As I was doing my last analysis around Fibonacci, I discovered this trend line on the logarithmic chart that played a dominant role in the support of Bitcoin during it's last bull run.
See my fibonacci analysis here showing a strong resistance at the trend line I highlighted here....
If you want to be bearish in this bullish market, you should have some reasons for this. Let me help you to support your position providing bearish signals one by one.
What if the market forms a double top? This chart pattern belongs to a reversal group of patterns and it can confirm a trend reversal or a correction as a "light version".
The double top will be...
Hey guys this is very risky call for short, but the risk/reward ratio look good for it with risk of less than 2% of our capital to gain if play out almost 22%.
Spotted potential BAT pattern just like before and I believe this will likely play out.
Note the stop loss level, and remember to acknowledge it if price go other way.
Green lines are for the profit...
Like, comment, share if you agree with me! I just can't see it going to $10,000 in this year or $1,000,000 by eoy 2020.
Everyone is saying we are going up, but they said that the lasts 20 times too.
Everyone is afraid to be bearish because everyone is bullish and they don't want to delude themselves if bitcoin goes up.
"Bitcoin is a short! It's going back to 3500!!! Go to Bitmex and leverage everything you own right now!". Sound familiar? If you have been on the internet since Bitcoin's first attempt to retrace off the 5400 high, it should sound very familiar. It is the general consensus among the herd. In fact I have seen this sentiment posted on my comment forums regularly....
In this article we will discuss the Golden Cross and the Death Cross. These colorful terms refer to graphic models that most traders use in their trading every day, but may not mean these names. Along with many of their counterparts, they include a whole section of technical analysis . Most often, these graphical models are referred to as the intersection of...
I can draw lines pretty well, I went to art school after all. And as a human being, I can recognize patterns and assign them - arbitrary or not - to any situation to suit my preference to how I want to perceive an outcome of an event, even if that pattern is truly meaningless, in the end.
Here we have another line put under the big pattern that makes our current...
Happy Easter to everyone in the cryptospace and to the people reading this new weekly update. Pretty boring week in trading land (Except for Binance Coin and BAT moving hard the past week) and volatility and volume is drained downwards. Not expecting next week to be the same boring level and expecting that we finally see some interesting action on...
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DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
Symbol: GBP.CHF - British Pound / Swiss Franc
Timeframe: Daily, 4-Hour, 1-Hour
Predicted Direction: Short
GBP.CHF - British Pound / Swiss Franc updates will be available in the comments section below as price-action develops.
XRP has had an absolute shit year so far, virtually only dumping. But as everyone knows, when XRP moves, it MOVES. This will be a potential 300% gain or 80% loss. Be careful! Criticisms always welcome.