Hello traders, I am sorry that I didn't post analysis recently as I had some health problems. But, I am here to find very profitable trades again! Looking at daily chart, EOS has been on a one-way track. The downtrend is so strong that the bulls have not been able to sustain the pullback for more than 5 months. Despite the recent drop in bitcoin, this is the...
Hello traders, I usually do not do high risk trading (as 1 satoshi means 4% change), but I am looking to enter swing trade Pundi X. Looking at daily chart, we see that Pundi X is within blue ascending triangle for some time, and it is almost at the tip of this triangle. Usually we should see price action roughly around 80% from where the pattern started to the...
Hello traders, If you remember my previous analysis for WEED, I mentioned there were two sell zones before the legalization of WEED in Canada, I am hoping that everyone made sizable profit :) Looking at daily chart, we see that WEED found support around $41.77 and currently hovering around 23.6% fibonacci level. Usually with 46% drop like this, we should see at...
Hello traders, Just quick update for USDJPY pair. Looking at 4 hour chart, we see that USDJPY is hovering around 61.8% Fib level. This could be the double top formation (there is bearish RSI, MACD, and Stoch RSI divergence) If you look at longer time frame, there is also a potential bear flag is taking place, and breakout from this flag is 109.2. My short...
Hello traders, If you are following my TA's, I have been mentioning the potential global market crash, and the sign of speculation is becoming much stronger in last few days. Looking at NASDAQ composite (IXIC), we see few dangerous signals are starting to emerge. 1) The slope of MA 100 is starting to negative: This actually happened in late 2015 and we saw...
Hello traders, If you recall from my analysis, I mentioned that Bitcoin bounce at critical ascending support line and that is exactly what is happening in past 72 hours. Looking at daily chart for Bitcoin, we see that Bitcoin is at the very tip of the triangle formation, and looking to make very, VERY critical decision in next few days, or even hours....
Hello traders, USDJPY found resistance at 61.8% fib level (113.39), and this is becoming a major resistance. If USDJPY goes below ascending black trendline, there is a minor support around 110~110.2, followed by major support at 108. Potential head and shoulders pattern is taking place as well. S&P, Nasdaq, and Dow 30 is starting to form bearish equilibrium,...
Hello traders, After 14 days of sideway movements, we saw bear breakout today. So why did this happen? One of my hypothesis is that there is another round of selling in US indices and people may be afraid of further selling. Therefore, this is a GREAT time to get into the market when the fear level is at the peak. US Market will recover for multiple reasons:...
Hello traders, Are you bored of Bitcoin trading? Well good news is we will probably see another movement in 2 days. Historically speaking, every time Bitcoin hit higher low or lower highs, there are 14 days of accumulation time before it makes clear decisions. It has been 12 days since Tether FUD pump, so we can expect movement very soon. (Bollinger band is...
This trade is pretty self-explanatory: Buy: now! Sell 1: 5200 Satoshi Sell 2: 8600 Satoshi Sell 3: 16000 Satoshi This will be a long trade, so just be patient! Happy trading!
Hello traders, If you remember early analysis, I swing traded a lot of Tron from March to May. (Test net and main net launch) After the main net launch, Tron had suffered another 70% drop, and this is the best time to hop in again. Looking at the daily chart, we see that Tron is struggling to pass 381 Satoshi since mid July. Although there was a fake out...
Hello Traders, I recently hear a lot of FUD regarding on Vechain, and let's see what chart is telling us. Looking at 4 hour chart, we see that there is potential head and shoulders pattern. However, it seems like Vechain is rejecting this pattern in past 12 hours. If we start to see strong bounce here, Vechain will solidify $0.01085 as a major support. There...
Hello traders, After tether-fud pump, we see Bitcoin found support around $6500 once again. Bitcoin has been trading between $6400-$6800 for quite sometime, and it is very important to get out from this zone in order to start new bull run. Looking at 4 hour chart for Bitcoin, we see few interesting and bullish signals in past 48 hours: 1) Stoch RSI at bottom...
Hello traders, Looking at 4 hour chart for USDJPY, we see the clear rejection at 0.382 Fib level. Usually, in ABCDE correction, we will see 0.382 Fibonacci retracement (Wave B) followed by wave C, which is 1.618 times longer than wave A. The target for Wave C is 108 where we see a confluent zone of support. Minor note: I still think USDJPY can go up to 113...
Hello traders, Looking at hourly chart for Nikkei, we see a strong bounce at a major support level, and I expect 0.382 Fib bounce. Target: 23000 Most likely it will form head and shoulders pattern before the market crashes so this will probably be a final chance to exit the trade if you have not exited the trade yet. Happy trading!
Hello traders, If you remember from the last point in my previous analysis, I mentioned that bulls were getting aggressive and I had to change my bearish view before this huge rally! Looking at 4 hour chart, Bitcoin managed to penetrate both $6800 and $7400 resistance, and currently trading around $7000 zone. There were so many shorts opened in Bitfinex...
Hello Traders, After 2 days of side way movement of Thursday dump, it is the time for another volatility. Bollinger band is already starting to narrow, which indicates imminent volatility. Looking at 4 hour chart for Bitcoin, we see that whenever Bitcoin goes oversold or overbought region, Bitcoin always shows bearish or bullish divergence before the trend...
Hello traders, Looks like Bitcoin is going down while majority of US stock and index fund are suffering the losses. After I saw tightening equilibrium pattern breakout, I instantly sold my position, but I was not expecting this high selling pressure. However, this does not mean that we can't make a profitable trade!! There are tons of swing opportunity while...