Bitcoin has experienced 2 halving events since its inception in 2008, the first on 28 November 2012 and the most recent halving event on 9 July 2016, whereby mining rewards are reduced by 50%. Each one of these events has been preceded with a strong uptrend in the months leading up to the event and each of these events experienced a significant rally for the ...
The price confidently follows the scenario published earlier. At the moment, we are seeing good growth and the prospect of further upward movement. It is quite reasonable to expect a price of around 5000 and maybe 6000 in the near future. But there is some overbought and the market needs a small correction, after which it can move even more confidently. ...
USD/CAD pair is in an ascending channel formation in the 4-hour chart.
It is currently in its bearish leg- movement to supportive trend. And a flag pattern has formed within too.
Hence, we expect the pair to move to its supportive trendline, upon breaking the flag formation.
An idea for a long trade on VNET, Showing signs of consolidation and possible uptrend on the 3 Month chart. Wait for a break above the consolidation resistance line, confirmation of uptrend leads to an entry on the second low, placing stop loss at the last low or below the support created by old resistance. Follow uptrend with a trailing stop loss to maximize ...
Bitcoin is potentially forming a head and shoulders, in which case we should meet heavy resistance at the larger trend line resistance then fall below support of the ascending channel to print the neckline. We currently have hidden bearish divergence on the 1H chart so expecting a drop soon. This should coincide with a 138.2 fib extension from the $4488 swing ...
After breaking out from the $4k resistance, I mentioned in my previous post that I had lost confidence in a full wave up to my $4600 target since we had that hidden bearish divergence on the 4H. There was also a slight resemblance to the fractal on 25/26 November when the bull flag failed and headed down to print a higher low at $3684. We've now printed a higher ...
Short term have been trading this up as the patterns have been nice for small bullish moves. Now we're at the top of the weekly ascending channel/wedge/expanding diagonal & have had many waves of bearish divergence with no real breakout to the upside for over 6 years. This is the time to start looking for sell setups (one is presenting itself on the 15 min) That ...
This is my thoughts on #Stellar (#XLM). I can see opportunity to go long in short-term.
More details mentioned in TA.
BTW...pay attention to BTC, use stop loss and follow your money management!
If you like my TA, pls. hit that "like" button, follow me or leave your comment, Thx!
-EURAUD at the bottom of longterm uptrend channel which has been respected multiple times.
-EURAUD showing intraday price rejection (long daily wick) by forming a reversal candle (Pinbar/Spinning top/Indecision) AT SUPPORT and CHANNEL
-Other EURXXX pairs showing signs of reversal as well
-Stochastic severely oversold at support
-Lower time frames (4H) showing ...
Bitcoin (Bitfinex) found a little bit of momentum, forming higher lows and higher highs within an ascending channel on the 4H chart since 31 October. BTCUSD did fall out of the channel this morning and is currently within a small descending broadening wedge, however, StochRSI is oversold and RSI is fast approaching oversold on the 4H so I don't suspect a drop ...
A potential head and shoulder trade within the parallel of a rising channel.
I'm looking for my confirmation signal to engage a short trade but do note that this is a counter trend trade.
Entry, Stops and Targets will be shared to my inner circle.
XAUUSD is situated into ascending channel and likely will make a breakdown becouse the stoch is overbought.Buyers also made a step back because we can see at MACD buy volume it s still decreasing and now we are near the strongest resistance at 4 hour timeframe.
I think it s an easy short setup