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STRONG "HEADED" REVERSAL COOKING UP?? - UCADHere I have USD/CAD on the 1 Hr Chart!! Price attempted a BULLISH BREAK of the Falling Resistance but was quickly halted and retuned to the Low created before the MASSIVE PUMP! Now on closer examination, price seems to have a underlaying Reversal Pattern beginning to take "Face". A HEAD AND SHOULDERS PATTERN!! Now with our "Neckline" @ 1.36567 being confirmed after the formation of the First Shoulder and Head, we can expect to see 1 last attempt at a HIGH!! This HIGH I believe will be at the Same level as the First Shoulder, forming the Second, which will be CONFIRMATION OF PATTERN!! Then, upon arrival back at the Neckline, we will be looking for SELLING OPPORTUNITIES!! **IF Price BREAKS & CLOSES ABOVE the First Shoulder @ 1.36984, Pattern is INVALIDATED!! First Profit Target Zone will be at the SUPPORT ZONE @ ( 1.3627 - 1.3600 ) Range
Short
by Novi_Fibonacci
Ethereum Move As Expected, Continuation Or Reversal?!Hi my friends, I hope everybody of you is doing well in today's volatile times, for now, Ethereum provided good signs to rely on the last weeks different to bitcoin and other cryptocurrencies the signals with Ethereum were highly worthwhile for me with some good opportunities in the schedule, therefore, I highly recommend that you read the last ideas I made on ETHEREUM these are living examples for how well technical analysis can work and that is a science which can be applied on today's markets. The triangle which I forecasted broke out as expected and the bearish pull-back came, in the trading-perspective, these observations can be measured highly profitable. Friends, I see many people distracting with giving wild promises that bitcoin or ETHEREUM skyrocket to 1.000.000, etc, this is mere speculation and we should always keep an unattached cool head to consider the best opportunities with the highest possibility the market gives us. The market is full of many contrary signals which has to be ordered rightfully. Great, let's look at the current situation and what ETHEREUM is doing right now, we have some important signs which shouldn't be ignored therefore I am looking at the 4-hour locally time-frame. When looking at the current chart which is building a coherent follow-up to the previous ideas I published about ETHUSD, we can see that it almost did what I expected it will do, we had a downturn from the strong resistance level at 170 USD, the market was at resistance. For now, we have a support-base between 145 USD and 150 USD this support base will be respected because there are many confluence factors coming together building up a highly possible confluence-zone where the price will surge, from there we can see two possible price-action-scenarios coming. At the first hand, it is the scenario in which we get a bullish up-move bringing ETHEREUM into resistance and then falling back again, this moves us possibly because we still see selling pressure. The other way will be that ETHEREUm stabilizes at the support and establishes to move above resistance. What is important to be said in this structure is that we have a very very very bearish zone confirmed when we fall with ETHEREUM under the 145 confluence-zone you can see in my chart. When we cross this level to the downside I do not see a fast reversal coming so soon. The next support below that level will be at 128 and the next one at 120. On the other hand for a bullish reversal in the confluence-zone, we have to cross above purple EMA and finally to get a middle-term bullishness with ETHEREUM take out the upper red resistance level which already confirmed once to the downside. Alright, friends, this should give you a good overlook of the current situation facing ETHEREUM, remember that each scenario has to be confirmed properly before looking for a pleasant trade-entry. In this manner have a good day and rest of the weekend ;) Feel free to support for more market insight. Success comes from elevated concentration on the projected goals FAREWELL Information provided is only educational and should not be used to take action in the markets
COINBASE:ETHUSD
by VincePrince
15
Be aware of this hidden Fractal-Similarity between BTC and Gold!__________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community, today I share with you an amazing observation which I found in the bitcoin and gold chart. As many people know when we talk about digital gold we bring bitcoin in the conversation, similarly to the physical gold the supply is limited and the production is similar, the difference to the physical gold is that the production and supply of bitcoin is 100 % digital. __________________________________________________________________________________________________________________________________________________________________ When I compared the charts to one another I figured out that there is not the only similarity in production and supply but also in the chart picture! Looking at the physical gold chart the overall structure can be divided into four phases. You can see these phases marked in the charts. There is also the big descending wedge in gold which already confirmed the same way in bitcoin. Phase 1: Correction: Gold provided a significant correction from 1900 to 1050 before it formed the ongoing uptrend, this fractal can also be divided into a Wyckoff accumulation phase. When looking at the bitcoin correction phase we see an unbelievable similarity with the physical gold chart, as it formed the exact same correction fractal which can be divided in a Wyckoff Cycle. Phase 2: First Uptrend: The first uptrend in gold is important because it brought gold from 1050 to 1350 in a massive up-trend wave before the consolidation set in, we saw the same dynamic in the bitcoin chart as you can see when looking at my chart. Phase 3: Consolidation before Breakout: When looking at the consolidation phase of gold I saw that there is a significant wedge formation before a massive breakout happened, you can see the breakout marked in the chart with the red Ellipse. Like a correction in bitcoin the next weeks is the most probable scenario we can expect a similar wedge pattern before a breakout. Phase 4: Second Uptrend: The second uptrend with gold is developing right now, this is the point where bitcoin is still in the correction phase, but the setup is highly probable as there are so many similarities in the charts we can expect bitcoin entering the breakout and phase 4 symmetrical to gold. The only difference is that the charts diverge in time. __________________________________________________________________________________________________________________________________________________________________ Soo my friends, this should be a good overall overview of the physical gold and digital gold compared to one another. ;) Please like and follow my work for more market insight. All the best and good trading profits my friends! __________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
33
My Forecast Played out the Bullish Way and the Flag Confirmed.__________________________________________________________________________________________________________________________________________________________________ Hello my friends! This is a update-analysis on a idea I made november last year! I called that we are trading in a huge bull-flag with two possible outcomes. Now we can see that the bull-flag I observed is playing out the bullish way just right the coming days. Highly recommend that you watch this analysis to have a full overview of the situation: __________________________________________________________________________________________________________________________________________________________________ We are looking at the daily chart and can see that the huge bull-flag I suspected to confirm also in a bearish way is confirming the bullish way now. We made a possible final lower low and otherwise when we can't find bearish signals signaling a fake break-out of the flag or heavy supply we can expect a good growth period with a higher high in the structure. __________________________________________________________________________________________________________________________________________________________________ I expect a consolidation the next days above the last blue trend-line which you can see in my chart before moving steadily higher. This is a middle-term analysis, in the next weeks and month we can expect bitcoin to test the upper resistance levels at 10600 to 11900, for now, I can't say that we are out of the woods for sure but we can expect some bullish movement. A possible target of the bull-flag would be 12700 with more upside potential, we have to watch if this plays out! __________________________________________________________________________________________________________________________________________________________________ Thanks for watching everybody. I hope you found this analysis useful. Feel free to support my work for more market insight. All the best! __________________________________________________________________________________________________________________________________________________________________
BITFINEX:BTCUSDLong
by VincePrince
17
What Can We Expect from Bitcoin in The Upcoming Year 2020?! ______________________________________________________________________________________________________________________________________________________________ Hello my friends, first of all, I want to thank all my followers and supporters for the great participation in my analysis provided 2019. Hopefully, everybody of you had a good good good Christmas time with friends and family and will join the year 2020 with good energy. This is very important! ______________________________________________________________________________________________________________________________________________________________ Today I want to talk about bitcoins price-movement in the upcoming year 2020 and what we can expect from the next 12 months. There is an important long-term formation forming which you can see in my chart that could provide when confirmed a bullish year 2020. When we are looking at my chart we can see a big cup and handle formation forming and which can confirm next year. We can see right now the price is consolidating above several important support bases. 135-EMA: It is a substantially important indicator in the formation right now. As you can see in my analysis the price is trading right above the 135-EMA in purple you can see in my chart. Which first of all is a good sign. It is highly likely that the EMA will hold and confirm as support. 200-EMA: When the 135-EMA cant hold there is an important other EMA that can confirm future support. The 200-EMA is marked in orange as you can see in my chart. Cup and Handle Pattern: There is a huge massive cup and handle formation forming which confirms when the pink box which you see in my chart is touched. The target in my chart will be valid when the cup and handle formation confirmed. The minimum target of such a formation is the lower and higher point of the cup You can see all the important indicators described in the legend which I provided in the chart. There is also the 23.6 & Fibonacci retracement in which we are trading right now. Also what is significant to look at are the blue speed support lines which indicate a stable up-trend in the long run. You can see the lines marked in my chart in light blue trend-lines. These lines marking an uptrend and are drawn from the lows of several key levels which confirmed as support in the past. When a line of these speed lines are broken this could indicate a change in price direction so when considering a possible bearish reversal we have to watch out for these levels to confirm. ______________________________________________________________________________________________________________________________________________________________ This analysis is used to describe the price-direction of a full year from beginning 2020 to the end of 2021. It shows the highly likely scenario of price movement the next year. Hopefully everybody enjoyed, may you have a great time and good start in the next year my friends ;) Feel free to support for more market insight. ______________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDLong
by VincePrince
36
BTCUSD - Is BITCOIN trading in a real bull-flag or a fake one?!__________________________________________________________________________________________________________________________________________________________________ Hello traders investors and community. There are some interesting things going on with BTCUSD which I discuss with you today. As it fell below support the last days and seems to recover we have to look on the chart for further details in the analysis which will determine bitcoins future price action. Lets go! __________________________________________________________________________________________________________________________________________________________________ In my chart, you can see that BTCUSD is trading on a huge parallel channel. Which is technically and theoretically a bull-flag. A pattern that normally breaks to the up-side. However, this can also be a fake one, a channel that can break to the downside, you can see these types of channels in smaller time-frames. The pattern has to be confirmed with a break-out to the upside to make sure that it is a real bull-flag. __________________________________________________________________________________________________________________________________________________________________ As BTCUSD is trading below support now I expect a rally to the 8000 USD range, where we will likely get a pull-back as you can see marked in my chart. Technically these types of the pattern break to the up-side, however, this would be the best scenario for many people, there is also a scenario for more downside as BTCUSD is trading at the moment right now below support and made some bearish moves the last weeks this can continue with BTC rising and falling back again. As you can see it happened after this massive bull move with high volume and momentum, it can continue like that. __________________________________________________________________________________________________________________________________________________________________ For now, we have to see for more bullish or bearish signs the next days and weeks, I consider the bullish scenario more likely with a 70 % probability and the bearish 30 %. I know that many people want to believe in the bull market continuation but we have to watch rationally and logically for technical signs to confirm this scenario. __________________________________________________________________________________________________________________________________________________________________ have a good day and good trading profit! Thanks for watching! For more market insight feel free to follow! ;) Information provided is only educational and should not be used to take action in the markets! __________________________________________________________________________________________________________________________________________________________________
COINBASE:BTCUSD
by VincePrince
17
LTCUSD - Fractals Dont Lying?! This Next Move Can Be PossibleHello traders investors and community, I detected an interesting set-up with LTCUSD which I share with you today. As you can see LTCUSD is trading in a downtrend channel with several bear-moves in the last time. Bulls are weak at this time which can change in the future but for now, bears have control over the overall structure. In my chart, you can see that LTCUSD made two triangles which broke to the downside and made sharp bear-moves. After this LTCUSD made a bear-flag which broke also to the downside. We are trading in a second possible bear-flag, the possibility for a break to the upside is given which is not very likely, most often those patterns break in the direction which price came from. When we confirm this second bear-flag and move down the target which you see in my chart marked with the blue box is intact. We have strong support in this area which can lead to a move to the upside. This formation can be traded either conservative or aggressive. The conservative approach would be when the bear-flag is confirmed, an aggressive entry would be immediate. I wouldn´t recommend the aggressive approach here because a small possibility is there for a break in the wrong direction. Always good to wait on confirmation. The information provided is only educational and should not be used to take action in markets. Feel free to comment with your opinion and support. For more market insight follow. May all luck and happiness come to you ;)
BITFINEX:LTCUSDShort
by VincePrince
17
BTCUSD - Important scenario on middle-long term to watch!___________________________________________________________________________________________________________________________________________________________________ Hello, as many people giving advise when to buy bitcoin and how much can it fall before backing up there is an important scenario to watch when considering the bullish scenario. Do you really think bitcoin will back up again when falling to 4000-5000 USD?! There is not much volume in the market, a fall to 4000-5000 USD would confirm several bearish indicators and the probability of a possible bull-market continuation will fall. ___________________________________________________________________________________________________________________________________________________________________ As you can see in my chart there is an important indicator showing us when a confirmed bull and bear market is in play. It is the Thunder Cloud Suite. It confirms bull and bear markets. Also in bitcoins bull-markets the weekly close was never below the lower band of the Thunder Cloud Suite. It indicated exactly the market change with a close below the lower band in april 2014 and march 2018. ___________________________________________________________________________________________________________________________________________________________________ What is also really important and worth to look at is the major blue trend-line which you see in my chart holding bitcoin all the way up, what do you think will happen when bitcoin trades below this major blue trend-line? Right another bearish indicator confirms! There is the 50-EMA which also hold the bull-markets in the past and confirmed more downside when broke down. ___________________________________________________________________________________________________________________________________________________________________ For now we have to watch if bitcoin succedes in holding the range or if it falls more. Falling more can also happen slowly with touching support backing up and falling again as seen in the bear-market after 2017. Considering the bullish scenario the volume for an continuation is very important. ___________________________________________________________________________________________________________________________________________________________________ Thanks for watching! May all luck and happiness come to you! For more market insight feel free to support! The information provided is for educational purposes only and should not be used to take action in markets. ___________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
21
EOSUSD - Target reached and profit taken! What comes next?!_______________________________________________________________________________________________________________________________________ Hello traders investors and community. This is an update analysis on my recent SHORT analysis about EOSUSD. The pattern we see here looks pretty similar to the one i detected with LTCUSD, when you didnt seen it yet you can look on my profile. _______________________________________________________________________________________________________________________________________ EOSUSD reached my target which you can see in the chart marked with the red dashed trendline, this was my minimum target for the SHORT trade! Everybody who traded this should be happy now, i already took profit! _______________________________________________________________________________________________________________________________________ Now the market sentiment has changed! We are facing a possible reversal to the upside with EOSUSD here, as you can see it is trading between the 3.5 and 4.26 range. The recent support at 4.26 is now resistance. _______________________________________________________________________________________________________________________________________ Now i am looking on two possible scenarios, the first scenario is an correction to the 3.7 range as marked in my chart, the second scenario would be a break-out to the upside above the 4.26 range, this would be the point where many traders would set there LONG positions and stop out SHORTS. When we break to the upside without correction in the actual range EOSUSD will confirm the 4.26 (red dashed trendline) after the break-out. _______________________________________________________________________________________________________________________________________ The RSI shows a oversold condition which you can see with the green rectangle in my chart, also we see a possible EMA crossover happening the next time! These are two indicators which confirming an reversal at the moment. _______________________________________________________________________________________________________________________________________ All signs seen in my chart and analysis seem positive for an reversal to the upside, but we have to wait on confirmation and dont rush emotionally in a trade! Either confirmation will happen with a correction in the range or a break-out to the upside, these scenarios will be good opportunitys to trade EOSUSD on the LONG side. Possible targets after a confirmation would be the blue trend-line. Otherwise when we can not hold the range between 3.5 and 4.26 there is a high probabilty that it will fall more. _______________________________________________________________________________________________________________________________________ Okay i hope you enjoyed this analysis! All information is only for educational purpose and should not be used to take action in the markets! May all happiness and luck come to you folks! See you soon! _______________________________________________________________________________________________________________________________________
ELong
by VincePrince
12
📝 $USDJPY: Watch Potential Breakout and Bounce From Trendline👋 Full-time trader here. Posting out here free Forex analyses for you. Welcome to like, follow, & share. Thanks for your continued support. 👍 Scenario 1: Bullish Breakout Trendline-bounce plays can be dangerous if you're new to trading. It's always good to wait for confirmation. In this case, an ideal scenario would be to bounce off the TL's third touch (now) and break into resistance for a confirmed breakout. If bulls come in here, they'll reclaim the resistance as support and continue higher. That's the ideal move. A safe trader would buy on break of resistance ONLY AFTER resistance becomes support. Here's a visual: Scenario 2: Bearish Rejection Many traders will like to think that this was a bearish rejection on the 4th touch of TL and they hopped in to short it. But wait. Not so fast - that can be a bearish fakeout. Need to be careful here and wait for proper confirmation, which would look something like this: First, the blue trend gets broken. Next, the resistance holds up well for a violent breakdown. You can start shorting on a lower high after that. You can play both sides, as long as you wait for confirmation. Waiting for confirmation is difficult in a fast-paced trading environment. You want to jump on a trade, make some pips right away, and log off. It doesn't work like that. Patience pays off. Wait for confirmation and take safer trades. Always check the shorter timeframe for the best entry and for trend confirmation! If you see the wick of the last candle, it bounced PERFECTLY on the high wick from before. Also, what's great is that it confirmed a fakeout under the trendline on a strong, bullish, high-volume candle. As I always tell my followers, go LIGHT on your trades. Baby gains add up! When you refine your strategy or hit 100 green trades, start making heavier trades. Follow for more free insights. Posting a few times daily!
Long
by kingdips
GBPUSD, Bounced At Neckline, Determining Important Zones!Hello, Traders Investors And Community, welcome to this update-analysis about the price-action in GBPUSD, and therefore the resulting conclusion we can examine for the further sequence of price-action. As I pointed out in the past GBPUSD analysis the price formed an overall head and shoulders formation which confirms to the upside or downside, I also gave the conclusion that a break to the upside will be more in the spectrum of a likelihood because of some important factors, however, the bearish scenario was also given but now we have a good confirmation building the upside potential in GBPUSD. If you did not see the analysis already I recommend that you watch it to have a full depth-overview. When looking at the given information now we can gaze that GBPUSD has touched the neckline of the head and shoulder formation and formed a bullish hammer candle there which is a strong bullish reversal candle and can be watched in all time-periods. As you can see in my chart the price bounced already several times at the rising trend-line of the neckline to form it as a solid support level. Currently, we saw some good bullish continuation candles after the initial bounce of the neckline, overall it is possible that we will visit support-line of the neck-line a second time to confirm it, in all occasion we can expect that GBPUSD will go the way up to the targets you can see in my chart. A stable confirmation will be when we cross above the 1.24836 level, in this case, it is possible to open a long position here with a stop-loss below otherwise more aggressive traders can trade the formation with immediate entry and stop-loss below the bullish hammer candle, In the occasion to trade this current set up properly it will be a wise decision because of the risk-reward is good in this case and after the strong confirmation of the neck-line, the likelihood and possibility that we visit the targets increased dramatically. The first target is at 1.26373 which will be reached when we cross finally above the 1.24836 level and after that, we can count on the final target of the structure at 1.27558, you can see both targets in my chart. Thanks for watching, support for more market insight, and a good weekend, everybody! ;) Astonishment is the basis of reverence. In this manner: FAREWELL Information provided is for educational purposes only and should not be used to take action in the markets.
by VincePrince
15
USDJPY - Huge formation in progress - Look at the chart! Hello dear traders and community. Looking on the daily chart of USDJPY we see an interesting setup forming here. On my chart you can see the huge head and shoulders formation forming. It is a complex head and shoulders formation with two minor left shoulders already formed in the major left shoulder. Also it is inverted that means it can complete with a bullish trend to the upside. The pink trend lines are showing the origin of the left minor shoulders, in the right major shoulder it shows the potential origins of the two minor right shoulders (which are forming now). In the bottom of my chart you can see a major support level, where USDJPY already bounced 3 times now: The first time at the beginning of the uptrend showed in my chart on the left bottom, where USDJPY formed a bottom formation and moved to the upside with some healthy green candles. The second time at the head of the head and shoulder formation which is in progress. The third time at the first minor right shoulder It is highly possible that USDJPY will bounce in this area again when completing the head and shoulders formation Also there is an psychological support zone at 100 - 105, normally full numbers like 50,100,200,300 etc. have a high probability to form support or resistance in this price ranges. There are several ways to enter this possible long trade, the aggressive approach would be to open a LONG position as soon USDJPY hits the major demand zone, a more conservative approach would be to wait until the head and shoulders formation has confirmed. Thank you for watching! Of course this is only educational information and should not be used to buy or sell in the markets! Peace and love to everybody!
Long
by VincePrince
AAPL - Excellent LONG Opportunity you Can´t Miss______________________________________________________________________________________________________________________ Hello traders investors and community, I detected an excellent LONG set-up in APPLE I share with you completely free. Thank me later! ______________________________________________________________________________________________________________________ I see many short set-ups calling for downside, please dont be a fool.. After break-out shorts will be stopped out. ______________________________________________________________________________________________________________________ LONG Reason: Uptrend Technical: V-Bottom What to expect: Break-out and confirmation -> rising price Entry: 227 - 235 Target: 370 - 390 ______________________________________________________________________________________________________________________ This information is only educational. Thanks for giving support. Follow for more market insight. May all your trades going well! ______________________________________________________________________________________________________________________
NASDAQ:AAPLLong
by VincePrince
15