After the pullback on Thursday night, the bears are at it again. Yes the same "experts" that have been calling for a huge pullback since, let me check 4k, are ignoring the structure and proportion of this rally which is clearly bullish. Unfortunately many have missed out on the rally or simply flip their calls depending on the direction of the wind. One simple...
Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the daily BTC chart, you can see that Bitcoin is testing the top side of a huge downtrend channel, which it has been trading in for over a year. To those who don't believe that this is a downtrend channel, I can quickly prove that it is, by showing the reactions that BTC has...
Trading Environment-Short Term: Current Environment-Neutral
Hi Everyone, I will be tallying the numbers today for the weekly winner of the contest. G-
Sent 05/20/19 9:05 A.M to members--Futures are under some selling pressure again this morning after Friday's very weak close. The /ES is approaching the inverted head/shoulders support zone and if that pattern is...
Greetings my beloved cryptocurrency traders, we would like to share with you the long term chart for Cardano (ADABTC) today.
Feel free to hit like now, and please allow me to entertain you for a few minutes... This will be quick... Namaste.
Cardano (ADABTC) Long Term Chart
Take a look at the chart above, the yellow circles, we are looking at a triple bottom...
XAUUSD / H4 / Technical Chart
Formation: Cypher Pattern
Risk Management: Fixed Lot Size
Target and Stop: On the Chart
Wish you many pips
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If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
Do you remember one of my previous post about the $8,000 level? There is discussed about certain directions on the Weekly chart after the Weekly candle close. This discussed week is over and we have to talk this through because this is strongly on the agenda.
Over the past, the Weekly candle has closed above the $8,000 price level three times.
Two times it has...
BTCUSD is making the move finally, Volatility is back on BTCUSD.
We still may see one more drop back at bottom at 3k and then rise. Currently we dont have price action for one more drop we are looking for the bullish trend to continue after forming correction.
At current price we are expecting correction to complete and then break for the next...
Bitcoin was rejected for the 3rd time on the 8,200 - 8,360 zone, making a Triple Top rejection formation on 4H (turned neutral with RSI = 51.868, ADX = 28.597 as it is trading close to the 0.500 Fibonacci level). We are expecting the rebound zone within 6,400 - 6,800 assuming that the decline rate on every rejection increases by 0.40. There is also an obvious long...
I don't want to go into much detail on this one. This is just the current volatile price action explained by the assumption that Bitcoin is trading on a symmetrical pattern.
The July 2018 - December 2018 price action is close enough to be an inverse formation of the December 2018 - today formation. Their distance from High - Bottom is identical (144 as opposed to...
As we all know, gaps on CME exchange are closed in 93% of cases, and recently these statistics are only more often confirmed. Usually, gaps that weren't closed, are not significant, they were NOT formed on weekends. However, we can see that during this weekend there was formed an important gap, which has to be covered at least with a wick.
Yesterday we posted an...
BTC bulls made a push last night that rejected from the high of this entire move by 1%.
What is notable is the bear break on the 4 hour chart with no follow through.
This is notable because there is a lack of price history support in that range, yet bulls bought the dip quickly.
The sooner the bulls erase this double top, the better for comfortability.
First we saw how the BTC-Dominance increased from 50%-60.1%. That was were OUR FAMILY made a lot of money when we went from 5k to 8.4k USD.
Then - literally out of the blue - we dropped 4 % in BTC-Dominance and everyone was shouting Altcoin season. Altcoins fared better than Bitcoin, BUT it was only for 2 days.
So What is Going On
Trading at Key Levels which...
This is the update to my previous post which you can find in the related ideas.
The price bounced from 7000.00 support zone. After a short term sideways movement, we could see a strong bullish candle and reaching 8000.00 resistance level. If we talk about the 4H timeframe, we have a structure where the price corrects the previous upward movement and makes a new...
Bitcoin got to "60 minutes." CBS channel will tell millions of Americans about cryptocurrency
Bitcoin and Litecoin can now be sent via WhatsApp. Bot Lite im ahead of Facebook
large closing short positions and long positions growth on the Bitfinex exchange