Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** One of the best methods of technical analysis at the beginning is to know the direction where it is heading Including the ascending channel and the descending channel pattern When drawing an ascending or descending channel, the tops of the bottoms are greater than...
Bitcoin has been rather boring in the past few weeks, just hanging around this consolidation zone. I have my eyes on this level off fibs, we have a bullish engulfing and now an indecision candle at the 38 I would like to see it test the supply zone and give us a decent break out of this consolidation zone Note : Supply zones are determined buy the last Green...
In this video I go through the process on how to build simple oscilator with Bitmex/Deribit (Perp Swaps) vs Coinbase(Spot) Basis. This data may give leading clue to what Market Makers and other big players may be doing on a macro level by taking advantage of funding.
Possible Cat Ears pattern, note that i said possible. A cat ears pattern is found after a downtrend and consists of two "ears" which you can see above. Its a downtrend continuation pattern but it has a HIGH FAILURE RATE which means you are probably better off looking for long setups on it. A cat ears pattern has 6 variations, follow the link here and you can see...
The BTC.D Chart shows the total % of the Cryptocurrency market cap that BTC holds, why is this important? When BTC Dominance rises, that means money is flooding out of altcoins and into bitcoin, usually in highly volatile times. When BTC Dominance consolidates its a sign that money is moving is flowing between the altcoin and bitcoin markets and this is the...
This chart is just to reflect on later/view to identify the current gaps on the Bitcoim CME chart. But why is this important? CME, as a multi-billion dollar derivatives company, has no incentive to push for Bitcoin options and other investment vehicles if there simply is no traction or demand from the market. As the company’s executive Tim McCourt said, CME’s...
Possible descending scallop pattern on BTC. Ive made two charts two show that: 1. We could be already playing out the breakout of this pattern (left chart) 2. We may come down now and this pattern can fail this is the real breakout of the pattern (right chart) Descending scallops form the rounded bottom then after a short uptrend the price swings back...
XBT has failed to break resistance 3 times now. overall trend still bullish however we are long over due for a pullback. I think we should see some new market structure here and perhaps a drop down to the demand zone. I will be watching closely for shorts XBT/USD 4hr
After a 17% drop over the weekend we now are back in a nice consolidation zone. this level is right on our 61.8 fib level, it also lines up with previous structure before we seen a move to 10k. Short term we may head down and test the trend. IMO it wont break that overall trend and we will see another move up. I am seeing a lot of these candles in this zone...
XBT has created new market structure and we are back to the price level pre covid-19 There is strong resistance to break with an equally as strong supply block, the next supply level isn't as strong (due to only a small consolidation zone before it) meaning we could easily break though it. XBT is a no trade zone for me at this stage. I will be looking for shorts...
I am seeing signs of a retrace now. we have failed again to break through the supply zone, forming a double top. I think we will see a bounce around at the 1st demand zone before potentially breaking down to the second zone XBT 4hr
LTC has been in a downwards trend for quiet sometime now. I am currently watching this current demand block. if we break though it we should see a move down to the next demand zone or even a touch and bounce off it. that's when I will be looking for longs. no trade just yet. if we tweezer bottom off the support then I will be looking for longs after a break in...
a few minor changes from yesterdays chart, today we broke out of the consolidation zone in a bearish move but the bulls came back and stopped the price getting through the demand zone. also lines up with the 61.8 on fibs I am thinking we are going back up to try and break that resistance level once more. XBTUSD 4hr
XBT looking very indecisive as we move slowly through this current consolidation zone. I am waiting for a retest at resistance to see if we can create new market structure. XBT 4HR
still in the consolidation zone after the weekends drop. In my opinion we bounce around in this zone for a few days before we see another move Current direction is up however trend bias is still bearish. XBTUSD 4hr Let me know your thoughts
After a decent 20% move in the last 24hrs can we break this resistance and make it up to the supply zone? In my opinion this looks like a key level and could be a hard level to break. we could consolidate just below this resistance for a few days before a re-rest. ETH/USD 4hr
Ripple used to get a lot of bad rep. from us cryptocurrency lovers... You know, the whole centralized stuff... Well, now the feeling is completely different, Ripple has become part of the market and we take it for what it is... Another altcoin that can be traded for profits for those who have the knowledge, patience, and experience to do so. I also believe that...
XBT has tried to break that key level of resistance multiple times now, the more times it is rejected the weaker it gets. after a quick spike up to 7300 last night we still closed below that resistance level. yesterday we broke the supply zone so you will see I have made the new supply zone which is at high 7's at this stage in my opinion if we close above res we...