In the previous post about Bitcoin I used the tools of Technicla Analysis for predicting further price movements. The main idea was that the price reached the up line of the ascending price channel. Mainly, the price reverses from such zones and falls to the middle or trend lines of the channel. But it's Bitcoin and it can do everything and move in any direction ...
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ETHUSD Update: Double top has now appeared within the 320 to 352 resistance zone, just under the 357 extension. This is a bearish sign and can lead to a retest of the low 300s which is the area I am looking for a possible swing trade long.
Now keep in mind, this double top does not mean the strength of this market is over, but it is a formation that signals ...
In this post i wanna share one of my method in analyzing price movement.
sample 1 :
we have symetrical channel up. After channel up resistance broke up, that resistance line will become support in next wave. Price action will try to break it as correction pattern.
sample 2 :
Again, we have same pattern here, symetrical channel resistance broke up with bullish ...
Sell below 0.7891. Stop loss at 0.7955. Take profit at 0.7789.
Reason for the trading strategy (technically):
Price is dropping perfectly as expected from our selling area. We remain bearish looking to sell below major resistance at 0.7891 (Multiple Fibonacci retracement, bearish price action) for a push down to at least 0.7789 support (Fibonacci retracement, ...
I get a lot of comments your always bear. Well actually I'm not. The reason many think this, is because the runs to the next Fibonacci levels are very quick. Oct 9th after breaking $4700 I posted the article a "next leg up". I had several target levels and the final T3 level was $6000. We got there pretty fast within 3 days. When we reach these target levels, ...
Gold took a big hit today. I just want to wait for the daily close before updating on the daily chart.
I didn't like how we broke out of the flag last week. It was not the typical breakout when price is running higher 20$ the next day. It was just a weak breakout: a back test of the flag, a few more hours of a range and we needed to wait for a bounce until ...
With The Swell coming up tomorrow 18thOct17, in Toronto Ontario, we have the Fundamentals playing in the background:
http://www.businesswire.com/news/home/20171014005005/en/Ripple-Host-Swell-Future
On my earlier call on 12Oct17, I know some of you PM'd me to say thanks as you cashed in early for a quick profit and were happy bunnies. I'm all for cashing in as ...
We have triangle. We can break resistance line and go to 6150 area but its no intresting. Rally need continue. I Looking for down. My positin opened just when it break blue line.
I think until November 1, we will see a maximum on bitcoin
Following 4200-5800 spike, the need for a consolidation or a correction was obvious.
Price seems to consolidate within 5400-5800 band, 5800 level acting as a tough resistance for now.
Watching which way the band will be broken, and still looking for a long opportunity for the next spike.
Eucalyptus just above 6000…
Retest back into a demand zone , possible retracement, long opportunity
Stuff to remember:
— First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further
— Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly
— Check the ...
XLM breaking out been accumulating the whole way down took some profits last night at 3am https://www.tradingview.com/x/30JTWFBL/
back in at 600 sat range
aiming to sell once we hit these dollar targets.
111.70-111.40 is strong support zone
and last 4H candle was an bullish Engulfing
Therefore we can buy usdjpy now
and Aim : 112.35 / 112.77 / 113. 40
SL: 111.40
Potential DOUBLE TOP in development on intraday chart (SELL OPPORTUNITY)...
If you think this analysis can be useful, leave a your comment or your LIKE!
Thank you for support and trade with care!
![NZDUSD: [NZDUSD] POTENTIAL DOUBLE TOP](https://s3.tradingview.com/v/VjKbLovt_mid.png "[NZDUSD] POTENTIAL DOUBLE TOP")
