SHIB is looking beautiful on the daily timeframe! The price is currently moving within a symmetrical triangle. The past month, the price has been accumulating in an ascending triangle, pointing toward a breakout as soon as the daily price action closes above the 0.00001200 level. The profit potential is ~50%, with the price climbing to the previous high as well as...
It seems like exchange tokens such as Binance's BNB, the MX token from MEXC Global, or OKB from OKX. All of them seem to perform very well, no matter where to rest of the market is heading. This is mainly due to the fact, that each of these tokens is the heart of the cryptocurrency exchange. Promotions, events, and even the salary of the employees are often paid...
In this BTCUSD idea, we're looking at the 1H timeframe on both charts. On the left side, you can see the most recent price action. We can observe some weakness at the $25000 level. We might retest this price multiple times, fooling retail traders into thinking that this might be the next leg-up towards $30000, but in my opinion, it's too early for...
The BTCUSD price is moving sideways after an expected drop in price. The correction will continue throughout the upcoming week. Therefore i am preparing myself with a trigger for a leveraged short-position. If the price of $22000 breaks, we are aiming for $21200 as our target. Happy trading and feel free to check our the stuff below! Im executing this trade...
We're looking at the BTCUSD 1h timeframe and we're spotting two opportunities for both a long- & a short-trade. The triggers are self-explanatory: once the BTCUSD price closes above or below each area, we will trade with the trend and open our position. The divergence with the price & the RSI as well as the volume profile is pointing towards a bearish move, so...
Due to today's CPI data, the crypto & stock market reacted with some volatility. ADAUSD profited from this situation and maintained a strong upwards trend throughout the day. The price is currently in the overbought area and is already showing some signs of weakness. I took a short position one hour ago (10x) and I will keep this position for the next few...
In this idea, we're looking at the BTCUSD price in the 4-hour timeframe. The price presumably found its bottom at the $15000 to $16000 range. After quickly getting back to the Key Level, located at $20000, the price even managed to climb above this resistance. The top of this movement was found at the beginning of February with a high at $22400. The trend change...
Here we're looking at both BTCUSD & the SPX. There's a strong correlation between the Bitcoin price and the stock market. Especially due to the current nature of the market: prices are mainly driven by fear surrounding inflation & interest rate hikes as well as a surging dollar. The thing that bothers me the most is the fact, that any big rally in the market will...
I'm using the VWAP & the MA200 on this one. I'm waiting for the price to change its trend. Today was another attempt to break out of the downwards movement, but the current market situation (GBP being on pair with EUR & USD) puts further pressure on the price. Waiting for a lower entry, as is still see great potential in meme stocks - as soon as the momentum kicks in.
I use this chart for both my Spot & Future trades. Before I take any position, I look at the bigger picture and verify the general movement of the market. While to crypto market as a whole is moving in a primary upwards trend - with new highs every few years - the secondary trend tends to change more often. The way I understand & use technical analysis is to...
This is an update of my previous BTCUSD idea, which worked out quite well. There's not much to say besides that I consider a long position at the previous lows (~$18k). The downwards movement needs to be completed and we want clear signals for a change in the secondary trend. I'm looking for Engulfing Patterns on the weekly & monthly or using the RSI & ADX to...
I'm expecting the Bitcoin price to move in the lower band of the ascending channel for the rest of the month. We can observe some strong selling pressure on the top of the channel, with $25000 being the most recent high. There's an opportunity for a leveraged long trade towards the MA200. The primary trend, though, is still down. Therefore we should expect the...
According to this BTCUSD from May 2022, the bottom is in for Bitcoin. What do you think? How will the monetary policy affect the future price? Let me know in the comments!
Hello everyone, I've been covering the AMC topic on my YouTube channel for over a year now. In the meantime, I came across many people who (unfortunately) have bought in at a relatively high price. In this idea, we're looking at the effect of Dollar-Cost Averaging your position. There are two examples here You've bought your first 1000 Shares at $35.96...
Here are some of my thoughts about the past two years, the current situation, and how we ended here. One thing is for sure - 2022 is going to be different. One of the main reasons for this is highlighted in the chart: liquidity moves from one market to another. The inflation is increasing and our portfolio value is decreasing. In bearish times, we have to adapt to...
In this video i'm going to show you the relation from the current economical situation to cryptocurrencies. I wanted to do a livestream here but the broadcasting had some issues, so this is a privisional approach for the setup :) Enjoy - see you on next monday. If you liked this video, let me know in the comments. Also make sure to check out the stuff below ⤵️
Hello everyone, this is an update to my previous idea for Ripple (XRPUSD). The price took the red path and is now sitting at a multi-month trendline, which could result in a good opportunity for a long position. This mostly depends on the performance of the rest of the market - even though i think there's i not much room left (to the downside) for...
I'm seeing a similar structure compared to the correction post 2018. Waiting for a clear break of the current structure which is forming a triangle combined with low volume & volatility. A possible break of the current horizontal support (key zone) could bring us to the $0.45 level, which is proper chance for a long positition. The targets are mentioned on the...