Everyone was looking for ETF confirmation to get long. But the market turned red!
US SEC grants approval for spot bitcoin ETFs - RTRS but the market moved against expectations.
This is why we say never trade with fundamental news.
Everything is hidden in the price action.
Bitcoin had reached the ceiling of the channel and also our indicator had given a short...
Hey! Have you been spending day thinking about mistakes you made and things you didn't do?
Investors are knowingly comparing an exchanges to a casino. A gambler, losing, does not get up from the gambling table in the hope of winning back. He believes that the likelihood of winning increases with every lost bet. This phenomenon, called player mistake, is common...
I am now about 4 weeks into sharing my #Barrelin pattern and associated trading strategy mostly on Twitter.
In that time I have developed more regimented rules in hopes of automating the hunting if not the trades themselves. Here is the strategy as it stands today:
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Entry
4hr close above 75% on RSI (14)
Continuation
Hold EMA (8) on 4hr close
OR
1D...
1-consistent set actions
-Your action must be consistent
-inconsistency leads to inconsistent results
-what are your goals from trading
2-money management
3-model success
4- Emotion management
5- Trader Psychology
if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it...
Looking similar with the other 2 coins IOTA and BNB. Currently the price is trending slightly below the resistance zone of the ascending triangle pattern for short term perspective. But, for longer term perspective there is a small gap for the price to test the resistance trend line that is a strong resistance zone. Breaking above this resistance trend line will...
Currently the price is trending slightly below the strong resistance horizontal line (white). Beside that, there is still another hidden bullish divergence on RSI that is forming now. Breaking above this resistance will leads the price to interim swing high as the nearest target.
The price is having a strong momentum to breaks out of the white resistance trend line soon in the near future. There is a strong horizontal resistance zone that the price is currently trending at. However, this zone is having an alignment with the resistance trend line formed in the daily degree. Another strong indication that the momentum is so strong is that...
Breaking out above the green resistance trend line with a huge candle which is good for the upside potential. Currently, the price is trending slightly above the white support zone which is a strong zone for buying during this accumulation. All I can see is an upside potential moves with a short pullback to $230 region as the support line and the $225 as the...
Here is my premature deduction based on the Elliot Wave Theory and count on Ethereum Classic. There could be a complex and flat correction wave on 4th which forms a potential descending triangle that usually becomes a failure. Beside, the RSI has its first peak and there could potentially the 2nd peak which forms a lower high but higher high on the price. Breaking...
Quantum is looking good for now. The action of slowing down of the volatility and the fact of the contracting triangle to form after a huge break out from the white resistance trend line could be the action of the accumulation zone. During this accumulation phase, the bulls is slowly gaining some momentum of potential breaks out to the upside of the triangle....
Looking at the price, you can see that the price bounced right after it touched the golden pocket zone which is having an alignment with the 200 Moving Average on the 4 hours chart. The price potentially is forming a sign of inverse head and shoulder which usually is very bullish as a reversal pattern from correction. If the price can breaks out of the white...
A simple deduction of current price action and the chart pattern of ripple. With the structure of bullish falling wedge pattern, there is a possibility of the price to moves up higher and challenge each fib levels especially the golden pocket as a strong resistance. The fact that there is a bullish divergence on RSI and MACD making this structure is very...
Hi everyone,
This is a clear picture about our Bitcoin.
It is inside a Downtrend Channel and the channel is not that big to do great trades, buuuut.
You can short near the U$9400 zone.
Or you can long near the U$8800 zone.
Only quick trades.
You must stop if Bitcoin breaks to any side opposite to your trade.
Altcoins are clearly better than Bitcoin to trade...
This coin is worth to see, some confluence reasons to go long is strong enough with current bullish structure. The price is now trending slightly above the yellow support trend line which has held the price since June 15th. Another side is that the price is now forming a bullish falling wedge which usually will shows us some sort of bounce in near future. Entry...
The price is currently forming a Symmetrical triangle with the sign of lower in volume and volatility. On the 2 hours chart the price is trending slightly above the EMA 55 (yellow) which acts as a dynamic support. This is however a strong support for Pundi X. While the price comes closer to the APEX of the triangle, I'll expect a breaks toward the upside and...
Harmony is now trending slightly below the 7 month resistance trend line which has been formed since December 2019. Breaking out above this region will give us a chance to print another easy 80% profit with the target at the white region. A huge volume is needed considering this resistance trend line is a very strong resistance. A huge volume means a huge...
The price is trending slightly above the white region support. This white region support however is a strong support zone which has confluence with the 200 MA on the daily chart. Another confluence reasons to enter this trade in the upcoming session is that there is a regular bullish divergence if we compare it with the RSI. A lower low price action with the...
On the 2 hours chart, the price is trending slightly above the 55 EMA which acts as a strong dynamic support (yellow). Beside that the price is now forming a strong bullish falling wedges. This is however could be the action to complete ABC zig zag correction structure. I will only catch the B wave which align with the golden pocket zone as well before shorting...
