GBP/CHF looking to the upside Inverse Head and Shoulder Pattern Bullish RSI Divergence of the whole H+S Bullish Flag Pattern confirming entry Enjoy!
I am currently bullish on the higher timeframes for fiber as i think it needs a price correction before the longer term bearish phase continues. Price will seek liquidity as i have marked on the 4hour time frames. Price is currently on its was back to origin(a key supply zone) and a key psychological level 1.5800
BTCUSD is forming the bearish pennant, by Fibonacci-lvls main target 127,20 %. Can reach the active zone than - downward, or go down at once in the small flag (show below).
- 126pips T1 - looking for a pullback and pattern lining up on the 0.786 before going back south
Next level of resistance is $8400 IF/WHEN bitcoin breaks through, the $8400 will become the new support making $10K next level of Resistance. Etc. etc. This has been clearly illustrated in the chart. Please Do NOT use these 'bitcoin levels' as indicators for target practice. I just started 'stalking the bitcoin' yesterday, So my opinion cannot be trusted ...
Needs to build up more steam! Doesn't have the power yet to push through!
Disclaimer: I just returned from my good friends birthday party and am well above the legal limit. I have been drinking and my analysis should be taken with a grain of salt. Long story short - resistance at $6,725 has failed to push the price below $6,390 and we are primed for another $750 - $1,000 pump. Short story long, there is a lot of resistance built up...
Yesterday we examined the ema’s crossing over on shorter time frames, the bullish setup on the 4 hour Ichimoku Cloud, as well as the reasons that kept me out of the market while awaiting further development. Today we are going to look at a few reasons why this market could have found a bottom as well a few reasons as a few reasons why it hasn't. Let’s start...
Current Outlook 1-2 weeks: neutral-bullish 2 weeks - 12 months: bearish 1-2+ years: Super bullish Yesterday we went over the reasons why I changed my short term outlook to neutral/bullish for the next 1-2 weeks and today we will narrow in on how far this bounce can go. The last 4 hour candle challenged the resistance cluster at $6,724 and appears...
Yesterday we looked at the tweezer bottom on the weekly chart and I expected that to provide the support needed to break through the downtrend line that started on 5/5. We did end up breaking the trend line and now I expect a sustained rally for the next 1-2 weeks. We have a bullish crossover on the 12 & 26 period EMA’s for the following time periods: 1h,...
Yesterday we went back to the drawing board after the trailing stop losses were triggered on my ETH:USD and BTC:USD shorts. I am 99% certain that we are yet to find a bottom, therefore I am preparing for the next bearish entry. If you missed yesterday’s post I would recommend giving it a read. I outlined major areas of resistance and it should give you a good...
Yesterday we identified a bear flag (red triangle) and adjusted the stop losses based on Bill Williams Fractals from the daily chart. The flag failed to confirm with a breakdown below $5,776. Instead we got a double bottom that led to my stops being triggered on BTC:USD and ETH:USD. Yesterday was a great example of why I have been saying that shorting...
Over the past couple days we have been examining the short selling volume as it relates to the price of Bitcoin. I noted that the shorts had fallen off drastically while the price had remained flat/fallen slightly. That told me that the only buyers above $5,900 were short sellers taking profit or getting liquidated. On day 122 I wrote: “I am expecting the...
Yesterday we took a look at the short sellers on Bitfinex in relation to the price of Bitcoin. I noted that the shorts had fallen drastically while the price of BTC remained flat. That told me that the only buyers at this level are short sellers who are covering or getting liquidated. I predicted the shorts to continue to fall to 22,765 before a sharp reversal....
Yesterday I added to my short position after the hanging man candle on the 4 hour combined with the bearish crossover on the 12 and 26 period EMA’s on the hourly. I have been expecting the breakdown of $5,900 support since last Saturday and am viewing this current bounce as the final short squeeze before the sell off. The amount of shorts has fallen...
USDJPY has broken its trendline, retested and confirmed it. The retest level is confluent with the 89 EMA as well as a key support level, now turned resistance. A down fractal also formed with the 89 EMA and Williams Alligator. Further support levels will be used as price targets. SL: 110.100 TP1: 109.21 TP2: 108.5
Yesterday I added to my short after the hanging man candle closed on the 4 hour and said that I expect the top wick to mark the peak of this rally at $6,345. Six consecutive red candles followed and now we are back below $6,250 resistance. We just had a bearish cross on the 12 & 26 period EMA’s on the hourly chart. As you can see below that is what...