Get ready for the weekend everyone! BTC seems to be following an inverse H&S pattern - which essentially means we are moving back up to test $7200 in the next day or two (depending on weekend trading). Volume is low right now as we continue to trace the right side. Be cautious of taking any short positions during this time - weekend trading sometimes...
BTC did exactly as my analysis predicted - we have traced the right side of the H&S and will need to go a bit lower before the current pattern is done. Many if you probably bought some BTC between 9500 and 9600 - its been banding between these prices for a large part of the pattern. This is not a bad long position price. If you have been patiently waiting for...
I am a little surprised how much garbage I see on the internet about Cryptocurrency lately. Promos with fake testimonials claiming they have the guru strategy that will make you millions... Fake people claiming they own over 100,000 bitcoins... You get it what I am saying right? I just have one simple question.. Have you been sitting back watching all this...
BTCUSD has reacted perfectly off our resistance, remain bearish for a further drop if it breaks major support. Sell below 8351. Stop loss at 8601. Take profit at 7827. Reason for the trading strategy (fundamentally): The big news surrounding cryptocurrencies is that eToro, the social investing platform, is launching a full-fledged cryptocurrency exchange and...
The 200 and 50 EMA might cross in the following hours, resulting in a death cross.
Let's see how this one turns out Bounced off the trend line but I think it will retrace before going higher
I've only just noticed the correlation between stoch wedges and violent price movement. Interested to see how this plays out.
IOST has been performing extremely well lately, and is now forming an ascending triangle pattern. As you can see it broke out of my previous trade pretty quick, due to the state of the bullish trend. Trade it on your own risk with an entry on the bottom of the triangle with a stop loss underneath, or trade the breakout (convincing with volume) with a stop loss...
Cryptocurrency Base Trading Strategy - 150%+ Possible Weekly Hello everyone, I am going to briefly cover one of my favorite trading strategies, Base trading. This is so simple, yet it yields me some really good weekly returns. What are bases? Bases are the lowest current support during a specific time frame. On the chart above, the bases are indicated in...
some weird stuff going on with bitcoin, big players maybe don't want it to dip sub 6.5k... wouldn't advise trading this chop but... I'd bet short term we go up 7050-7100.