A quick retracement after profit taking by the bulls. Successful tested the demand area at 530 with good stopping volume at the the 61.8% (38.2%) Fib level. Buyers are present! This gives a target of 833 which lines up with the supply area at this handle. Technically obedient which is nice to see.
Key level for ETH, I just adjust previous long entry to a more aggressive one and little touch to the targets price. To the short side, price is downtrend continuation, so as we seen before price can still break down, the same impulse will lead us to $215( yellow line ), my short targets are more conservative but I'm ready to keep trailing if $ 300 dont hold.
BTC draws another rising pennant and it's about to break down. This pennant is a right shoulder at the same time, so if the neckline (7850) not going to hold, we eventually should see 7200 which is close to the line of Cup&Handle confirmation. Stay tuned * Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for...
Etherum Classic has been a great money maker for us. ETC is always making us money, and now the charts are calling saying that they want to pay us more. Ok, we get it, let's look at the charts and see what is it that is coming... How it is that you should trade this coin. Etherum Classic (ETC) Trade Analysis by Alan Masters Etherum Classic is the original...
BTC finishing wave E which means we are at the highest price that will be available in near future. A small flag is not broken yet, but volume declining and we are right under resistance. Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for educational purposes only
Bitcoin price for a while now has a stable price movement and low volatility compared from previous months, and year to date now a huge difference how the market moves, not just Bitcoin but also other cryptos. At the moment the price of Bitcoin is pushing against the resistance at $7200, if it extends beyond can reach another resistance zone 7600-7900. It is...
Looks like ETH is testing historical resistance. Reasons to be bullish: Daily RSI near 20s, trend line support, no overwhelming sell volume, inverted HnS forming on the 4H chart Reasons to be bearish: A common bear flag forming on the 4H chart, BTC inverted cup and handle forming on the daily. Last time BTC dragged ETH all the way down. I'll take a short or long...
Hi, guys! BTC continues to fall, and now we have two bearish patterns: H&S and Symmetrical Triangle. The target of H&S is around 6k while the target of the triangle is 4800. See my previous chart for more information.
The time has come. BTC Daily RSI under 30, the target achieved, and we have a really large falling wedge. I'm scaling, and the large portion already bought. If you want to be really safe, wait for confirmation.
We reached 1st and 2nd targets, but never see a bottom or oversold conditions. I think we should visit 30RSI on daily and launch up. Most likely it will be a trendline that we made with recent bottoms ~ 6.5 - 7. Looking at 1H RSI, most likely we will see a wave 5, but it 0.382 Fib will be breached, we may go straight to the target Trade only at your own risk....
**Update: We had exact same wedge right before this one(yellow lines from 8600 to 9800 and down to 7800 ~March 11-13 ), and now it's painting a bearish a flag. 8500 area has a lot to tell. Watch it closely. GL Although most of the traders were bullish, and keep posting bullish charts, BTC 0.50% painted a rising wedge (yellow lines) and we successfully broke it....
Same as with LTC's huge H&S that I posted yesterday, BTC formed H&S and approaching a neckline. The target... Let's don't even think about it. Look at my previous charts, and notice a green support line around 6.9-7k - this is a neckline. If it will be breached, things may turn very nasty. If you are a HODLer, please, rethink your strategy
ETH is at a very strong support line, pinbar reversal candle has formed on the 4 hour chart. great chance to enter now with a very tight stop-loss just a little under the last pinbar candle.
Seems like LTC drew a HUGE H&S on the daily chart, and the target is mid $40. We are right at the neckline, and surprisingly(no) LitePay which caused a major FOMO run recently, was officially shut down this morning. Be careful, don't become a "HODLer"
Next update after the the next long position. Sell territory as of the most recent price move.
Here is a trade based strongly on fundamentals. We are trading Etherum Classic based on a very strong piece of news, news that the entire cryptocurrency markets love, Hardfork / Airdrop. I've been recommending Etherum Classic since December 10th, you know we trade LONG term. Long term is safer and produces the best results. Our first buy-in range was between...
looking to see if a bounce goes up to major trend line, if we break the trend line then it's all in - otherwise we're going to retest prior lows.