On the 4h chart of Cable, a bearish divergence (in RSI, MACD, and Stochastic) is observed with no higher-highs being formed, signaling weakness in the current bull trend. A break out of the rising wedge and a subsequent break below the local support of 1.32990 could provide a short signal where it is expected to fall to at least the 4H support of 1.31760. However,...
All indicators are pointing towards bullish movement to resume across most of the crypto market. Had some healthy selling after insane gains. Could be quickly headed to $1 and beyond.
Hello, dear subscribers! In the previous review, we looked at the overheated bitcoin market after impressive growth. The RSI, OBV and MACD indicators signal the formation of divergence - a decrease in the values of indicators as the price rises. The OBV indicator is at an important level - 1.086M. A break below this value will lead to a significant price...
Oscillators Overbought, Bearish Divergence 5M/15M/1H/4H/1D/1W Time-frames.
Hello, dear subscribers! In the previous review we looked at bitcoin price growth and marked the current support and resistance areas. In the following days, the Bitcoin price was moving within the specified borders. The sellers managed to lower the price to the support zone of $14,500 - $14,800, but they failed to move lower. Buyers quickly bought back the...
Hello, dear subscribers! In previous days, Bitcoin surprised experienced cryptoenthusiasts, showing unprecedented growth. Maximum 6.11 - $15,960. The technical situation of divergence on RSI, OBV and MACD indicators was broken and the market showed a breakthrough in price and indicators. We are in the overbought zone. On the 4-hour chart, we see 10 green...
Hello, dear subscribers! In the last review we defined the resistance and support zones for the current bullish trend. In the following days, the Bitcoin price was under the control of the bulls, which brought it to the level of $14,100, closing the period at $13,940, which is the upper limit of our resistance zone. The bears didn't let the price rise above...
I make my technical analysis based on the 4 hour chart. Anyone can use this chart as a guide to learn on how I make my technical analysis but the risk is yours to keep. If you are a Fx trader (I am sure your are) and have knowledge of support/resistance, you should be able to read my chart easily. You can also use the chart on a lower time frame if you wish to do...
Hello, dear subscribers! In the previous review we looked at the long with the goal $11,700 - $12,000 as the most likely trend in the bitcoin market. In the days after the review, the price of bitcoin touched $11,700, but the bulls did not get fixed above this level. Further, the price of bitcoin was moving in the trading range of $11,200 - $11,600. As a...
Hello, dear subscribers! In the last review, we looked at the bitcoin price movement in the narrowing triangle and the potential exit from it. Buyers ruined sellers' plans and took the bitcoin price out of the triangle upwards with a strong movement. All the indicators show the strength of the up trend. Its target is the resistance level of 11,300 -...
Hello guys and girls, hier is my idea, I think for all of you who are familiar with the head and shoulders pattern, you know how to read my drawings on this chart. I'am already short on this one, maybe a little bit to early, but we will see. Pleas feel free to share your opinion about this trade in the comment section. With best regards, Jens
Hello, dear subscribers! In the previous review we considered the downtrend from the level $10,830 as the most likely pattern of bitcoin price movement. Since then, the minimum price drop has been $10,136. Currently, the bitcoin price is $10,855. We are in a local upward trend with support at the level of $10,500 - $10,600. MACD and RSI indicators confirm...
This an update of EUR/USD pair projection and its fulfilling my markup. Its in the next resistance area , So Please be aware of your trades, look for a short opportunity soon!!
Hello, dear subscribers! In the last review we wrote that the bulls were testing the upper limit of the trade zone 11,800 - 11,900. After the bulls failed to pass an important border, the price of Bitcoin dropped to the lower border of the trading zone - 11,100 - 11,200. This movement formed a local downtrend. In case the bears managed to break through the...
Hello, dear subscribers! In the previous review we considered the possibility of bull attacking the resistance zone $11,800-$12,000 on the daily chart. The attack took place, but the bulls could not get through the resistance. The current price is $11,440. On the 4-hour chart we enter the wide trading zone - $10,700-$12,000. On the daily chart MACD and RSI...
We have a Bat pattern and price is coming into the Daily Structure zone. Looking for a conservative entry such as a Double Top to get involved in a SHORT. Then using looking at the Bat Patterns Targets for exit. I would shoot for T2 at support instead of the conventional 0.618 Bat target. Stops a little above 1.13