Since the major drop that we saw last week, FTM has been steadily increasing in value. Yesterday's China news added fuel to the current move, and eventually lead to this break out.
As of this morning the upper trend line of the channel has been re-tested and caused a significant bounce, confirmation that the break out is legit.
Short-term target at $1.48, mid...
After three green days for Bitcoin, I'm expecting a minor pull-back today. This pull-back will be an ideal time to buy some alts.
One of these alts is BNB. I'm expecting a pull-back into the green entry area, which will function as a support area.
The red strong support area will function as a bottom, in case we get another bearish move today and tomorrow. Not...
With BTC dominance falling like a brick, alts are losing steam by the day. Lots of alts are displaying similar patterns, one of the more common ones is a bearish channel.
ADA has slowly but surely trading down in this bearish channel, showing no signs of a bullish reversal anytime soon. When trading alts, keep an eye out for BTC, since alts tend to follow BTC's...
Over the course of two weeks, MATIC has formed a small upward channel. Looking at the state of the market now, I'm expecting MATIC to resume its path upward inside the channel, potentially aiming for a new ATH in the near future.
Happy trading!
BNB has been overbought for quite a while now. Since it has reached $350, BNB has practically only seen bearish action. During this phase of consolidation, BNB has produced a nice bearish triangle. We're going to trade a break-out of the triangle's most extreme level.
Before entering this trade wait for the price to close below the Entry line. Higher time frames...
BEL has been trading inside this beautiful channel for almost two months now. At the moment, the price is gravitating around the lower support of said channel, potentially loading up for another bullish reversal move. This trade is based around the idea that the current channel will hold.
On the chart I’ve marked two potential areas of resistance, R1 and R2....
Since TESLA announced that they will be accepting Bitcoin in the future, Bitcoin has seen a strong bullish move upward. This move is likely caused by the hype created by the idea that other big (tech) companies will be incorporating Bitcoin as one of their methods of payment. I refer to my other idea for details.
Since then, the price has been forming a wedge....
hello again and welcome, feel free to view my chart above to understand my view of the market and feel free to comment your opinion below
my analysis must not considered a financial advice, I am not a financial adviser!
have a good weekend
Hello Lads and Ladies,
Welcome back to TJ's daily TA. Today the TA has been requested by the traders of School of Sparta, we are taking a look at ETHBTC on the exchange Bittrex to see if it a good point to buy right now or not. The equivalent to the Bittrex ETHBTC price would be on BitMex the contract ETHZ18.
Against BTC value ETH has just had the worst months...
