Euro has its ECB meeting couple days ago and the market was looking very bearish news came out.
Weekly timeframe shows no indication of momentum however, if we delve into the daily we can see a bearish flag pattern.
Inside that pattern, we see 2 bear flags on the 4hr and 1hr as well which shows the continued momentum the sellers have. Remember guys impulse and...
D1 - Price broke below the bottom of the channel.
H4 - Lower lows, we may now look for corrections and then sells with bearish evidences.
H1 - Currently it looks like a flat correction is happening in the form of bearish flag pattern and the price has broken below the bottom of it.
We may now start looking for sells with more bearish evidences.
Just as my 2019 prediction, I thought bitcoin near correction after the bull run from Feb.2019.
Here are why:
Percentage of gain:
From 07.Feb of 2019, bitcoin last more than 4 month bullish run, price of bitcoin jump from 3390 to 9444 (17.June), the percentage of gain is...
Just a potential idea for STRUSDT and potentially all of crypto. I think we are currently in an X-wave and not starting the actual bull run. I've tried to follow as many NEoWave rules as I could, however there is the possibility that I've overlooked something, or a different variation on a correction happens, etc. This is more for a rough timeline of...
Previous view: Odds of a bear continuation are medium, stay bearish and sell at any high point while prices don't pull out from the support zone or 0.69000 top level.
Actual outcome: Prices broke a support zone and are still subjected to a bear pressure. The odds of a bear continuation are medium/high with tiny chances of a reversal driving the price higher....
Hello my crypto people.
Again I want to give thanks to my two most influential Technical Analysis masters, MagicPoopCannon and Botje.
In this example I am proving that 1) we are still in a bear market, 2) It is a very risky decision to enter a long position, 3) Bitcoin prices has gone up mainly because of political factors rather than fundamental properties....
Analyzing the chart, I see 2 important points:
1 - Coming a correction to $6790. I believe that is the best price to buy in this cycle.
2 - Important persons is saying Bitcoin$25K in 2019. I believe that will can reach this price in midle of 2020.
Iv'e been waiting for this setup to confirm for a while now and have just entered the long position. Looking at the structure indicated in blue, we can see the initial impulse wave on the left of the chart, indicated by the first blue arrow. Then we can see a corrective structure which is in wave 3 to the downside at the moment. I have entered the long based on...
Hi everyone. It's time for another glorious BINANCE:LINKBTC analysis. So far I've been on the money pretty well, so be sure to pay attention to this one. I recommend that new readers check my previous trades for this coin.
I'm back from my holiday, so as promised, here's the new analysis! The ABCDE scenario I outlined last time has been invalidated already as the...
Long 7918, Short 8213, Long 7945, Short 7945. Long 6315.
Playing my meme lines and such yadda yadda, increase position size as we do each trade.
Clearly getting this kind of move to work for you requires incredible luck and a dash of gusto, now we wait to see reaction at 7918.
The Bitcoin, here the Bitmex XBT contract, has been operating since June 4 in a feathered configuration. This type of figure generally indicates a downward consolidation. There are several things to say about XBT:
1) We note that the 23.6% Fibonacci retracement zone (traced from the low point reached in December) was worked on during this...
What's coin on guys?
A couple of indicators are pointing LTC correction is on the way.
1. Price action combined with fibs has gotten LTC right in the golden pocket of previous range (61.8 – 65%)
2. Daily RSI bear div
3. Daily histogram bear div
4. Volume div
5. Top of the raising channel resistance
6. Rising wedge
7. BTC NVT still burnin' red
8. Market sentiment...
I'd be careful buying this move fam. Volume doesn't look too good, and we didn't even take out the last high of $8134 from our last rally. If this was for real I think we'd see BTC closing candles upwards of $8000 not closing below $7950...
IMO the next time we fall we are gonna take out that trend line and head towards $7200 or lower....