ywvlfy

ywvlfy

Hello friends. Hope you are all staying sane during these strange times. As always, a like is very much appreciated. Strong trendlines are approaching many crypto assets. The momentum of ETH is very promising at the moment so in my opinion trading ETH is more profitable than BTC with the upcoming swing. As illustrated with the green and red circles, once the...

ywvlfy

I would be very careful trading this. Price is going up, but the volume is decreasing. and a convincing head and shoulder formation has formed on the latter end of the trend. Some may argue the $6750 neckline is sloppy but low volume leads to more volatility, so the neckline not being completely flat and clear cut does not by any means invalidate the Technical...

ywvlfy Updated 

clean symmetrical triangle on the recent incline, and it seemed to have broken out positive, for now at least. Clean Head and Shoulders on the 4 hour chart right now. So i don't expect the moon any time soon. But as of right now, I am long and pyramid scaling until i see a stop in the incline. small, quick, easy profits. Short around $6950, that's when the...

ywvlfy Updated 

Title speaks for itself. Resistance is broken. Symmetrical triangle broke out upwards. Volume is gaining steady momentum. Expect this to go up to 8K, at least. Possibly more.

ywvlfy

Quite an interesting pattern forming here. If you look at the chart, after significant gains/losses, there is a very flat mid range, that serves as a waiting period. every 2 or 3 sequences of waiting periods does not come without a mild trend reversal. if you look at the latter part of the chart. you will see that we've seen significant gains in between waiting...

ywvlfy

Not looking good for tomorrow. Note the volumetric divergence As well as the symmetrical triangle is right at the line for the resistance. Volume is bleak. Resistance is here. Tomorrow will surely be interesting.. Remember, always have a stop loss ;)

ywvlfy

XTZUSD looking pretty strong here. looking to catch the re-test due to the bearish divergence on the RSI, also not very significant volume on the gains. The resistance being broken once or twice doesn't scare me since it is an alt coin so abnormal volatility is expected.

ywvlfy

When trading, it's best to block out the noise. Think for yourself first and foremost. There's a lot of noise going on in the trading world at the moment, crypto world especially. Now, more than ever, it is essential to think for yourself first. Keeping it simple with my TA, as always. There's a clear cut, bullish, ascending triangle formation in Bitcoin's...

ywvlfy

Would keep these levels in mind going forward. I want to mention that im overall bullish due to the obvious ascending triangle being created, but nothing without significant retests first. that 7K resistance is a big one, Just keep pushing...

ywvlfy

hard to call which path it will take from here, either way i will catch the bounce. volume will pick up soon, that's when we'll start to see some action.