We have already said a lot during yesterday's session (see chart below), the uptrend may need some consolidation or it could be a real reversal as it happened in the past. With this in mind, we show our idea about impulsive waves, and from a technical point of view we do not exclude a return around wave (IV).
Yesterday we published our bearish setup on the daily...
LTC/USD Daily chart offers a pretty easily spottable strong area which can be also a bounce area for short-term profits.
It stays around $70 and the area criteria are:
1. Simple the strong area (gray price zone) which has worked historically as a support and as a resistance:
- 27th June 2018 as a support
- 4th September 2018 as a resistance
- 2nd April 2019...
I still see the bullish picture still intact for Ethereum weekly chart. So long as we don't see a weekly candle closing below $165, the probability of big upside move increases. I am expecting a rally towards the end of Q3 followed by a year-end sell-off. For this move to work, bitcoin is simultaneously rallying to all time high, and $250 billion is...
Good morning guys,
if we are looking at Cardano, I´d like to show how something that is called "Reversal Wedge" as many of you might know already. Currently looking at the H6 interval we have some good hints, that Cardano might form one of these, due to the last resistance bounce (Wedge High 3).
For further confirmation, please look yourself at the chart: We...
Many folks have been proclaiming that alts are dead.
Despite this current wave of sentiment one needs to consider the following:
1. Exchanges have incentive to list altcoins.
2. Users have incentive to buy altcoins
3. Miners have incentive to mine altcoins
Why is there merit to thinking that BTC dominance will rise to 100%? Seems unlikely.
In my opinion the...
XRPUSDT Making symmetrical triangle pattern in Daily Time frame.
You can Take a Trade after symmetrical triangle pattern Breakupside
with full bullish volume.
There is a 8% Risk and 15% reward.
The symmetrical triangle is one of three important triangle patterns defined in classical technical analysis. The other two triangles are the bullish ascending triangle...
The priceline of THETA / Bitcoin has retraced between 0.382 to 0.886 Fbiconacci to form another harmonic insha Allah.
Upto 12hr chart the MACD is turning bullish and RSI is entered in oversold zone.
I have set the targets from 0.382 to 0.886 Fibonacci sequence due to BTC bull market.
The targets are:
Buy between: 0.00001240...
Good day traders
We got a SHORT signal on LTCUSD from SwingBot
Trade Risk: High
EMAs : Price action wedged between EMAs, likely break to the downside
Stoch RSI: Oversold but after crossing up, seems to have resistance
BuyZone, Possible targets and Stop loss are indicated on the chart
Check out how to use my trade signals in the link below...
We had a nice rally but don’t forget we are still in the holiday's mode.
During this time the general interest thus volume is getting smaller.
It happens especially in August when people from the northern hemisphere are on their holidays and they don’t think about crypto but about food, beer and swimming pool.
As we previously claimed we will stay in...
This is the long term projection of what, Bitcoin can do in the next 10 years, if we repeat history. BTC’s first run, from 2 dollars to 1100 dollars back in 2011-2014 had a duration of 789 days, if we repeat the history and have the same 637 days-long retrace as in 2014 from 1100 to 180 USD we could have a bottom of 4000 USD this season and start a new bullrun in...
Along with the video I posted today, I decided to do a new writeup on Bitcoin. As you can see here, I'm comparing the BLX and BTCUSD Bitstamp charts side by side, to show where various long term supports and resistances may align. I'm not including my "market cycle" boxes in this analysis, because I'm doing something a little different here. I did call the recent...
Currently, the price has found a support level from the 2nd July low at $9,650. The today's bounce and the powerful 4H candle gave us a pretty solid price action which can indicate that in some moment, the Bitcoin price starts to approach higher levels.
The road into higher prices is hard, a lot of criteria which all should work as resistances are located just...
Hello and welcome to my Trade Idea of the currency pair LTC/USD.
Lets start with the Top Down Analysis.
Weekly: The last weeks are bearish.
Daily: On daily we see the trend is in a downtrend, and we look for short entrys.
H4: On H4 we see a little correction from the downtrend.
M15: On the M15 timeframe we see the counter trendline and wait if the price...
Hello and welcome to my Trade Idea of the currency pair BTC/USD.
Lets start with the Top Down Analysis.
Monthly: Monthly is bullish with candles who getting bigger and bigger.
Weekly: On weekly is a nice uptrend.
Daily: On daily we see a little consolidation but potential for bullish momentum.
H4: On the H4 timeframe we see a trendline that could become...
ETH and XRP have very different value propositions and use cases, nevertheless together they represent, at the moment, a bit less than 20% of the Total Market Cap.
If we merge their Market Cap we can see they already broke out from a descending wedge and this Top2 is now fighting for another breakout from an ascending triangle. Anyone monitoring the...