Hi, folks! I want to show you something that we start to forget about. EMA365 and EMA200 on daily are as close as ever before. Since I see nothing but continuation of the downtrend, they are most likely will cross eventually. Get ready!
Technically, it isn't a good diamond, but it may play out. Just want to let you know, so you'll be ready. Overall, I'm bearish because we still have numbers on the table that are not within this 6k
In this clip, I studied very early trading hours of a newly IPO stock SET:TPLAS and looked for investment opportunities for small profits.
BTC tried hard to break the diagonal resistance, tried twice with no success, and as you can see, painted a rising wedge. Target is measured. I would try to scoop 6550, but with a very tight SL, because if failed - say hi to 5700. Good luck! //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
This video show how to look for the trend from a big picture chart in EURUSD H4. Then go into more details to the use of middle Bollinger(20,2) band to determine the smaller trend. A resistance level generated by CC-5 counting has been shown as a resistance level for the price to bounce downward.
BTC has a Cup & Handle on 1H chart. This is a real Mexican standoff, and price stall at diabolic 6666.01. Price should test 7050 - 7200 and this probably will be the last mover before the continuation of the downtrend //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Hi, folks! I didn't post anything for a while, because previous targets remain intact and there is not to much I can add. However, some traders got tired from the downtrend, that's why they forcing the trades trying to call this a bottom. As you can see, RSI currently ~50 remaining neutral for move in both ways, but BTC painted a big bearish flag which...
Hi, everyone! BTC is in the bearish channel for 14 days and we didn't have any significant bounces that often can be found during selloffs like this. This is understandable because the selling pressure is ridiculously high . During the last 24 hours price formed a Diamond pattern that we talk about and traded previously. Diamond is the reversal pattern ...
Hi, guys! BTC has literally 10 red days in a row, and there was no support on the way down that would make it bounce. Now, we approached the main support line that has been tested three times this year, and as we know, if support was tested 3 times, on forth it fails almost guaranteed. We all were waiting for Inverse H&S, but it doesn't look legit anymore,...
Hi, everyone! BTC has 7 red days in a row, and after one day of consolidation have a two red dailys again. STOCH RSI oversold and trying to engulf, RSI not oversold yet, but very close. I expect some sideways between the downtrend line(connecting all last tops) and a new support line (green, connects A-C-E). Watch the price action after E, it will determine the...
Hi guys! We had some correction during last week, and price found the support at 7500. BTC came back to retest the support and touch the downtrend line that we had since 13k and broke recently. BTC just formed the Diamond pattern , which is a reversal pattern . We also have an inside bar on the key support level , daily StochRSI under 40 and daily RSI ~50 ...
Hi, everyone! Yesterday BTC got under the pressure of FUD, and perfect set up has been messed up. 7200 was my point of no return, but we bounced from it, made a rising double bottom and heading up for now. But the problem is, that momentum was lost and we got under one more resistance that will hold BTC on the way up. It's between 7600 and 7700. The bullish...
Hi, guys! Hope you like my last charts and you made money together with me :) We have a lot of good news: 1) We found strong support ~5800-6000 2) We broke the longtime downtrend channel 3) We broke 6200 resistance 4) !!! We are approaching 4/1 Gann Fan that I talked about in my previous charts. It's currently at 6800 and breaking this level should bring an...
Hi, everyone! It was a boring week (as I promised) and BTC slow and steady painting the classical for BTC figure that we see at 9 bottoms from 10 - inverse H&S. Volume at the right shoulder confirms the pattern. Daily RSI is still on the sold side and engulfing upward. we also have an RSI convergence on daily since the last bullish daily candle. The neckline ...
Hi, guys! As we discussed earlier, BTC didn't manage to close the inside bar over 6200 which led to another quick drop. Now, we have a double bottom, but most interesting that price drew a very rare Dimond Pattern. Now we have a diamond bottom and breakout from 5950 will be a bullish confirmation. This pattern is rare and this is a reversal pattern that works out...
Quick update on BTC . Chart says it all: We broke 6180 resistance and firmly closed above. Now it paints another Bullish Flag with target at $6500 and we also have an Inverse H&S with the target right at the key resistance level - 6800. //This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Rising wedge at the critical point. If 2/1 Gann Fan not going to hold, I'll stay out and wait for the better entry. Target isn't terrible but will be a good test for support.
Hi, guys! We are currently at the wave C going to wave D(~6780) and after that, most likely will try 6980. BTC drawing a rising pennant, and target below the triangle(red lines) and highly likely will close under it, which is bearish and promising a downtrend continuation. We never see a bottom, but FOMO is really strong because we have lots of people not...