This is a quick update analysis about some of altcoins which have a good potential to grow and produce a possible huge profit in the near future. Let's do the technical analysis. History is repeating itself is the most suitable quotes on MATIC here. we can see a similar pattern with previous structure in this huge up trend channel. we see a failure descending...
Hello fellas, How are you doing today? I hope you are doing great. Let's get to the point! If you have seen my yesterday's video analysis about bitcoin in short term and long term view (and if you haven't seen it, kindly see it on this link youtu.be ), you will be very familiar with some of this key levels drawn on the chart. After the action of breaking out of...
Hello Fellas, welcome back with another update from bitcoin. This analysis is gonna be worth it for all of you guys, I guarantee it. Just like usual, I use the bitfinex bitcoin's price and once again, I remind you that this analysis doesn't include the buy or sell strategy. This analysis is for educational purpose and Just want to share you my view about this...
Elliott Wave Theory attempts to identify recurring price movements within financial markets and to classify them into a set of meaningful patterns, which can become a reliable tool for future price predictions. The underlying principle is that price-action unfolds via an endless alternation between trending and corrective cycles, while producing this effect on...
Hey Fellas, feel so interesting with last few days trading result which gives me personally a good gains on some of my coins that I hold. The most profitable coins that I am holding is PPT on Binance and of course for you who have followed my channel, you will realize it as well. And litecoin here is one of many candidates that I would like to share to you. The...
Hello fellas, Let's we start about the analysis podcast about bitcoin which is very important right now. so, sit tight and read this analysis carefully. This is the weekly chart. And just like the title of this current article, we will discuss about the key levels and trend line on bitcoin. Let's make trend line at the first topic to discuss in this first...
Looking back at the EOS here. And if you remember my previous theory about 3 phases of break out strategy, you will realize that current support action for EOS is at the 2nd phases of break out strategy which is retesting the previous resistance that is now become a support. For now, I will looking for a possible long opportunity which will produce a really nice...
Hello fellas, It has been a slow day lately. But, I am hoping that you are doing great! come and take a look at our bitcoin's update on this saturday. Currently the price is moving in a consolidation phase after a drop. I really expect the price to break out of the white resistance trend line and test the 38.2 fib retracement level. My hypothesis is the price...
This is a daily chart for BTCUSD on Bitstamp. The most obvious thing I want to highlight is the battle at the 0.382 Fib level. It is very very common for an asset to have a few checks and tests off of 0.382. And BTC is no exception. For the past few months, we've witnessed a battle between Bulls V Bears at 0.382. Now, bull and bear volume has been declining....
Hello Fellas, finally we come here with an update on the number one largest cryptocurrency in this universe which is BITCOIN! If you've seen my video analysis breakdown on youtube about btc, you will realize that finally btc has got a confirmation of breaking down the yellow area. what's next after this? Like what I've always said, there are a lot of arguments to...
This is a 1-hour chart of BTCUSD on Bitstamp. From the high this past July to the current price, it is clear that price is pivoting back and forth between key levels. Those key levels are: - 0.382 - 0.5 (not a Fib level but still a useful level of support/resistance) - 0.618 - 0.786 - 0.886 From the Fib off of the high around $13.9K to the low around $9K,...
This is a daily chart of GNOUSD on Kraken. Looks like volume is coiling between an uptrend (green) line and a downtrend (red) line. Don't be surprised if you see a BIG move at the end of this coiling. Looking at price, based off of the Fib drawn from the high around $26 and the low around $13, we see some clear resistance at 0.382, a common area of...
This is a daily chart, of ETHUSD on Kraken. We see a relatively bullish uptrend as of late, but I expect resistance to be hit around the $240 level. Why? A few reasons. Firstly, we can see a cluster of historical resistance and support around those levels. Makes sense for price to be tested there again. Secondly, the $240 level is right around the 0.382 ...
Here's a chart that nicely illustrates how the 0.618 and 0.786 levels are frequently used as reversal points by the market. Price is ping-ponging back and forth between these key levels, and we can also see an almost full Volume Profile (parabolic in shape). The shape of this VP tells us that all the prices within this given range have been discovered, with the...
I am going through a book on Harmonics and Fibonacci ratios (The Harmonic Trader by Scott Carney), and I'm seeing for myself how these ratios can be used as key areas of reversal. I used to believe that day-to-day price action was random, but after looking at several charts for myself, I now reject my old belief and concede that price action is greatly tied to...
It has been a very interesting move from bitcoin, after a drop to touched the $10095 region, the price was immediately moves back to claim again the support around $10300 region to produce a long shadow on daily candle. This action could be a good representation of the bulls making their best effort to defend the $10000 region as a huge psychological support....
Hello fellas, Finally we get some moves on BTC and once again our analysis has met the precision here with a drop. I've warned you about the bull trap region and possible drop. At the time I made this post, the bitcoin dominance is standing at around 69.4% which is extremely high and not ideal for me. So, I believe in the near future, the dominance will throw over...