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...
Ripple (XRPM19) just had a very strong bounce after hitting a low point on the 13 May. This wave treated us nice with great profits as we bought around 0.00004400, we believe that there will be more.
Ripple (XRPBTC) is almost always moving down when Bitcoin (BTCUSD) is moving up, but now we are seeing both Bitcoin and Ripple moving up simultaneously, another...
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...
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...
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 Potential Cup And Handle
Since Last X'mas, I Shared my Idea to buy from 3600
now BTCUSD has completed the CUP
Just be ready for the handle to be completed.
(It's good to buy from 6500 Level.)
and the next Target will be 14000
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.
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...
The picture's becoming ever clearer.
It's almost as if knowing critical price levels is key to using Fibs.. seriously, after spending 8+ hours screwing with Fibs last night, I feel like I learned a hundred and one tricks with it.
I decided to combine this new found Fib power with my signature 'Rounding Curve' method that I've used in dozens of charts in the past,...
XAUUSD made a correction end on the red resistance zone .
This channel now has its 5th wave ongoing.
We were assuming a more higher high would come for a double top , but it did not happen.
Now on weekly chart, gold is showing another hammer for sellers.
Keep our last short trade signal on gold till tp1 (1273)which is quite...
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...