Ok Traders. I am not all the way bullish yet. But this is looking good. For the first time since November we have now broken to the top side of our long-standing resistance zone and out of this year-long bullish descending wedge. Before we get too excited, remember, confirmation candles are necessary here on the daily. We need another candle to open and close...
Friday the S&P hit a new 52 week low, being oversold right now. I expect a bounce in the stock market next week, which will determine a bear market rally in the crypto space too! Ravencoin RVN is one of the cryptocurrencies that have a lot of potential for a bull run. RVN/USDT Entry Range: $0.032 - 0.037 Price Target 1: $0.045 Price Target 2: $0.057 Price...
Bitcoin Daily, Triple bottom pattern. How does it work? The triple bottom pattern consists of three acute lows at around the same price levels. The pattern typically takes almost 4 months to develop. It is one of the longer patterns to develop. The triple bottom is a reversal pattern. This means it is important to the quality of the structure that it starts with...
Hello there, As you can see bitcoin is currently forming some new information. We have got several bullish patterns, but my confirmation is once we break above the descending tirnagle.
1D BTCUSDT, Bigger picture: Bitcoin has formed a descending triangle, inside of it we could also notice that we have got an inverse head and shoulders pattern. On the small timeframe we could notice that on the last 8 days we have formed an Eliott wave corrective pattern, expecting our (A) corrective phase to end here at the demand zone of (Point of control) for...
GBPAUD short has alerted. Trend trade identified and entered. Working M30 timeframe on this strategy. Trade details can be found on the chart in printed label. Working to TP targets on the printed label. Trade box is tracking the trade. Looking for a quick scalp here on this pair. Want to know how I identified this trade you know what to do. Thanks for...
BCH recently broke above a descending triangle and currently forming a bullish flag on the lower timeframe, make sure to trim profits in the middle of the road.
low is unfilled on XTZ, we broke below bearish flag and havent reached the first target yet.
Cancelling EGLDUSDT long, this is what I call beartrap, they are forming a falling wedge on the 4hours timeframe and trying to make us forget that we recently have broke below a bullish flag, many people will try to long here meanwhile they are taking us to the double TOP on the retest of the breakout. We warned you first! ;)
If market closes above 1.86913 on the 1h and 4h, i will be looking to enter for a long position to 1.92633 (TP) It will also coincidentally create a inverted H&S on the 4h and Daily TF.
September has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. IOST has a negative overall sentiment...
The price of Dogecoin (DOGE) has continued to remain strong against Tether (USDT) despite growing bearish market sentiment as other crypto assets continue to decline in price. The price of the popular cryptocurrency traded from about 1 cent on Jan. 1 to almost 75 cents on May 8 when Tesla Inc Elon Musk hosted "Saturday Night Live." Currently at these prices,...
BTC is starting to break out of this massive daily bear flag. I'm looking for accumulation around the trendline and we should see a nice downside movement.
Looking at a massive move coming to NZDUSD this next High to Low swing is 625. If you follow my alerts I have issued one on the 11th and the 15th that giving you an extra 175 pips on the trade for a 12% to the take profit.
GBPAUD D1 We are now starting to see some seller exhaustion and buyer correctional play coming in. Hopefully we can pullback up towards out confluence zone of 1.72650, here we have our are a of H4 s/r, and a healthy corrective point of 618. We would obviously like some sort of H4/D1 PA confirmation to tick off the third confluence.
There's not much to discuss about Coinbase premium effects. Sudden movement. Hope for the move between 5 - 10% either direction, potentially uptrend unless a whale or two decides to dump. Keep a close eye until tomorrow morning.
Here’s the current resistance trends, these are temporarily during a price correction and we are on our way to a reversal. Think short term. Or Long term.