chartpatterns

Hi friends! Welcome to this update analysis on Bitcoin! Let's get right to it! Looking at the daily BTC chart, you can see that Bitcoin is testing the top side of a huge downtrend channel, which it has been trading in for over a year. To those who don't believe that this is a downtrend channel, I can quickly prove that it is, by showing the reactions that BTC has...

After the pullback on Thursday night, the bears are at it again. Yes the same "experts" that have been calling for a huge pullback since, let me check 4k, are ignoring the structure and proportion of this rally which is clearly bullish. Unfortunately many have missed out on the rally or simply flip their calls depending on the direction of the wind. One simple...

I don't want to go into much detail on this one. This is just the current volatile price action explained by the assumption that Bitcoin is trading on a symmetrical pattern. The July 2018 - December 2018 price action is close enough to be an inverse formation of the December 2018 - today formation. Their distance from High - Bottom is identical (144 as opposed to...

Trading Environment-Short Term: Current Environment-Neutral Hi Everyone, I will be tallying the numbers today for the weekly winner of the contest. G- Sent 05/20/19 9:05 A.M to members--Futures are under some selling pressure again this morning after Friday's very weak close. The /ES is approaching the inverted head/shoulders support zone and if that pattern is...

a potential unified gartley is setting up.

Bitcoin was rejected for the 3rd time on the 8,200 - 8,360 zone, making a Triple Top rejection formation on 4H (turned neutral with RSI = 51.868, ADX = 28.597 as it is trading close to the 0.500 Fibonacci level). We are expecting the rebound zone within 6,400 - 6,800 assuming that the decline rate on every rejection increases by 0.40. There is also an obvious long...

First we saw how the BTC-Dominance increased from 50%-60.1%. That was were OUR FAMILY made a lot of money when we went from 5k to 8.4k USD. Then - literally out of the blue - we dropped 4 % in BTC-Dominance and everyone was shouting Altcoin season. Altcoins fared better than Bitcoin, BUT it was only for 2 days. So What is Going On Trading at Key Levels which...

H4: - Downward - Break and below resistance => Sell

XAUUSD, Continuous downward: Sell H4: - Strong downward - Below minor resistance => waiting signal=> Sell

CADJPY is approaching its resistance at 82.62 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 81.80 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

Hello friends Often I do an analysis of the short and long positions on the Bitfinex crypto exchange. Now I want to explain how to analyze from this analysis where Bitcoin will go. From experience, I can say that short positions are closed when a large volume of positions is liquidated, as it was when Bitcoin broke the 6300-6400 level on May 8-9. Now the shorts...

NZDJPY is approaching its support at 71.01 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 73.14 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its support at 1.52% where a corresponding bounce could occur.

$XRP looks very juicy, there is a bunch of reasons that tell us about possible local growth in the very near future. First of all - $XRP formed a double bottom when one jumped from the support at 0,00004 BTC. This pattern attracted attention of traders which promoted good volumes. At the moment we can see a formation of golden cross, which can easily give a start...

USDCHF is approaching its resistance at 1.0125 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 1.0070 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

NZDUSD broke out of its major support at where it could potentially fall further to its support at 0.6465 (61.8% Fibonacci extension, horizontal swing low support). Ichimoku cloud shows signs of bearish pressure.

XAUUSD is approaching our first support at 1274.97 (horizontal swing high resistance, 61.8% Fibonacci extension , 76.4% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 1302.26(horizontal swing low support, , 61.8% Fibonacci retracement, 100% Fibonacci extension ). Stochastic is also approaching...

USD index is approaching its resistance at 7.055(61.8% Fibonacci extension, horizontal swing high resistance) where it is expected to reverse down to its support at 7.006(61.8% Fibonacci extension, horizontal swing low support, 61.8% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.

Gentlmen, friends, traders. A simple update. I click on just a few posts on trading view and people are spewing stuff about tops and making up signals to gain hits. Folks, don't get caught in all the malarky going around with people looking for excuses to enter trades. Stick to your guns and analysis Simple explanation of what's going on. What does that look...