Let's continue on this page with the analysis.
I don't think i need to mention everything again from the previous analysis. As you know the 3600ish, is the key level for the bulls to break the short term bear trend from the past weeks. If they can manage to do that, the chances will be very big for bigger correction up.
I keep getting questions about if the...
Well the previous analysis was awesome :), getting one of the few coins that made a big pump during this weekend reaching it's target very quickly. At the moment it seems like we are moving inside of a bull flag which has a target around 29.50. But when we zoom in to the chart on the right, we can see it does not look that pretty. Looks more like a bullish channel...
In the previous analysis i described 3 scenario's, which covered almost every possibility from that point on, but still the market chose the road that did was different than these three ;). Anyway, we had that higher low with the small bounce up to 3400ish again, but after the bulls lost momentum i gave a small warning about testing the lows again. So the first...
The bears have failed at the first attempt to the support of the 2018 low. There was simply not enough selling volume. Now before we get too subjective, bulls or bears, this volume behavior is pretty standard inside of a triangle. Let me explain it a bit more since some might not understand it exactly.
What do we usually see inside of a triangle like this? We...
On the left it looks like we have made a bullish which has a target around the yellow circle. We are still at a cross point it seems because we just made a small squeeze up but no follow through so far so things can easily fail. For Litecoin it is quite easy at the moment, if it is able to stay above that green support on the right chart, we could see an attempt...
Bullish flag pattern formed , waiting on breakout for confirmation.
would set a pending order right at the top of the 1h candle to ensure we catch the breakout , might be a fast move seing its on 1h candle.
Goodluck!!!
Still following that blue line to the point the past week creating the panic low for this potential inverse H&S. It's safe to say the low might be set now because of this short squeeze that just happened. However i have a game plan for Bitcoin' suggesting another drop going to happen there. So i am a bit confused on which one to follow. It could be that ETH' moves...
Looks like a very decent and stable bull flag here, so it is worth the risk. I am going to get in with half a size here and increase it to a normal size if we get a break out.
Sometimes i just get really scared of myself :) Anyway, so far going almost perfect. The entries are already in since the bounce up was so strong this time. I have added a third entry for this game plan, that is if we see a daily close above that red zone, i will add even more to this position if we see something like a bull flag happening.
If this plan works...
So you can follow the chart on your own.
Click on the horn at the bottom right, then click: "make it mine", so you can follow the fractal more closely :)
2 patterns have been present at the current time.
A rising wedge and a bull flag is shown in the chart. thus, could result in two outcomes.
We should really wait until a clear pattern could be identified.
This is not a financial/trading advice.
cryptovan
on the usd/jpy market I went onto the 4hr market and saw a bullish flag opportunity which was showing the text book definition so I went ahead and placed were I would like to enter the trade. I have also added in the stop loss and take profit as well.
Please make sure to check the analysis on the 4hr chart and check for entries on the 1hr chart as well thanks guys.
A pretty bullish pair that is above the previous buy zone and it is having a consolidation right now.
Such formation has a strong tendency of breaking towards the upside. Agressive trader can look for a buying opportunity.
Last Month Trade Ideas like this has produced a total of 2,333pips of net profits.
If you don't want to miss out another trade ideas like...
My feelings are the GBPUSD pair is really dependent on Brexit news alone. Today Mark Carney helped us bulls along nicely and made this bull flag that! It's also in over sold territory which makes me think there are more rises this week to come! I truly believe the Brexit debacle is nearly over and we should see GBP return to a normal level of 1.40 in the next year...
NZD/USD has been bullish as of recently so we follow trend continuation.
We are currently in a corrective state, but approaching structure levels.
We see a trend channel that price is following, so if we continue this channel we should expect movement to the upside since we just finished a corrective wave.
We can also see a large bull flag formation. If this...
