D1 - Price reached the downtrend line. If we didn’t get a valid breakout here, we may then expect the price to respect this trend line and move lower again.
H1 - Price broke above the critical zone, potential bearish divergence.
If this turns out to be a false break, we may then start looking for sells with bearish evidences. If this turns out to be a valid ...
If rally fail to break the descending TL here look for rejection around 24920 - 24980. Could go off really hard if no breakout. Just an idea. Let's see...
This is not investment advice. Trade at your own risk- GL!
Sticking with the same chart this week as I posted last week.
Price broke through the black bearish trend line and retraced back to the line, which so far has held as support. With the price staying above the trend line, the bulls maintain control of the near-term trend.
Momentum is easing back, but market sentiment remains as a "buy on dips" near the trend ...
D1 - Price is nearing the downtrend line. If we didn't get a valid breakout here we may then expect the price to respect this trend line and move lower again.
H4 - Price reached the critical zone and move lower, bearish divergence.
We may now expect one more push higher with the price reaching the critical zone again, we may then start looking for sells with ...
Currently Bitcoin is trying to attempt to make a pullback up to 6800 area. This is where everyone should have been bullish in the first place. But because millions of orders flooded the daily 50 area. We could heading thru the $6k area. Be careful bulls. I am still short from 7250. I would take a temporary buy according to the 4hr chart up to 6700-6800.
H4 - Price is nearing the downtrend line, we also have hidden bearish divergence already forming.
H1 - We have two potential zones for reversal and continuation lower.
Invalidation: If we get a valid breakout above the H4 downtrend line, then this setup will be invalidated (false breaks can be neglected).
H4 - Price has reached the downtrend line, hidden bearish divergence and we have bearish delta pattern.
H1 - Bearish divergence.
Everything looks good here for the bears. We may start looking for sells with bearish evidences.
It's all in the chart,
Even though we are in bear market, ETHUSD still look strong.
I'm still bearish on ETHUSD for the time being, due to BTCUSD downtrend.
Swing traders: Statistics and probability are on our side.
Don't worry about being right all the time.
You just have to be right 50% of the time to Double your initial capital.
Up Trend: ...
D1 - Two false breaks and bullish divergence.
H4 - Once the price breaks above the downtrend line, we may look for bullish evidences and start looking for buys.
As long as the critical zone is holding we can expect the price to continue higher.
XRPUSD is doing exactly as predicted 3 weeks ago - following the downward trendline, hitting $0.47175 at the exact point on my chart and on its way down towards $0.36 and even lower.
Currently XRP is following BTC to an extent but if it decouples from Bitcoin as many claim it will, then we might be seeing it plummet quicker.
I will get very LONG when it gets ...
Bitcoin is seeking a retest of the 2017 trendline (purple top line) through an rising wedge (bearish).
Therefore, I will short on the retest of this line or even more, which I think is more likely, in breaking the bottom line of the wedge, in red. The targets of the shorts are the purple and yellow lines just below.
We can exceptionally try to retest from the ...