Bitcoin has been in consolidation during the holiday weeks and showed some improvement by the end of the weekend. And it showed a good uprise and is now testing its resistance and support levels. We might see bearish influence downwards upto 3850-3900 USD area and if bears can continue pentrating and broke the resistance we might see another leg down movement in...
Good morning, traders. As I spoke about during yesterday's live stream, price made a final move down toward the H1 pivot before this morning's breakout of the flag, stopping just about $14 above it. The target is now $4342 based on the height of the flagpole.
H4 chart:
The aforementioned bull flag target should bring price up to the possible ascending channel's...
Good morning, traders. As suggested was most likely on Friday, volatility came in and Bitcoin moved up over the weekend. Many traders were caught off guard as they expected price to drop (a symptom of the corrective market whereby traders expect every rally to fail).
H4 chart:
We can see that price broke upward out of the symmetrical triangle. The target based...
Finally, some good movement again, from Bitcoin' and alts. Volume has increased a bit, OI on Bitmex has increased (despite the liquidations), several alts made good jumps up as well. But we are certainly not there yet. The real resistance levels are still above the market for Bitcoin' and many of the alts. We can simply still make a lower high at 4100ish. If we...
The triangle seems legit, the volume is decent but it has to increase a lot if we break the resistance around 34/35. The small bull flag on the right should hold to keep the pressure on the bears. So it has to stay above the green support. If that breaks, it can still happen through another higher low inside the triangle, but of course it becomes less likely. The...
I will continue my updates here, since many don't like to scroll through my many updates. You all know my thoughts, assuming we won't see a break of the 3950/3600 since a week ago. We are still moving inside of it, even though we are seeing an attempt to break up, the volume is very low. On the right we see a green support zone, if that one breaks, we can drop or...
The 1 day golden cross is inevitable the bullish breakout of the bull flag seems inevitable too which should then also make the cup and handle breakout occur as well. A perfect triad of patterns all combining with a daily stoch rsi that has lots of room to fly make this an easy long. Golden cross should occur in the next 3 and a half hours. If it hits the cup and...
As the candles tells us, we have the 3800 level serving as support
If the chart will confirm the bullflag we will probably see the price moving above 4000
Despite the current bearish outlook on bitcoin we can see that tron has a lot of exciting things currently going for it on the 1 day chart on binance. It has completed a cup and is now currently working on the handle which happens to be inside a very long bull flag. We can also see what appears to be an inevitable golden cross about to occur on the tronbtc pair...
Another update to a post from earlier -
Another way of looking at the same thing.
A Bull Flag is painting on the 15-30 Min Charts
We will see how this plays out, however, we are long at this time.
The previous few analysis on ETH worked out very nice and the double bottom including the inverse H&S worked out very good as well. We can see good volume, we can see very strong movement up as well. This suggest it's far from over. As long as we stay above the green support zone, we should be seeing higher prices the coming weeks.
On the right we can see a...
Where i did not like the right shoulder from the previous analysis, we eventually made a bigger one where it stayed perfectly inside of a bigger bull flag. Yesterday's breakout was quite perfect, a big rally with high volume, exactly as a breakout should be. So chances at the moment very good for it to reach it's target around that blue circle coming week or 2....
In the previous analysis i showed a H&S pattern of which i assumed it would probably fail and we could see a counter move up. We made that higher low on the right shoulder and since then we went up. However, this is not a strong counter move as i expected it to be (if the H&S would fail), the blue circle area should have been a bit stronger. On the left we can see...
The Major Resistance and Support is more applicable for 1-hourly chart, however, on the 4-hourly chat it still stand.
Typically, I will be waiting for shorting opportunity on the resistance and buying opportunity when market hit support.
For this setup, I won't be doing it as 1hourly chart shows a potential bull flag and 4-hourly chart has a emerging Bearish...
Hey traders,
Looking at POLONIEX:ETHBTC and has a bullish cross as well as an ascending triangle. This is great for a potential short term investment. With all the altcoins going up right now this is definitely a good pick with the reversal trend that is currently occurring.
Good luck to everyone in the altcoins rally!
Okay, time for another update. It has been like we have never been in a bear market . Bears are scared nowadays and not the bulls. The is what we need for a good rally.
Today's rally got me by surprise a bit, did not think we would move up so quickly again. But that's also because i would have rather seen a bigger consolidation, creating more foundation the next...
JPYAUD appears to be forming a bullish flag. Too early to tell, but if going bullish it is usually a good idea to wait for a pull back. Waiting also gives you the opportunity see any sharp reversals and change your mind. Expecting to see a pull back/sell off because of the recent bullish activity, however if all goes as planned it will continue to rise higher and...
XRP made a big strong rally to the high of a big resistance. Because of this conviction there is a reasonable chance to form a big inverse H&S. But we would need to see a good solid correction/consolidation from the current levels. On the right we can see a channel, if that breaks we can assume the green support will get tested again. If that happens there is a...
