NhatHoai

NhatHoai Updated 

One more time, I predicted exactly the zone to sell (blue arrow), after reaching 78.6% fib bitcoin was immediately rejected and fell back to the lower support of the bear flag. Note that this bear flag is still intact now. Furthermore, we can see that for the past few weeks, the 50 EMA (in blue) in very active and strong as it rejected BTC 4 times. However,...

NhatHoai Updated 

Last time we predicted exactly the zone to sell (blue arrow). After reaching the 7400 zone with the 50 EMA standing right there, Bitcoin hesitated for a few candles and fell to the botom of the big bear flag forming since March 26. This bear flag has a target of 4700-5100, and this is also a strong support zone. However, if Bitcoin breaks down from here, this also...

NhatHoai Updated 

We are still trading in a big big downtrend channel as Bitcoin broke the recent swing low on March 12 with very large selling volume (marked by black arrow on the chart). BTC is now forming a small bear flag with target below the red support line. If BTC breaks down from here it could even break the lower trendline of the red channel. However, MACD seems to be...

NhatHoai

Bitcoin has completed another Head and Shoulder pattern on the 4H chart, and this time with the target at 7500 support. For the past few days the pair has confirmed the 200 EMA and 50 EMA as very strong resistances and now they are both leaning downwards. The MACD is also bearish as the MAs are both below the 0 level. Volume is decreasing which is typical during...

NhatHoai Updated 

The ETHUSD pair formed a very large inversed Head&Shoulder pattern since the beginning of Ferbruary, but now it is facing significant resistances to complete the pattern: the down trendline and the 50% fibonacci retracement. If price breaks above that big down trendline it may rally up to the 78.6 fibo level which is also the target of the H&S pattern. However,...

NhatHoai

Since the beginning of December, the pair BTCUSDT has been forming a head&shoulder pattern. Now it is trading at the critical support at $13000. Yesterday, the bears tried to break below the $13000 support-also the bullish trendline forming since 18/12 but could not succeed. This is marked by a bearish candle with very long tail - #hammer pattern, which indicates...