BTCUSD update: Symmetrical triangle has appeared after a series of inside bars. This continuation pattern implies lower prices, but the bigger picture location makes for a very conflicted technical situation. The break of this triangle points increases the possibility of a retest of the 5956 reversal zone boundary. Or just above that at the 6005 historical...
Hi, Followers and Friends !! I am very Happy, I have achieved my main goal so far: I Have Saved Some People !! and I open with a quote: "you are really doing something very important!! i am following you 2 month now. and i start applying your advices since a month. could not be happier to protect my small capital from loses at this stage of the market. THANK...
BTCUSD update: Bearish momentum is confirmed as price is now testing an important support level. At this time there are no signs or structures that say this market wants to retrace. That does not mean it won't, but the probability is low. Unless a bullish reversal candle appears, I am anticipating a test of the low 6Ks. I wrote about 6565 area in my previous BTC...
ETHUSD update: As the BTC market retraces, the alts follow as usual. This market and Litecoin are now both in very interesting areas for possible swing trade and inventory ideas. The key is to wait for a sign of stability which is absent at the moment. It seems like BTC is in free fall. From 7600 to the mid 6K's in one day can feel a little dramatic. As long as...
LTCUSD update: Price has retraced nicely along with the BTC sell off and is now in a very attractive area. Even though short term momentum is still bearish, a bullish retrace back to the 120 area is within reason. Earlier today on S.C., Andrew posted an article on accumulating inventory in this market. If you haven't read it yet, you should check it out because...
Hi, Followers and Friends, So, as we saw on the last chart, DROP IS happened on BTC -9.58% market. => Finally 4th Target HIT ($ 6.900). Thanks for Trusting. Now, it is time for our FINAL TARGET: $ 5.800. But to be safe and get a bounce areas: Conservative: $ 6.500 Normal: $ 6.200 Aggressive: $ 5.900 Remember in order to have your order completed you need...
Hi Trading View, Double Top has been confirmed and now we are on a bear wave. Could be the last one before market decides to go long for a big wave. How cool is the Moving Water? Many people did not believe on the double top, but there it is been draw on the chart. I am sorry if I had so many short charts, a lot of people get angry, but it is not my fault if...
=> CHARTS = (MEDIUM/LONG) TERM - Please Don't Be Confused => Takes (weeks/months) to Complete <= Hi, Followers and Friends, So, as we saw on the last chart, a pause and a correction just happened on BTC market. Now, It is probably time for Number # 3 - DROP TIME. When there is a Down Trend = Correction is Up. When there is a Up Trend = Correction is...
BTCUSD update: Finally some movement. Looks like the the bears rejected the minor resistance area that I wrote about in my previous report. Even though it may look concerning, this move is welcome because it brings the opportunity of a swing trade long idea that much closer. The 7330 to 7212 support zone is relative to the .618 area of the recent bullish...
LTCUSD update: Tight consolidation as this market waits for BTC to choose a direction. There is a lot of structural conflict in this area and the best thing to do is let these markets figure themselves out. There are no worthwhile signals to capitalize on anyway. As you can see on the chart, price rejected the 128 reversal zone boundary. It has also found support...
ETHUSD update: Lower high scenario is unfolding as anticipated. The 625 resistance, although slightly broken, basically held and now the bears are in control. The next support area to watch for any bullish reversals is 544. I have been writing about this retrace. My BTC report on S.C. yesterday talked about the slow grind into the bear zone. It is not that I knew...
BTCUSD update: This market is in a slow grind right into a resistance area. As I wrote earlier on S.C., it may look inviting, but only if you want trouble. The 7896 resistance defines the bearish reversal zone which price is just under. If price is going to fake out, it is most likely to do so near this area. The more attractive area is the 7335 to 7213 minor...
LTCUSD update: All of these coins are in a tough spot. They are in one of those situations where they may continue to rally just a little further. Usually they rally just enough to attract all of the anxious longs who could not hold out any longer. Once they are all in, the market now has enough gasoline for the potential selling momentum that can lead to the next...
ETHUSD update: Indecisive price action around a potential lower high formation. Since price has not taken out the 625 resistance level, I have no choice but to expect more from the bear side. As I wrote in my ETH article on S.C. earlier today, 625 is the .382 area of the current bearish structure. As long as price stays below this level, it is more likely to...
BTCUSD update: Price action is some what quiet near the most recent peak. There is an inside bar now present on this time frame which can turn into a sell signal quickly. As I wrote in my report on S.C. earlier today, the bearish trend line is still in effect. Lower highs often lead to lower lows. This market is in a tricky area. If buyers hold up, price can...
LTCUSD update: After a slight retrace today, it appears the coins are poised to retest their recent lows. As I wrote in my earlier ETH report on S.C., there is no reason to be stuck hoping. If a sell signal appears earlier than expected, then it is time to adjust. My recent ETH swing trade long was exited for a smaller profit. I wrote about a bearish trend line...
AUDUSD update: Although this pair has demonstrated some recent strength, it is still being dominated by bearish momentum. Along with the other U.S. Dollar crosses, this market is likely to push the .7400 area low. Lower highs often lead to lower lows. The high at .7605 is the most recent peak which is relatively lower than the previous high around .7813. A short...
BTCUSD update: Price is consolidating across the board and is poised to break lower in my opinion. While bearish momentum dominates in the short term, triangle formations such as the one developing in this market serve as continuation patterns. If I shorted these markets (which I do not), I would be looking for a day trade at the break of 7312. This is just below...