advice. Thanks!
After the candlesticks have broke through the support lines of my ascending triangle, I found a new pattern forming. It looks like it is a falling channel and if there is no good news to boost XRP prices up, it can retest the key level area of around the 0.37 zone. I am open for feedback, suggestions and advice. Thanks!
In the 2 hour time frame, XRP BTC chart looks bearish. It looks like it has the "measured move down" pattern and broke through my key support level. It can possibly retest the price area of the older support zone at around 0.00000800. I am open for feedback, suggestions and advice. Thanks!
After the candlesticks pushed through the symmetrical triangle support lines, I found a rising channel. Its price target can be around the 0.00002400 area which still falls in between my price range in case of the bullish scenario. For the break to the downside, we can fall down to the 0.00001840 range. We will just have to wait and see. I am open for feedback,...
I saw a symmetrical triangle pattern and the candlesticks push through resistance lines. Target prices can be around the 0.00002350 up to 0.00002470 price range areas. I am open for feedback, suggestions and advice. Thanks
It looks like the candlesticks broke through the support trendlines and has has reached down to around 53880 price area. We should observe if the prices pushes down even further to the 52000 to 52600 range, this might be a minor correction/consolidation. I am open for feedback, suggestions and advice. Thanks!
The pattern I see with BTC TetherUS is still a rising wedge on the 2 hr chart, even on the longer time frames. But with the bullish indicators, despite of it being a rising wedge, it is most likely to break through the resistance. Please correct me if I am wrong, feedback and tips are highly appreciated.
It looks like the rising wedge was indeed a bearish pattern, but more on the immediate short term. Is that what they call a false breakout? Or is this a minor consolidation/ correction? It did not hit my price target at around 52400, what do you think are the other pattern or indicators that I should have looked into? Ideas and advice is highly appreciated. :-)
This is a one day chart of XRP/TETHERUS. As as candles sit on the support of what looks like a ascending triangle, we can reach its former price, starting at 0.65. Who knows? Maybe within a month. As long as there is no black swan event... (I am open for constructive criticism, advice, tips. I would appreciate that, thanks!)
Does a rising wedge usually mean a bearish pattern is to be followed? I am not sure either, as BTC is very bullish. Anything can happen. 1 hour chart shows candle sticks are above 20 EMA and the MACD looks strongly bullish at the moment. As a trader, we should be aware of the bullish and bearish scenarios, here's my analysis on the price targets. (I am a newbie...
Earlier I provided a bearish and bullish scenario. It looks like the bullish scenario is pushing through so let us see if I reach my price target? I am open for constructive criticism and new learnings, please comment below if you have any trading tips for me. :)
I am on the 4 hour chart. It looks like an inverted cup and handle, although I am not sure if it reached my bearish "price target" already? Or I should be looking at another pattern here? Please correct me if wrong, I am new at charting and willing to learn from my mistakes. Thanks
Just my thoughts on where BTC price can go on a 15 minute chart. (newbie)