Back in late June and early July we mentioned that Bitcoin was likely to go through a consolidation or ranging phase which could last weeks or months. Here we are two months into a consolidation and we are still ranging. Nothing has changed and until the market decides to trend, most are simply guessing at the direction.
The only thing that has changed is the...
People love to bash the XRP chart. XRP haters love to say it's "the worst performing crypto asset" — which, in 2017 it was actually the best performing crypto asset, so that's false. Among other usually false things, they point to the fact that XRP remains in a bear market, while BTC and many others have enjoyed powerful gains. Well, I'm here to show you that,...
Hello traders!
I hope the markets have been treating you well and you've been crushing all of your trades.
In today's post, I want to give away a chart that has made me a lot of money dating back to 2016.
I also want to go in to detail on how I use the RSI to determine when to get in and out of Bitcoin by determining...
There is not much room to continue sideways action since we are approaching the apex of this symmetrical triangle.
The breakdown is more likely (would give it a 70% chance). On the way down we can meet support at ~9600 since we have the EMA 200 coming there + horizontal support + ascending trendline. Don't think it could hold the price.
The conservative...
Good morning guys!
No change from our point of view on the daily chart, the trend remains bearish but we think that this rebound could still continue in the short term. That said, we will continue to follow the pair even on an intraday chart in search of a possible reversal pattern.
OUR PREVIOUS ANALYSIS
(click and paly on chart...
completed bullish gartley pattern formation on USDJPY.
it is a very good trading setup for those who will trade the market opening on Monday.
Entry - on spot
Stop - 104.8
T1 - 105.8
T2 - 106.2
=====PRICE TARGET $135======
LONG ENTRY $103
SUPPORT FROM 100MA AND FIB'S @$100
Innovative Industrial Properties, Inc. focuses on the acquisition, ownership and management of industrial properties. It includes properties leased to experienced, state-licensed operators for regulated medical-use cannabis facilities. The firm intends to acquire properties through...
Watching AG for a breakout on the weekly chart. Ideally want to see 2mill volume in the first hour to allow us to disregard hourly overbought rsi to some degree until closer to the upper 70s. Lack of resistance in this area because of the significance of the dump years ago. Be aware of overbought weekly chart and extended monthly chart.
Contrary to what has be touted in the last 10 years, not every dip is a buying opportunity. Do NOT fall for this concept, especially in today's geopolitically tense landscape.
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With the latest round of China-USA escalation where now the "talk and bluster" has inevitably turned from a trade-spat into an utmost full-blown trade war, Apple will get decimated over...
We can see up trend
Last two month we moving in up trend channel, we already touched resistance line of this channel and now forming symmetrical triangle. Altcoins start moving and BTC dominance can go to first support line. After that we will observe whether we break the support line or not. But we must always remember the blue magnetic support line. Even if we...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
MARKET will open on terrible gaps on AUD and NZD and all JPY pairs. all JPY pairs will open gap down, aud and NZD gap down also badly, could be 50-75 pips easily.
Hi all,
I've got some requests about my thoughts about altcoins. Here you are. I don't like to many words so if you have questions leave a comment below.
Right in front of you the daily chart of the total marketcap excluding BTC.
This is why I'm bullish on alts
1. Last period we're seeing the chart is drawing a bullish wedge as pattern, and I like the shape...
Not many are able to think long term and realize this, but the cryptocurrency markets have already topped.
With summer ending soon, the next 50% price cut might be only a few weeks away.
Good news! I was (finally) able to verify and unfreeze an account with a crypto exchange and cashed out most of my money out of this MLM scheme.
Now, I have no skin in the...
The main event of the coming year for the crypto community is Bitcoin Halving, a decrease in the block reward from 12.5 to 6.25 BTC. It is logical that with a decrease in the block reward, the value of Bitcoin should increase - this is its main idea, the reason why $BTC grows in price annually. The previous halving was on July 2016, and it led the market to huge...
In this Education posit I want to share with you how to pic best places on a chart. Where to open entries with potential profit in 5...10 times bigger than a risk.
I recommend to use Historical levels or Breakpoint of the trend:
- Most of the retail traders set stop Losses below or above such key levels.
- Stop Losses of retail traders is a Fuel for Big...
1 HOUR
Very strong bullish reaction on friday.
4 HOUR
Bearish waving market with several pullbacks to the upside.
DAILY
Price overbought right now, good short entries and risk reward.
OVERALL
Waiting for a last push to the upside taking out several short holders with stops above
previous week/consolidation zone highs and expecting prices to push back to...
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Watching AG for a breakout on the weekly chart. Ideally want to see 2mill volume in the first hour to allow us to disregard hourly overbought rsi to some degree until closer to the upper 70s. Lack of resistance in this area because of the significance of the dump years ago. Be aware of overbought weekly chart and extended monthly chart.
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