I have updated my most recently published analysis of ETH price movements.
The descending triangle pattern is still valid and these most recent pumps have added further data points to confirm this trend. The 100 ema appears to be nearly impossible resistance for the bulls.
Shorts at the 100 ema or the upperbound of the triangle have great potential.
I'm looking at BTC daily chart. If we look at the past year we have a clear descending triangle forming on BTC price action (highlighted in blue). Whilst the descending triangle was forming we also had decreasing volume (characteristic of a descending triangle). The dotted yellow line denotes the height of the triangle and would be my estimate for a ...
ETH is back at it again. The small relief rallies we have seen off of the massive drop, all the way down to the low $80s, have started to become confirmation points for forming an upper bound of yet another descending triangle pattern. As you can tell in the chart, every rally has been stuffed off of the 100 ema (orange line), and while the bulls have mustered ...
This is a TEXT BOOK signal - (BSVUSD) - easy money. But do you believe in Craig Wright and his new hard fork BSV currency? I really want to hear what you think.
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On the 4 hour chart, we could see:
- Bearish divergence on Stochastic RSI.
- Descending triangle.
We could expect BTC/USD to go down.
Disclaimer: This is not a finance/trading advice.
Good luck to you all!
Forming a descending triangle pattern, indicating the bears are in absolute control still, and every attempt to push the price higher gets stopped right in its tracks and pushed down towards the support.
When we see a support zone being tested again and again, it usually means it's getting weaker each time the price touches it.
The demand there is getting ...
Good day Traders
Here's my synopsis for the festive month ahead.
Bitcoin found the resistance of a large descending channel, is currently testing bearish pennant support and printing a falling wedge on the 15 min for a rise to around $3980, before breaking market structure and dropping to $3500-$3600, where we should have strong trendline support (which had ...
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Fibonacci retracement with extensions (downtrend 2013 - 2015)
Volume profile fixed range
Moving average 200 MA (red line) : a weekly candle never has had a close below the 200MA
Descending triangle 2018 (measure rule): TP $2950
The eyes represent the most relevant levels.
Hey Everyone, this is my first idea on Trading View, I am happy to share my thoughts, experience and conclusions to everyone and hopefully bring more value with my knowledge. Feel free to debate with me and spark fun, friendly and constructive discussions. Everything here is my opinion and not financial advice, I am not shilling anything or coin and this is merely ...
Hello Ladies and Gentlemen!
My last prediction was spot on... Spot on!
US Stocks (Dow Jones, S&P 500, Nasdaq) are not doing well at the moment. We are witnessing Real Estate crises in London, Stockholm, and more will come. When that ...
ETHUSD currently sitting at support, we could see a descending triangle forming. If it decides to stay within the descending triangle, we would expect it to bounce upwards.
Theres a plenty of support bellow this descending triangle.
This is not a trading/financial advice.
Whats up Traders -
Just looking at the charts for previous signals and potential future signals.
We see that in the last few weeks, day traders could have acted on two very common trading signals -
- Hanging Man
- Hammer pattern
Both of these signals formed and were confirmed, and would have led to winning trades.
Now that we are back to the resistance ...
As you can see, now is a time to be thnking about grabbing a bargain! I would split funds and place BUY orders at 13, 14 and 15 sats and fill with 2019 in mind as that is when its likely that HOT will pop.
Short term targers are 23- 30 sats. Medium is 45-60 and long is 120+
In case you didnt know, this isn't a blockchain based coin, HOLO are building their own ...
Zcash está envuelta en una cuña descendente masiva que parecía haber roto con la formación de un triángulo descendente de 3 meses de duración. Esto confundió muchísimo, clásico de los falsos rompimientos. Se dice que un falso rompimiento es el doble de potente que en fuerza contraria al movimiento falso, por lo que se espera que la tendencia bajista continúe ...
As many of you know, I''m not a crypto trader so, I'm not up to date on what's happening on the fundamental side of things. But as a technical trader here's what I see on the price chart.
Over the past 10 months or so, price has created a pattern formation called a descending triangle. (For more on the psychology on this pattern see my Youtube video "Lessons I've ...
The descendig triangle target has pretty much been reached. The 200 week MA seems to be supporting the price. The RSI is touching the oversold condition.
I would not be surprised with a relief rally into the 128 week MA, around 5k, before resuming the drop.