It is a very exciting time to be trading Cryptocurrency as price has recently broken a multiple month low! price has broken into an uptrend territory with a very strong and clear breakout. Price broke out of a heads and shoulders pattern very nicely, and price also broke a long term horizontal resistance zone which broke us out into a new uptrend. Not only did ...
Since my last analysis on Bitcoin, price has continued to stay at the highs, and has been incredibly stubborn at this level! Price did not only hold out at this level, but it has also been trading in an incredibly tight consolidation zone for the time being. Since the up move was originally so strong, it would have been expected that a correction would have taken ...
The market reached the strong daily uptrend line which now acts as the resistance. We can see the sideway movement at this line. This zone is important now and the price action here will show the further market movements. We have to take into consideration 2 possible variants:
1. the price bounces from the uptrend line and drops to the support zone between SMA50 ...
Hey Everyone,
Today, all Eyes are on Bank of Canada Consumer Price Index Core E.T 2.22M
and at the moment Initial expectation is Hawkish for CAD (future updates will be posted)
currently as per our Technical side USDCAD is Forming a Bearish BAT on 240M Chart
price is not that Overbought but according to H1 Chart it is slightly Overbought
and hence this trade ...
The same behavior of gold, where prices boomed after the introduction of the ETF investment opportunity.
For institutional money, buying into an ETF would mean not having to deal with technicalities and exchanges.
Gold ETFs hold the physical metal, and hence have increased demand for spot gold and boosted prices...
If the approval for a Bitcoin exchange-traded ...
We are seeing BTC test and hold EMA 12 support on the 4 hour and daily inside bars form.
This is still extremely healthy consolidation and the fact that we are still holding up here is a testament to bullish strength.
Bulls are sitting pretty as a bear break leads to a daily higher low and a bull break leads to continuation to $7,777 resistance.
Notice the ...
After a few week rallies to 6800 last week, lack of volume and conviction of the bulls caused that drop to the 6300/6100 levels. I gave a warning before the drop, even though i was bullish, i was very disappointed that the last rally we made got sold of at the 6800, again! Many alts have been bleeding big time lately making crypto HDOLing very painful. The past 2 ...
I hate to be on this train, but as I watch this unfold the similarities are there. Ripple continues to be a controversial crypto, but I trade with profit in mind first. There is also a undeniable amount of supporters that keep buying every dip.
I am letting you know now, that the odds of this trade playing perfectly are not high. But it is something I will be ...
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
ETH continues with 4 hour lower highs and lower lows while BTC holds up strong.
This is causing ETHBTC to get extremely oversold, and for the daily and 4 hour charts to significantly lose favor for bulls.
It is becoming more and more clear BTC has the attention of the market right now and ETH is a prime example.
I personally would only be looking to play ETH ...
Hi,
As you can see Bitcoin is getting squeezed between a supportive/resistive trend line, and the 50 Smma.
This implicates an important upward / downward move could be on its way, market has to make a bearish or bullish decision soon.
We have to pay attention to the shape of the incoming daily candles, to see if they form a bearish reversal or not.
Stay ...
Traders,
We have a month contract on USOIL.
USOIL just stop dropping when it hit almost 67 as our last idea:
https://www.tradingview.com/chart/USOIL/lstR6KL0-USOIL-Dont-be-sorry-if-you-miss-a-big-opportunity/
A new contract is going to make a new high or just go back to 72.5. We dont know yet.
But you can see there are lots of pips between current position to ...
a bat pattern points to a powerful zone that may act as a resistance. Keep in mind that harmoinc patterns always give two scenarios: 1) a bounce from the zone 2) a break through the zone. Price installed a terminal price bar and it looks much weaker than the bar before it. This is called a stabilization. As for confirmaiton wait for a bear trend bar to install to ...
Hey guys,
How are you? Back on TradingView with the updated version of the chart I've created a few months ago, where I was expecting the retracement from the 10K zone onwards towards probably this 5.8K zone as given scenario. We've reached that, so little update.
First: fundamental part. Potential ETF rumours. Wider adoption by MasterCard and other companies, ...
THIS SIGNAL MUST BE VALIDATED BY CANDLE CLOSE FIRST !!
Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
If you want to see my chart more closely, click the share button below that video.. You will be able to ...
Hello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins.
I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile.
Trades this far:
Day 1 BTS: Win +5% ...
Bitcoin Bitmex Update
Not much has changed overnight. It was still a buy on tests of the 7355 line but only for scalps...
If you bought on the second test of this level overnight raise the stop to 7438 for now.
The spikes above price suggest it's still not wanted much above 7500 so far.
The rest stays the same for now, a repeat of yesterday as nothing has changed ...
