This is a new update. I've now added all the volatility boxes of consecutive Williams fractal lows (blue box) and highs (pink box) to the chart. For the last pink box, the two consecutive Williams fractal highs have not confirmed yet - will remove it if result turns out different. My reason for adding more to the chart is because it can't be ignored that...
As you can see the price has respected both support and resistance lines in the past, we will be keeping a close eye on this trade as it could provide a big pip count. Entry, TP and SL will be provided for our clients once the trade becomes valid. If you are interested in joining us then message us.
BTC bounced up through the EMAs on the lower hourly time frames, but we are still in the woods. As you can see from the last trend, we tested the EMAs at least 5 times on the last descent with little traction before we resumed a positive uptrend. Many traders have been calling for bull flags and similar upward movements, but I think we need more time. We are also...
Hello, dear friends! Bitcoin shows heavy resistance at 6600 and 6800 . On other hand we have higher lows, with demand/support zone at 6200. On the left screen 1h chart, price stays above MA200 - which is bullish signal for us, lets take a look at history: July April February November September and many others times... But when it comes to ...
The idea has worked three times in 2018. Don't ask me why. Currently the Bollinger Band is registering $6,884 for the next Williams Fractal high. I expect it will change in tandem with whatever the future price is as it approaches its target. Will the success of the idea repeat? Make sure the Bollinger remains within range of the previous three targets otherwise...
BTC appears to be following my projected (temporary) move to the upside. However there are still no indications of trend reversal. If the price breaks through the previous resistance price (purple line) there might be further movement to the upside. For now I'm expecting a reversal to the downside before or from the previous resistance line. This analysis is for...
My current interest in this chart (and there are many) is trading the set up of an arrow and volation of its preceeding Williams Fractal (note that violation occurs when weekly close violates the wick - works best that way, and I've marked such areas out with a black square background and yellow border). I've provided a key to all the charts components below. This...
BTCUSD Bitcoin short term idea. Breakout of the support at $6900 in the next 24 hours, with price accelerating towards $6700. This is a short term trade, in line with the long term bearish outlook.
The chart speaks for itself, V bottom Fibs and Pivots match the theory.. U can never be sure so let's see how this plays. BITFINEX:BTCUSD BITFINEX:BTCEUR
We hit a new support line, now I'm waiting for some confirmation of a reversal like described on the chart. Longs are prepared for entry and shorts stay open until that point. BITMEX:XBTUSD
It's gonna be an exciting day., will we break support or will it hold and bounce off.. Personally I think it's time for a small retracement.. this was pretty brutal last days
Over the last 24 hours, Bitcoin has been trading steadily within the price range of my yesterday's forecast. This was posted as an update to my last BTC forecast about 24 hours ago: And here is today's chart for comparison purpose: Notice that price went up from 7469 to the top range exactly as predicted before it declined to current levels. If the market can...
We repeated May but what's next, how low will we go? I expect it to either follow the trend down to the red support line or bounce a little earlier from the purple support line It'll probably bounce as fast as last time so be prepared and watch for bulltraps BITMEX:XBTUSD
I've marked futures expiry volatility with a white box and yellow surround which are of interest to me for comparison with todays market. Gives me an idea how to trade it. For more on the colour coded meanings you can check my past postings. this could be your last chance to get out. Next up will be the MACD going below zero, and that will probably be straight...
Bitcoin (BTC/USD) is painting a bullish flag on the hourly chart at the time of this writing following the spike that took place on 27 July, 2018. Am hourly break above $8,300 may pave the way for stronger gains towards $8,400. While it may be tempting to long BTCUSD at current levels while layering the stop beneath support of the potential flag it is entangled...
Here's what you need to know: MACD settings:- Fast Length 6; Slow Length 13; Source: Close; Signal Smoothing 31. In the chart box volatility of the following pairs: 25 & 26 January; 10 & 11 February; 21 & 22 March; 5 & 6 April; 18 & 19 April; 28 & 29 April; 23 & 24 June; 27 & 28 July. How to search for pairings - using just the Histogram for a red candle...
In my last post Jul 17 my idea was that bitcoin could touch $7,764 by end of that week (July 22), and any later close above $7,926.8 could be a game changer, and after that more likely an attempted sell-off like earlier patterns. Well here we are, not a weekly close just yet but bitcoin has breached $7,926.8. I am now thinking A & B marked on the chart is what...