This is some fundamental technical analysis of a "Flag Chart" NEO has shown to follow the past day or so. A very short term bull run to come in the next 5-7 hours. A great strategy to use in day trading highs and lows.
One of the best and one of my favorite (day) trading patterns and strategies is the flag or triangle break, especially in a bull market or after a huge run or in a clear uptrend. In this post, I want to briefly cover what a flag or triangle break pattern is and how you can trade this pattern with an example on NANOBTC. What is the flag break pattern? A flag...
Observations ABC correction bounced at the 0.618 - 0.650 fib golden pocket territory. Impulse wave anticipated with wedge formation on Wave 2. If wedge breaks up with strong volume then impulse wave should continue upwards to respective waves. If wedge breaks down then we would possibly see an impulse wave failure and see if a WXY correction forms instead. ...
Daily chart has two daily inside bars in a row at the moment, showing just how tight this 4 hour chart is. Looking for a break in this tight range today, as we look for BTC correlation to lead the way. Bulls have slowed down their positive correlation with BTC and ETH has picked it back up a bit. Daily EMA resistance continues to grind while BTC and ETH have...
Still certainly correlated to BTC, we are approaching our recent lows, but BTC will break them first if the market is to head to lower lows. LTC continues to be the lead bull, with much further to go to the recent lows. BTC is close to oversold on every time frame, but we will need to see a flush under $7,500 for any kind of dump/climax bounce this morning....
BUT the correlation still stands and we are not likely to see that break at this point. This means ETH bulls are holding up slightly better than BTC, but will still pullback with it. This means BTC will continue to be our gauge of strength, and right now the bears have the upper hand. Not playing any bounces unless both 5 and 15 min RSI are oversold on BTC. We...
There were a few fake outs along the way but huge volatility and bounce opportunity each time. Please see the live recorded youtube video from last night to see the strategy I used 3 times on the bounce. Currently all out of my most recent $1,050s position as I am looking for a lower high on the hourly to form, and healthy consolidation for a higher low. Note...
Key daily support was lost and next support was down around $10,000 which gave us extreme RSI conditions. There were many fake out bounces along the way, please see the live video on youtube from last night showing my strategy. I personally flipped ETH 3 times but used BTC action and levels as my guide due to correlation every time. Now looking for an hourly...
Looks like Poe creating a inverted head and shoulders, looks like a repeat of before. Interestingly enough, total crypto market cap is nearing all time highs. We may hit 1 trillion soon
If Dash is able to break above this resistance box in red, it is going to test previous ATH and potentially set new ones. I expect this to happen in the next two weeks. After lagging the rest of the market, Dash is going to catch up.
BCC is very bullish right now. No wonder, if we compare this Chart to the actual Situation out there. We will have two Camps and one camp is the BCC-Camp. Lets see what happens tomorrow with this BCC to have a clearer and deeper insight as for now. We are in the mid of a movement, so i dont want to decide for myself what happens next. Things can change to...
Verge could give us some good Gains if this Setup will remain Its a clear picture and actually everything seems like a clear guide to go "long" on Verge ... but be careful like everytime in our cryptospace - who knows anything... Here are my Entrys & Targets for this Setup: confirmed Entry: min. 0,00000098 (Price: 0.00000096 + 3% (for confirmation)) Wait till...
As we can see, Stratis looks undecided. Unfortanely, there are strong Signals for a probable bearish Prediction. If we breakdown through the support, the Ground could be near really fast Indicator-Resume: 1. RSI is falling and loosing Strength 2. OBV is falling and loosing Volume 3. EMA(hidden) is above Stratis I will stay away from Stratis and concentrate on...
Price reached our target at 6350 $ yesterday. This is our updated scenario - taking long positions after signal at 6000 $
ETH is constantly moving in consolidation. We are waiting for a break out. Scenarios below.
Remaining Neutral and Objective has allowed me to gain some clarity now on Bitcoin, so I will share my Time analysis (I rarely share) as well as Price analysis. So you get Time and Price today. As you will see, from this UNIQUE ANALYSIS (I have noticed a number of authors "copying" parts of my work) that Bitcoin has been working in a series of WINDOWS, helping us...
In anticipation of the new update on their roadmap we would like to position ourselves before in happens in few minutes. Break out is about to happen and volume is starting out. We can now buy or wait if it retrace around: 0.00007625 *Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies...