Some green is always nice! I will not be surprised if XRP gains ~7%. I do not want to sound complacent, but I will truly be excited once we break the triangle :) HODL, take some profits, and make somebody's day better! Disclaimer: I do not have a crystal ball, but I know some people who do :P
As long as we do not trade above $4400 I think this is a likely outcome. Low on August 1st. Lets see if it works out ;)
PATTERN IDENTIFICATION: INVERSE HEAD & SHOULDERS ... PARALLEL CHANNELS *2 Scenarios - Bullish & Bearish* *For bullish trigger there must be a close above the neckline of the inverted head & shoulders*
PATTERN IDENTIFICATION: GARTLEY *Wait for price to reach the completion point of the Gartley* *When we reach TP1 close 50% of the trade and move stop loss to entry point*
Nobody can predict the future, really? I try on Bitcoin. Just played a little around with Tradingview features. Bitcoin has most recently broken the important support zone, which it is a clear confirmation that bear get the better of bulls on the long-term. However, as usual, Bitcoin might underwent bullish correction before plummeting further. We will see....
ETH holding up the best of the big 3 as we are looking to test recent highs and breakout for continuation. The hourly chart is a potential cup and handle pattern with the inability to break resistance on the right side, and healthy consolidation before a potential breakout. Currently in a position from this morning after trading it yesterday and looking to see...
Bulls holding recent lows and seeing an hourly oversold bounce with a strong correlation to ETH this morning. We did not see 4 hour RSI levels hit oversold so we are cautious this could be a short term bounce before another leg down. Stop losses at break even as the bounce gets some breathing room is ideal for protection. While not as weak as ETH, the daily...
If H&S formation will approve we can see downtrend in near future. Still learning, so please DO NOT take my advices seriously. :) Be smart
Yes. The Dow dropped about 400 points and the S&P 500 dropped about 55 points on Friday. As bad as it sounds and feels, let's take Fridays market drop into perspective. Since 2012, the SPY was about 125... Since July 2016, the SPY has been above 212. If you really think about this, the market action that took place on Friday was a drop in the proverbial...
Above chart screwed up by update, fixed version: ______________________________ A way to predict not just time and price of the next bottom but also the target of the bounce to follow, you've asked for? Well there you have it! I have been trading this phenomenon for a few months on smaller timeframes already and it turned out my orders in January weren't that...
Quick n dirty because my tab got closed twice and it's already going up (thanks Ob--Opera gestures) q_q 15h consolidation cluster succeeding last low, preceding correction no2, which, in turn, is preceding "Beautifull Hed and Shouders" idea, followed by last impulse. Waves could be completely different, targets and pivot times shouldn't. Will post analysis if...