Falling wedge shows that the sellers are gone and it's looking to breakout. Buying opportunity of a lifetime.
Hi Traders! No volume on the market means boredom – at least for the time being. But there is also one good thing. This is low volatility which for traders is not good by itself but in this particular case means there are NO more people who are willing to sell BTC below $6500. We have this strong resistance since the beginning of the year ($ 5800-6500). We are...
Hi Guys! Most of you already have heard about the hard fork of Sia. We read about that a lot and we think this is a good idea. To make the long story short. They produce their own ASICs. They are called Obelisk SC1. They are used to dig Sia coin and maintain the whole network. Everyone can buy them. However, ASCIs from Bitmain which are also used in Sia network,...
This is just a brief update to the Bear Flag Pattern I have been following in ETH-USD. This pattern started to present itself back in early September when ETH dropped out of the $280 range all the way to low $170s on September 11th - September 12th. The bearish flag pattern is forming nicely and has been confirmed by multiple data points over the past two weeks....
As the title says, we are currently hitting midpoint resistance of the the Reggression Trend channel. Although weaker than the tops and bottoms, this usually presents its's own support and resistance. We already saw a nice volume spike and a spike on the 30 min chart in the CMF to confirm the breakout. We will need to show more strength to overcome this area as...
The idea is to trade the break of the rising wedge as it looks like BTC is now at a crucial level and is set to retrace from the current levels. The break should occur throughout the next 3-4 hours. Stop loss above the previous high, Tp based on the projection + important support. Good luck to all. Check my other ideas and subscribe if you want to receive...
BCHUSD, Uptrend forming on H4. --> Buy
Ethereum broke below is demand zone on the break of the channel but bounce right off the POC and moving right back into resistance that was once support. RSI has turned up and still has room to go before hitting resistance and MACD histo is nearing positive territory while the signal lines still have some time before we get a bullish cross. We are still not...
*NOT FINANCIAL ADVICE - JUST MY OPINION* On the 4 hour chart it looks like a potential bear flag is forming - what's interesting though is that every bear flag that's formed off the rising support line has been negated - which I've circled. Based on the RSI & Stoch RSI on the 4 hour chart entering an upward trajectory, my anticipation is that we will see...
Cryptotraders are too focused on BTC pairs. Why not pay attention to ETH pairs as well? Look at the XMRETH chart. See that nice, predictable volatility? Ether and Monero aren't strongly correlated. These are two cryptos that with very different concepts and goals, so their prices tend to be uncorrelated (that is, compared with other cryptos). XMR will release...
Long term (10.2019) price objective: With an estimated BTC price of 100'000 USD in October 2019, old longterm trend lines point to a Price Objective of around 46 USD.
Safer bet to buy the breakout pattern (which is the daily 100ema). Aggressive entry in the Buyzone. Targets along the way. Be advised major resistance trend line ahead.
Rejected off $6450 ish to find a higher low in the $5900 range. Followed by a retest of $6450 for a rejection then a bounce off $6211 area where we will then test $6600. By then, the descending triangle resistance and 200D MA should be right above us.
No surprise here! Same thing we have been seeing over the last week or so! Bulls gain some momentum, break the 12MA and get SHUTDOWN when attempting the break the 26MA. Although the longer this goes on, the tighter the difference between the two will have to become and that's when we need the bulls to strike! Pay attention to these trend lines! The bears and...
Bitcoin short idea generated by our neural network
Strong 3M/MN/WK demand in control on Litecoin, very possible we will start seeing longs on LTC finally! Long from WK demand, but will look to add position if we break the WK downtrend.
3M Demand in control on Ethereum, expecting new demand zones to be created on lower time frames such as the MN and WK. D1 already printing longs on Bitcoin, should see similar price action on Ether. Have a great week!