Hi everyone, in this analysis I will explain why I opened short position when BTC was rejected at 17.4K level which was upper band of rising wedge/diagonal resistance and 4h 200 EMA. Before that I noticed ABCD pattern which started forming at 15.5K swing low in 22 November/ A point/ and finished at 17256 in 01 December/ D point/. BTC rejected at the mentioned...
This is Germany's stock market index, one of the strongest economies in Europe. The index consists of the 40 largest companies listed in Frankfurt Stock Exchange. On the monthly chart we have the red diagonal line, which has been a support since the beginning, as shown in the circles. We also have the middle yellow line, which has been tested 11 times as a...
Whilst Bitcoin has shown clear technical signs of a bullish reversal (see earlier posts) and a C-phase of a Wyckoff accumulation, Ethereum is at a make it or break it point. Just like Bitcoin will be inherently bearish should it break below $30 000, Ethereum so far shows strength after having wicked on the diagonal primary trend line on the weekly. This area...