I wanted to see what the channel it is in looks like and what the next alt cycle may bring. Either the many year long channel will be invalidated or the price of Ethereum will increase greatly by the end of the year.
Aggressive Short setup. Be cautious of your stop placement as this is a highly volatile area and spikes in either direction are likely to occur.
In my opinion, we're in a Bull Trap. Dead-Cat Bounce. There's a very similar Ascending Triangle forming on a smaller time-frame to the one we spilled from a few days ago. Similar Fractals, too. Ascending Triangles are usually Bullish, however, in a overall Bear Market, Ascending Triangles will often spill to the downside. I'm short right now with stop-loss at...
Hello, followers and other TradingView users! Technically, here we get probably the delayed short-term bounce for day traders! Bounce criteria: 1 . April low works as a support - $6425 2. Trendline from the wicks since 15.09.2017 (three touches, today was fourth) 3. Fibonacci retracement area, not the perfect one but between the 62%-78% (Pulled...
EOS has been stuck in a channel with no volume to break it. With bitcoin trending down, EOS will continue to fall drastically. Any channel break needs confirmation considering current market conditions
Looks like bitcoin could be dropping lower. - Looking for the Price to make a bearish signal like a flag pattern for a breakout down more. CHECK the Comments Section for more.
Going short around @ $8650-8700 - continuation of the current parabolic growth after market crash is extremely improbable - there is 90% chance that ETFs will be postponed by SEC to 2019 or denied altogether, reason being that it usually takes a very long time to be approved for ETF, for example, it took 23 years for Gold to get approved. - 200 MA Daily...
BitCoin crypto currency has a strong weekly demand zone in control and being respected, there is a clear monthly uptrend and long term long bias after such a strong expection correction. There is a new weekly bullish impulses being created with new daily demand levels within. Clear long term long bias on BitCoin.
Here is my current strategy for BTC with USD as base for the pair. This is what I think will happen and I am using this as a basis for stop loss, entry point and profit points.
It's very much a mess, but It's what I happen to see. Not trading advice. This is mostly for my own education. Suggestions are welcome. THanks
Technically on a move , on a way to breakout of the falling wedge. once the breakout happen see levels of 8658
This an analysis of the last 25 days, the key support levels are the red lines.
BTCUSD has made a clean break of the inverse head and shoulders to make a higher high somewhere following a lower low which has triggered a huge bias change amongst online traders I follow on reddit/twitter. Though I dont think this means we will break above 10k any time soon, there is reason to believe we are finishing the bear market. The RSI has not been above...
BTC has again rejected the $6500 resistance level and fallen to a short term support at $6300. I will look to take some profits and look for $6000 to be met in the near futures.
Just wanted to throw down a quick scenario; There's a few things that have been bothering me throughout this recent uptrend. Firstly volume, it's been very far between with large pumps followed by a total drop off, more concerning to me is that these pumps happened at the same time of day twice, my rule of thumb for Bitcoin patterns is that twice is a...