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 ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my...
The mother of all head and shoulders patterns is close to completion. Looking at the daily, you can see we have a very reactive trendline, possibly neck line that stretches all the way back to the 10th of December, when prices were in the 400's. If you saw my "BEARTHERIUM" post recently, prices dropped by as much as 18% from the time I put out that warning, and it...
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 ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my...
Disclaimer:
___________________________________________________________________
Let me start with saying that I am a nobody. Highschool dropout.
Worked maybe 3 years out of my now mid adult life.
Spent to much time online. Mental health issues.
I don't trust me. So you shouldn't either. With that...
since i've published the previous chart here ,
BTCUSD broke (1) the channel (2) 38% fib zone (3) 50% fib zone
and theres no sign that the bears are stopping, they have gained momentum and is reaching all the way down!
Things will be bad if they manage to pass through the entire fib zone with no hesitation .
The next level of support will be the 161.8% price...
The information in here is real and I hope you enjoy it because it will give you the reality.
There is a lot of speculation and people hoping what is happening now doesn't happen.
These people are the people that can't afford to go down as their btc was for dinner tomorrow and they don't have the time or patients to go down and up. However we need this this is...
Instead of completing the potential Cup and Handle formation yesterday, the price of Bitcoin decreased further and is now resting upon the neckline of a Double Top. There have been large spikes of selling volume at a couple of key levels which have ended in pennants before the trend continued downward. These pennants may also be interpreted as miniature Double...
In this variation of my most recent chart we see that the downward pennants (continuation patterns) are playing out and the price has finally broken the neckline of the Double Top. This validates a downward breakout. This should have triggered stop losses if you hadn't sold already. In addition to the neckline being broken we also see that the crucial 50% fib...
Hello friends!
Just a quick update on my analysis yesterday :
Here are some things to be positive about :
1. BTCUSD sitting quite comfortably on the support of wave 1 Fibs retracement
you can see that the same level has been tested on the previous correction a and it holds up pretty well!
also, there was a short period of uncertainty before BTCUSD...
News is all over the place stating that Binance is compromised!!
And here , Binance has acknowledged the fault and is looking into it.
Immediately after that, a bearish candle appeared and broke the 200MA and even went down to pierce the upper channel (blue line) and enters into the fibs retracement zone of wave 1.
However the bulls immediately stepped in to...
BTCUSD as well as almost every other alt coin took a hard hit today. Most of the market action today is a result of the news of Binance being "hacked". Were they actually hacked? They have released several statements suggesting that it is a technical difficulty rather than a hack. HOWEVER, several users have reported that all of their ALTcoins were sold for BTC -...
Left chart: 5 min timeframe, RSI under resistance, MACD extremely oversold.
Right chart: Daily timeframe, support cluster.
We will probably see a bounce on this level.
If we break this massive support, then we will see some nice freefall
I am still bearish medium term (coming weeks, maybe months)
I am bullish long term (years)
Hi Traders,
As you can see on BTC we have broke the main support the RSI displays loss of momentum and we are seeing huge sell offs.
We have support at 9289 which is where the 200 day ema lies and the .786 FIB.... Will this catch us??? Depends on the market buys at the moment with loss of momentum no it won't..... the likelihood of hitting 6K is very...
There won't be an inverse head and shoulders... I can't see this ideas anymore. We are in a clear downtrend.
This will go down at least to the 2nd support. Therefore, it will either be a bigger ABC correction or we'll drop very hard one last time.
Okay... a drop to $8000 area is also a strong drop.
Nevertheless, I still see a high chance that we will test or...
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 ;)
Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum .
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
If you want to learn more about the basic rules to trade with my...
If there is one thing you keep on hearing from me is about Bitcoin not being in "bull run mode" yet.
Yes, Bitcoin has been going up for an entire month now, but we are still within a huge downtrend, and the Altcoins market, which is the most relevant to us (me and my supporters), continues in its long correction.
So what to expect next?
We will still keep on...
